Zillow-38117

Currently classified as "Warm" due to consistent renter demand .

Home values have decreased by roughly 1.6% over the past year . zillow-38117

Typical home values in the zip code of Memphis, TN, are approximately $267,166 as of April 2026 . 🏠 Market Snapshot: 38117 Currently classified as "Warm" due to consistent renter

Monthly rent in the area averages $1,507 , which is a decrease of about $93 from the previous year . are approximately $267

Most homes sell for approximately 97.7% of their original asking price . 📈 Neighborhood & Rental Trends