The story of this market
The typical home in ZIP 38126 sells for about $179,900, or $136 per square foot.
Prices are down 36.9% from a year ago, which gives buyers more room to negotiate. Homes take about 108 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $787 a month.
ZIP 38126 — Memphis
The housing market in ZIP 38126 is experiencing a significant downturn, with median sale prices falling 36.9% year-over-year to $179,900. Sales volume has contracted sharply, and homes are lingering on the market for over 100 days, reflecting a cooling environment for sellers. These figures are specific to the Downtown Memphis neighborhood context provided by recent market data.
This area is primarily suited for investors and budget-conscious buyers, given the lower median household income and significant recent price corrections in the local housing market.
Median prices moved down 36.9% year over year.
Homes spend a median of 108 days on market with 0.0 months of supply — a slower-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 9.3% · poverty 45.2% — elevated distress and economic pressure.
ZCTA 38126
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The mean commute time for residents in this ZIP code is approximately 18 minutes.
The local economy is characterized by significantly lower per-capita and household incomes compared to the broader Memphis metro area and national averages.
Data retrieved from Census Reporter profile for ZCTA 38126.
- Dave & Buster's Memphis415.1 mi
- K1 Speed Memphis4.711.5 mi
- Urban Air Trampoline and Adventure Park4.214.3 mi
- Jumping World4.111.1 mi
- Urban Air Trampoline and Adventure Park4.219.8 mi
- Memphis Zoo4.63.3 mi
- FedExForum4.71 mi
- Crosstown Concourse4.72.6 mi
- Renasant Convention Center4.52 mi
- B.B. King's Blues Club4.61.2 mi
- Graceland4.55.4 mi
- Memphis Zoo4.63.3 mi
- National Civil Rights Museum4.91 mi
- Malco Paradiso4.58.5 mi
- Memphis Botanic Garden4.77.2 mi
- Graceland4.55.4 mi
- National Civil Rights Museum4.91 mi
- Crosstown Concourse4.72.6 mi
- Sun Studio4.81.1 mi
- Lorraine Motel4.91 mi
- Memphis Botanic Garden4.77.2 mi
- Shelby Farms Park4.812 mi
- Tom Lee Park4.61.4 mi
- Overton Park4.63.5 mi
- Crystal Shrine Grotto4.79.7 mi
- Mirimichi Golf Course4.411.9 mi
- The Links at Audubon4.27.2 mi
- Links At Galloway Golf Course4.36.2 mi
- The Links at Fox Meadows4.210.4 mi
- The Links at Pine Hill4.42.7 mi
- Nordstrom Rack4.17.6 mi
- Burlington3.88.6 mi
- Winchester Farmers Market4.312.5 mi
- Sprouts Farmers Market4.47.8 mi
- Ross Dress for Less4.17.4 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.