Memphis MSA · Investor market intelligence
Memphis Market
One of the most affordable mid-cap investor markets in the US. Every ZIP across Shelby Co (TN), DeSoto Co (MS), and Fayette Co (TN), graded on public Census, FBI, BLS, NCES, and HUD data plus Zillow ZORI rent estimates.
Median home value
$249,038
Median rent (ZORI)
$1,551
Median income
$74,986
Owner-occupied
60%
Data refreshed 1 months ago · sources: ACS 2024, FBI 2022
ZIP rankings
Map view →| ZIP | Area | Grade | Home $ | Income | Rent | Own% | Vac% | OZ |
|---|---|---|---|---|---|---|---|---|
| — | Memphis MSA average | 6.9 | $249,038 | $74,986 | $1,551 | 60% | 9% | — |
| 38632 | Hernando | B+ (8.4) | $322,000 | $93,583 | $2,100 | 88% | 5% | – |
| 38018 | Cordova / Shelby Farms | B+ (8.4) | $293,800 | $90,004 | $1,799 | 62% | 5% | – |
| 38017 | Collierville | B+ (8.2) | $495,200 | $138,677 | $1,995 | 78% | 4% | – |
| 38139 | Germantown | B+ (8.1) | $575,500 | $178,661 | $3,500 | 97% | 2% | – |
| 38138 | Germantown | B+ (7.9) | $430,200 | $136,297 | $2,425 | 80% | 4% | – |
| 38134 | Bartlett | B+ (7.8) | — | $60,622 | $1,195 | 47% | — | – |
| 38125 | Windyke / Southwind | B+ (7.7) | $251,100 | $86,162 | $1,583 | 54% | 5% | – |
| 38637 | Horn Lake | B+ (7.7) | $171,400 | $53,311 | $1,529 | 58% | 8% | – |
| 38016 | Cordova | B+ (7.7) | $282,800 | $76,569 | $1,601 | 55% | 8% | – |
| 38133 | Bartlett | B+ (7.6) | $270,900 | $81,659 | $1,585 | 68% | 4% | – |
| 38672 | Southaven | B+ (7.6) | $320,500 | $116,184 | $2,378 | 88% | 6% | – |
| 38028 | Eads | B (7.4) | $463,600 | $151,389 | — | 95% | 2% | – |
| 38104 | Midtown Memphis | B (7.4) | $317,200 | $58,117 | $1,148 | 38% | 11% | – |
| 38103 | Downtown Memphis | B (7.4) | $397,300 | $76,278 | $1,563 | 32% | 10% | ✓ |
| 38117 | East Memphis South | B (7.4) | $311,800 | $85,633 | $1,552 | 76% | 5% | – |
| 38654 | Olive Branch | B (7.4) | $309,400 | $103,092 | $1,990 | 85% | 3% | – |
| 38120 | East Memphis / Kirby | B (7.4) | $460,700 | $123,538 | $1,535 | 72% | 6% | – |
| 38002 | Lakeland / Arlington | B (7.2) | $399,300 | $116,895 | $2,136 | 84% | 3% | – |
| 38112 | Rhodes College Area | B (7.1) | $252,100 | $55,207 | $1,327 | 52% | 13% | – |
| 38135 | Bartlett | B (7.0) | $287,000 | $97,282 | $1,795 | 81% | 2% | – |
| 38141 | Hickory Hill South | B (6.9) | $157,900 | $60,817 | — | 56% | 3% | – |
| 38060 | Oakland | B (6.9) | $319,900 | $92,338 | $2,095 | 86% | 4% | – |
| 38053 | Millington | B (6.9) | $221,900 | $58,194 | $1,520 | 67% | 8% | – |
| 38671 | Southaven | B (6.8) | $189,000 | $61,843 | $1,511 | 64% | 9% | – |
| 38126 | South Memphis | B (6.8) | $59,300 | $30,071 | — | 12% | 14% | – |
| 38119 | East Memphis / Kirby Trace | B (6.8) | $296,700 | $89,289 | $1,528 | 60% | 6% | – |
| 38111 | University Area | B (6.8) | $190,100 | $52,589 | $1,270 | 44% | 11% | – |
| 38122 | Berclair | B (6.8) | $123,000 | $48,710 | $1,156 | 53% | 7% | – |
| 38105 | Memphis Medical | B (6.7) | $90,200 | $34,015 | $1,062 | 14% | 24% | ✓ |
| 38116 | Whitehaven | B (6.7) | $138,600 | $42,183 | $905 | 43% | 16% | – |
| 38641 | Lake Cormorant | B (6.5) | $237,400 | $96,208 | — | 95% | 8% | – |
| 38068 | Somerville | B (6.5) | $286,800 | $64,732 | — | 73% | 10% | – |
| 38115 | Hickory Hill North | B (6.4) | $145,400 | $45,636 | $1,056 | 23% | 15% | ✓ |
| 38128 | Raleigh | B (6.3) | $138,000 | $47,645 | $1,290 | 42% | 12% | – |
| 38680 | Walls | B (6.2) | $220,400 | $59,503 | $1,890 | 69% | 11% | – |
| 38131 | Memphis Airport | B (6.1) | — | — | — | — | — | – |
| 38114 | Orange Mound | B (6.1) | $82,000 | $34,206 | $952 | 46% | 23% | – |
| 38118 | Oakhaven | B (6.1) | $107,600 | $43,446 | $1,240 | 40% | 19% | – |
| 38107 | North Memphis | B- (6.0) | $152,000 | $35,265 | $1,104 | 38% | 17% | – |
| 38029 | Hickory Withe | B- (5.9) | — | — | — | — | — | – |
| 38108 | Hyde Park | B- (5.8) | $71,200 | $36,257 | $949 | 46% | 16% | – |
| 38106 | South Memphis | B- (5.7) | $71,800 | $30,232 | $934 | 39% | 23% | ✓ |
| 38127 | Frayser | B- (5.6) | $90,300 | $36,901 | $1,069 | 42% | 18% | – |
| 38109 | Westwood | B- (5.3) | $80,400 | $37,496 | $1,125 | 56% | 12% | – |
| 38066 | Rossville | C+ (4.7) | $377,900 | $107,660 | — | 88% | 3% | – |
Source vintages — Census ACS: 2024 · FBI UCR: 2022