Memphis (38118) has an estimated 41,465 residents with 41,157 of those people in approximately 13,809 housing units. The 38118 zipcode contains 5,699 housing units that are owned with a mortgage or a loan, 1,316 housing units that are owned free and clear and 6,794 housing units that are renter occupied.

In Memphis (38118) the median listing price of $69,700 has inreased by $3,800 since 2018-10.

In 2018 the average percentage drop was 4.77% of original listing price.

54 homes were sold in 2018-11 in Memphis, TN (38118).
This monthly number has dropped by 10 from the previous month.

Zip code 38118 is in the Memphis metropolitan area.
The median estimated home value in Memphis, TN (38118) is $76,000 as of 2018-10-31

In Memphis, TN (38118), values have dropped by -0.06 from when they peaked at $80,500 in 2007-Q1

The Zillow Market Health Index for Memphis, TN (38118) is 0.38. 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 significantly 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.