The story of this market
The typical home in ZIP 38122 sells for about $158,000, or $105 per square foot.
Prices are up +6% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,144 a month.
ZIP 38122 — Memphis
The 38122 housing market remains stable with modest year-over-year price appreciation driven by demand for affordable entry-level housing. Inventory levels are sufficient to meet current buyer interest, though the market remains sensitive to broader economic conditions in Memphis.
This ZIP is well-suited for first-time homebuyers and investors seeking entry-level price points, as well as renters looking for proximity to central Memphis employment hubs.
Median prices moved up 6.0% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 26.8% — a mixed stability 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 7.1%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38122, 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.
Crime rates in the area remain a significant concern, with property and violent crime levels consistently trending higher than the national average and regional benchmarks.
Public schools serving the area generally face challenges with performance metrics, often receiving lower ratings compared to suburban districts in the greater Memphis area.
The area is subject to standard regional risks, including potential for severe thunderstorms and wind events; flood risk is localized to specific low-lying zones near drainage basins.
Economic momentum is driven by proximity to the Memphis logistics hub and ongoing revitalization efforts along the Summer Avenue corridor, though large-scale new development remains limited.
Property taxes are assessed by Shelby County and the City of Memphis, with rates determined by the combined municipal and county millage; exemptions are available for owner-occupied primary residences.
Residents benefit from direct access to Summer Avenue and I-40, providing a relatively straightforward commute to Downtown Memphis and the medical district.
The area features proximity to local parks such as High Point Terrace and is within a short drive of the shopping and dining districts along Summer Avenue.
The rental market is characterized by high demand for affordable housing, with a significant presence of individual investors managing single-family rental properties.
The economy is anchored by the broader Memphis logistics, healthcare, and education sectors, with significant employment provided by nearby institutions and distribution centers.
The area is served by MATA bus routes along major arterials, with primary transit reliance on private vehicles for commuting to the Memphis core.
Development is focused on infill projects and the adaptive reuse of older commercial properties along the Summer Avenue corridor.
Parcels are subject to Shelby County and Memphis City tax jurisdictions, with standard utility service districts for water and sewage.
Property insurance premiums are influenced by regional weather patterns and the age of housing stock, with standard coverage available.
Data retrieved from data.census.gov ZCTA-level tables.
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 Memphis47.8 mi
- K1 Speed Memphis4.74.2 mi
- Urban Air Trampoline and Adventure Park4.27.2 mi
- Jumping World4.13.8 mi
- Urban Air Trampoline and Adventure Park4.214.8 mi
- Memphis Zoo4.64.2 mi
- FedExForum4.77.4 mi
- Crosstown Concourse4.75.3 mi
- Renasant Convention Center4.57.4 mi
- B.B. King's Blues Club4.67.6 mi
- Graceland4.59.5 mi
- Memphis Zoo4.64.2 mi
- National Civil Rights Museum4.97.9 mi
- Malco Paradiso4.53.1 mi
- Shelby Farms Park4.85.1 mi
- Graceland4.59.5 mi
- National Civil Rights Museum4.97.9 mi
- Crosstown Concourse4.75.3 mi
- Sun Studio4.86.7 mi
- Lorraine Motel4.97.9 mi
- Shelby Farms Park4.85.1 mi
- Memphis Botanic Garden4.73 mi
- Tom Lee Park4.68.2 mi
- Overton Park4.63.9 mi
- Crystal Shrine Grotto4.74.1 mi
- Topgolf Memphis3.59.2 mi
- TPC Southwind4.810.4 mi
- Windyke Country Club4.811.1 mi
- Mirimichi Golf Course4.410.4 mi
- The Links at Audubon4.22.8 mi
- Wolfchase Galleria4.28.2 mi
- Nordstrom Rack4.12.5 mi
- Winchester Farmers Market4.38.4 mi
- Burlington3.83.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A community-focused green space serving the neighborhood.
A major commercial corridor featuring diverse international dining and retail.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.