The story of this market
The typical home in ZIP 38112 sells for about $226,450, or $89 per square foot.
Prices are up +35.2% from a year ago, so sellers still have some momentum. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $985 a month.
ZIP 38112 — Memphis
The 38112 housing market has shown significant price appreciation over the last year, with a median sale price of $226,450. Sales volume has increased substantially compared to the previous year, indicating strong demand despite a moderate pace of market activity.
Median prices moved up 35.2% year over year.
Homes spend a median of 54 days on market with 0.0 months of supply — a fast-moving 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 9.6% · poverty 31.3% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38112
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 Memphis410.5 mi
- K1 Speed Memphis4.76.9 mi
- Urban Air Trampoline and Adventure Park4.29.8 mi
- Jumping World4.16.5 mi
- Urban Air Trampoline and Adventure Park4.216.5 mi
- Memphis Zoo4.61.6 mi
- FedExForum4.74.7 mi
- Crosstown Concourse4.72.7 mi
- Renasant Convention Center4.54.8 mi
- B.B. King's Blues Club4.64.9 mi
- Graceland4.57.4 mi
- Memphis Zoo4.61.6 mi
- National Civil Rights Museum4.95.1 mi
- Malco Paradiso4.54.6 mi
- Shelby Farms Park4.87.6 mi
- Graceland4.57.4 mi
- National Civil Rights Museum4.95.1 mi
- Crosstown Concourse4.72.7 mi
- Sun Studio4.84 mi
- Lorraine Motel4.95.1 mi
- Shelby Farms Park4.87.6 mi
- Memphis Botanic Garden4.73.6 mi
- Tom Lee Park4.65.5 mi
- Overton Park4.61.2 mi
- Crystal Shrine Grotto4.75.8 mi
- Topgolf Memphis3.510.7 mi
- TPC Southwind4.812.2 mi
- Mirimichi Golf Course4.410.4 mi
- Windyke Country Club4.812.7 mi
- The Links at Audubon4.23.5 mi
- Wolfchase Galleria4.210.9 mi
- Nordstrom Rack4.13.7 mi
- Winchester Farmers Market4.39.5 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.