The story of this market
The typical home in ZIP 38132 sells for about $146,949, or $102 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 38132 — Memphis
The Memphis market is experiencing a cooling phase characterized by rising inventory and declining median prices. Buyers currently hold more leverage as homes sit on the market longer and price cuts become more frequent. Figures for ZIP 38132 are largely derived from broader Shelby County and Memphis city-wide market data due to the extremely low population density and limited housing stock within this specific ZCTA.
Median prices moved down 1.5% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
26% 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 6.5% · poverty 100.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38132, 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.
Data retrieved from ZCTA-level census tables; figures for population and housing units reflect specific ZCTA 38132 boundaries.
- Dave & Buster's Memphis414.4 mi
- K1 Speed Memphis4.710.8 mi
- Urban Air Trampoline and Adventure Park4.212.5 mi
- Jumping World4.110.3 mi
- Urban Air Trampoline and Adventure Park4.216.2 mi
- Memphis Zoo4.65.3 mi
- FedExForum4.75.4 mi
- Crosstown Concourse4.75.5 mi
- Renasant Convention Center4.56.3 mi
- B.B. King's Blues Club4.65.6 mi
- Graceland4.52.4 mi
- Memphis Zoo4.65.3 mi
- National Civil Rights Museum4.95.5 mi
- Malco Paradiso4.56.5 mi
- Memphis Botanic Garden4.75.2 mi
- Graceland4.52.4 mi
- National Civil Rights Museum4.95.5 mi
- Crosstown Concourse4.75.5 mi
- Sun Studio4.85.1 mi
- Lorraine Motel4.95.5 mi
- Memphis Botanic Garden4.75.2 mi
- Shelby Farms Park4.810.3 mi
- Tom Lee Park4.65.8 mi
- Overton Park4.65 mi
- Snowden Grove Park4.69 mi
- Topgolf Memphis3.510.5 mi
- TPC Southwind4.812.3 mi
- Cherokee Valley Golf Club4.511.4 mi
- Windyke Country Club4.812.6 mi
- The Links at Audubon4.25.2 mi
- Tanger Outlets Southaven4.59.5 mi
- Nordstrom Rack4.15.9 mi
- Winchester Farmers Market4.38.8 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.