The story of this market
The typical home in ZIP 38106 sells for about $69,785, or $63 per square foot.
Prices are up +11.7% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $952 a month.
ZIP 38106 — Memphis
The 38106 housing market is characterized by low-priced, entry-level inventory with a median sale price of approximately $69,785. While the broader Memphis market has seen price declines and rising inventory, this specific ZIP has experienced a year-over-year price increase of 11.7% as of July 2026.
Median prices moved up 11.7% year over year.
Homes spend a median of 58 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 19.7% · poverty 43.0% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38106
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
not determinable
- Dave & Buster's Memphis419.9 mi
- K1 Speed Memphis4.716.3 mi
- Urban Air Trampoline and Adventure Park4.218.9 mi
- Jumping World4.115.8 mi
- Urban Air Trampoline and Adventure Park411.8 mi
- Memphis Zoo4.68.1 mi
- FedExForum4.75 mi
- Crosstown Concourse4.77.3 mi
- Renasant Convention Center4.55.7 mi
- B.B. King's Blues Club4.65 mi
- Graceland4.56.3 mi
- Memphis Zoo4.68.1 mi
- National Civil Rights Museum4.94.6 mi
- Memphis Botanic Garden4.711.6 mi
- Malco Paradiso4.512.9 mi
- Graceland4.56.3 mi
- National Civil Rights Museum4.94.6 mi
- Crosstown Concourse4.77.3 mi
- Sun Studio4.85.7 mi
- Lorraine Motel4.94.6 mi
- Memphis Botanic Garden4.711.6 mi
- Tom Lee Park4.64.4 mi
- Overton Park4.68.3 mi
- Big River Crossing4.73.6 mi
- T.O. Fuller State Park4.32.4 mi
- The Links at Audubon4.211.6 mi
- Links At Galloway Golf Course4.310.9 mi
- The Links at Pine Hill4.45.1 mi
- Overton Park 94.48.1 mi
- Southaven Golf Center4.111 mi
- Nordstrom Rack4.112.1 mi
- Burlington3.812.9 mi
- Sprouts Farmers Market4.412.2 mi
- Ross Dress for Less4.112.2 mi
- Southland Mall3.77.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.