The story of this market
The typical home in ZIP 38134 sells for about $260,000, or $146 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $1,198 a month.
ZIP 38134 — Memphis
The 38134 housing market remains stable with moderate price appreciation and a balanced inventory level. Demand is supported by the area's affordability relative to the broader Memphis market, though rising interest rates and regional economic factors continue to influence buyer activity.
This ZIP is well-suited for family buyers and first-time homeowners seeking affordable single-family housing with convenient access to Memphis employment centers.
Median prices moved up 0.7% year over year.
Homes spend a median of 54 days on market with 1.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 11.1% — a stable, low-distress 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 5.1%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38134, 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 trends in the 38134 area are consistent with broader Memphis regional patterns, which face ongoing challenges with property and violent crime rates compared to national averages.
Schools serving the 38134 area are primarily part of the Shelby County Schools system, with performance ratings varying significantly across individual campuses.
The area is subject to standard regional risks including severe thunderstorms and occasional wind events, with flood risk localized to specific low-lying zones near drainage basins.
Economic momentum is driven by the proximity to major Memphis logistics and healthcare hubs, with steady infill development and residential renovation activity.
Property taxes are assessed by the Shelby County Assessor based on a percentage of fair market value, with rates determined by the combined levies of the county, city, and school district.
Residents typically rely on personal vehicles for commuting, with primary access to the Memphis employment core provided by I-40 and major arterial roads like Summer Avenue.
The area features several local parks and community centers, with proximity to the Wolf River Greenway and various shopping centers along the Bartlett and Memphis border.
The rental market is characterized by steady demand for single-family homes and garden-style apartments, with moderate vacancy pressure and consistent rent growth.
The local economy is anchored by the broader Memphis logistics, transportation, and healthcare sectors, with significant employment provided by regional distribution centers.
Transportation is heavily reliant on the highway network, specifically I-40 and I-240, which facilitate regional connectivity.
Development is primarily focused on residential infill and the revitalization of existing commercial corridors.
Parcels are subject to Shelby County and municipal tax levies, with specific utility districts managing water and sewer services.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail, which are common in the Mid-South.
Data retrieved from US Census Bureau 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 Memphis44.3 mi
- K1 Speed Memphis4.71.6 mi
- Urban Air Trampoline and Adventure Park4.25.4 mi
- Jumping World4.11.9 mi
- Urban Air Trampoline and Adventure Park4.214.8 mi
- Memphis Zoo4.67.7 mi
- FedExForum4.710.9 mi
- Crosstown Concourse4.78.6 mi
- Renasant Convention Center4.510.6 mi
- B.B. King's Blues Club4.611 mi
- Memphis Zoo4.67.7 mi
- National Civil Rights Museum4.911.4 mi
- Malco Paradiso4.55.5 mi
- Shelby Farms Park4.84.3 mi
- Memphis Botanic Garden4.76.3 mi
- Graceland4.513.4 mi
- National Civil Rights Museum4.911.4 mi
- Crosstown Concourse4.78.6 mi
- Sun Studio4.810.2 mi
- Lorraine Motel4.911.4 mi
- Shelby Farms Park4.84.3 mi
- Memphis Botanic Garden4.76.3 mi
- Tom Lee Park4.611.7 mi
- Overton Park4.67.5 mi
- Crystal Shrine Grotto4.75.8 mi
- Topgolf Memphis3.510.1 mi
- TPC Southwind4.810.7 mi
- Windyke Country Club4.811.5 mi
- Mirimichi Golf Course4.49.8 mi
- The Links at Audubon4.26.2 mi
- Wolfchase Galleria4.24.6 mi
- Nordstrom Rack4.15.6 mi
- Winchester Farmers Market4.39.9 mi
- Burlington3.86 mi
- Frederick W. Smith International Airport4.211.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional trail system providing extensive walking and cycling paths.
A central hub for local retail and dining options serving the surrounding neighborhoods.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.