Memphis (38116) has an estimated 40,404 residents with 39,921 of those people in approximately 14,724 housing units. The 38116 zipcode contains 6,252 housing units that are owned with a mortgage or a loan, 1,363 housing units that are owned free and clear and 7,109 housing units that are renter occupied.

In Memphis (38116) the median listing price of $79,500 has dereased by $4,228 since 2018-10.

In 2018 the average percentage drop was 6.89% of original listing price.

20 homes were sold in 2018-11 in Memphis, TN (38116).
This monthly number has dereased by 14 from the previous month.

Zip code 38116 is in the Memphis metropolitan area.
The median estimated home value in Memphis, TN (38116) is $93,700 as of 2018-10-31

In Memphis, TN (38116), values have dereased by -0.05 from when they peaked at $98,300 in 2007-Q1

The Zillow Market Health Index for Memphis, TN (38116) is 1.52. The corresponding state value is 6.67. This is significantly lower than the overall Market Health Index of Tennessee.
Metro value is 1.81.
This is lower than the overall Market Health Index of Memphis.

Current Weather in Memphis Created 17 Apr 10:54 am CDT in Memphis, TN
	Slight Chance Sprinkles A slight chance of sprinkles. Mostly cloudy, with a high near 78. South wind around 15 mph.