The story of this market
The typical home in ZIP 38002 sells for about $520,000, or $178 per square foot.
Prices are up +2.16% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,753 a month.
ZIP 38002 — Arlington
The 38002 housing market remains resilient with steady price appreciation and high demand for family-sized homes. While inventory has increased slightly, the area's strong school district and suburban appeal continue to drive buyer interest, keeping the market balanced.
This ZIP is ideal for family buyers seeking high-rated schools and suburban space, as well as professionals commuting to the Memphis metro area who prefer a quieter, residential environment.
Median prices moved up 2.2% year over year.
Homes spend a median of 57 days on market with 3.1 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 4.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 38002, Shelby County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Arlington (38002) generally reports lower crime rates compared to the broader Memphis metropolitan area, maintaining a suburban safety profile.
The area is served by the Arlington Community Schools district, which is consistently rated highly for academic performance and student outcomes within the region.
The region faces standard risks for wind and storm activity common to West Tennessee; flood risk is generally low but varies by specific parcel proximity to local creeks.
Arlington is experiencing steady residential growth and infrastructure expansion, supported by its proximity to major logistics and distribution hubs in the Memphis metro.
Property taxes are assessed by Shelby County and the local municipality; the rate includes school district levies and specific county-wide service districts.
Commuters typically rely on I-40 for access to the Memphis employment core, with average commute times reflecting suburban distance to the city center.
The area features several community parks, local sports complexes, and proximity to regional golf courses, with retail and dining concentrated along the main thoroughfares.
The rental market is characterized by high demand for single-family homes, with low vacancy rates and steady rent growth driven by the area's family-oriented appeal.
The local economy is anchored by logistics, healthcare, and education, benefiting from the broader Memphis regional industrial base.
Transportation is primarily auto-dependent, with I-40 serving as the primary artery for regional connectivity.
Ongoing residential development continues in the northern and eastern sections of the ZIP, with planned infrastructure upgrades to support traffic flow.
Parcels are subject to Arlington Community Schools district taxes and standard Shelby County municipal service assessments.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in the Mid-South.
Data retrieved from data.census.gov ZCTA 38002 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's Memphis46.9 mi
- K1 Speed Memphis4.710.4 mi
- Urban Air Trampoline and Adventure Park4.210.3 mi
- Jumping World4.111 mi
- Urban Air Trampoline and Adventure Park4.218.1 mi
- Memphis Zoo4.618 mi
- Crosstown Concourse4.718.9 mi
- Topgolf Memphis3.516.5 mi
- Simmons Bank Liberty Stadium4.518.3 mi
- Dave & Buster's Memphis46.9 mi
- Shelby Farms Park4.811.7 mi
- Main Event Memphis48.9 mi
- Dave & Buster's Memphis46.9 mi
- Memphis’ Incredible Food and Fun4.49.4 mi
- Malco Cordova Cinema Grill4.39.6 mi
- Crosstown Concourse4.718.9 mi
- Children's Museum of Memphis4.618.1 mi
- India Cultural Center & Temple Inc.4.86 mi
- Dixon Gallery & Gardens4.816.4 mi
- Memphis Museum of Science & History4.517.3 mi
- Shelby Farms Park4.811.7 mi
- Cameron Brown Park4.712.8 mi
- W.J. Freeman Park4.610.2 mi
- Shelby Farms Dog Park4.810.9 mi
- Wolf River Refuge Trailhead4.812.2 mi
- Spring Creek Ranch4.811.6 mi
- Lakeland Golf Club3.74.9 mi
- Glen Eagle Golf Course4.48.8 mi
- Orgill Park Golf Course49.6 mi
- Fair Oaks Golf Club4.512.1 mi
- Wolfchase Galleria4.26.7 mi
- Macy's4.26.7 mi
- Ross Dress for Less4.17.7 mi
- Kohl's4.27.7 mi
- T.J. Maxx4.37.2 mi
- Frederick W. Smith International Airport4.221.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features multiple fields for youth and adult sports leagues.
A central community park offering walking trails and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.