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Area data

Memphis, TN — ZIP 38112

Population: 16,809 (Census ACS)

The median home value in ZIP 38112 (Memphis, TN) is $124,787 — down 10.4% over the past year. Homes sell for a median $138,500 after a median 109 days on market. Typical rent runs $1,254/month. 6 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, tornado, earthquake the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$124,787

Median home value

-10.4%

1-year change

109

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$124,787
1-year appreciation
-10.4%
3-year appreciation
-15.2%
5-year appreciation
-3.3%
10-year appreciation
+72.9%
All-time peak (2022-08)
$151,247
House Price Index (state)
475.9 (+0.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$138,500
Median list price
$125,000
Median price per sqft
$107
1-year sale-price change
+38.5%
Median days on market
109 days
Homes sold (recent period)
2
For-sale inventory
104
Sale-to-list ratio
100.0%
Active listings
6
1-year forecast
-0.8%
Days to pending
64 days
New listings (monthly)
15

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,254/mo
1-year rent change
+2.7%
Studio fair-market rent
$890/mo
1BR fair-market rent
$970/mo
2BR fair-market rent
$1,080/mo
3BR fair-market rent
$1,430/mo
4BR fair-market rent
$1,670/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
13.2¢/kWh
Natural gas rate (state-level)
$11.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
6
Elementary schools
5
Middle schools
0
High schools
0
Charter schools
2
School districts serving the area
Achievement School District, Memphis-Shelby County Schools
Schools include
Cornerstone Prep - Lester Campus, Snowden Elementary/Middle, William Herbert Brewster Elementary School, Early Childhood Programs, Exceptional Children Special Placements

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
coldWave, tornado, earthquake, heatWave, iceStorm
Notable hazard ratings (county)
coldWave: Very High · drought: Relatively Low · earthquake: Relatively High · heatWave: Relatively High · hurricane: Relatively Low · iceStorm: Relatively High
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 41% of US counties
Buildings in wildfire direct-exposure zone
22.5%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
2
Nearest Superfund site
Former Custom Cleaners (2.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
64.0°F
Average high
73.0°F
Average low
54.0°F
Annual precipitation
54.8 in
Annual snowfall
3.2 in
USDA plant hardiness zone
8a (extreme annual low 10 to 15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
52
Days with Good air quality
155
Days with Moderate air quality
201
Highest AQI recorded (year)
140

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
14.0 / 20
Transit service frequency
303
Jobs reachable by car (30 min)
116,327
Jobs reachable by transit (45 min)
89,181

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
39
Nearest airport
General Dewitt Spain Airport (6 mi)
Nearest major airport
Memphis International Airport (MEM) (7 mi)
Hospitals nearby (~15 mi)
18
Hospitals include
BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, INC, PERIMETER BEHAVIORAL HOSPITAL OF WEST MEMPHIS, BAPTIST MEMORIAL HOSPITAL DESOTO
Avg hospital rating (CMS)
2.8 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (4.4 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-3,845 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,950
Housing built before 1970
76.2%
Housing built 2000 or later
7.3%
Median annual property tax
$2,252
Mean commute to work
18 min
Households with broadband internet
65.3%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
427,155
Average weekly wage
$1,346
Top industries (by employment)
Health Care, Administrative Services, Accommodation & Food
Annual residential building permits (county)
642

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 38112State medianUS median
Median home value$124,787$269,649$289,727
Median sale price$138,500$315,000$325,000
Median days on market109 days73 days51 days
Typical rent$1,254/mo$1,597/mo$1,808/mo
Median annual property tax$2,252$970$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 38112?
$124,787.
What is the median sale price in ZIP 38112?
$138,500.
How long do homes take to sell in ZIP 38112?
Median days on market: 109 days.
What is typical rent in ZIP 38112?
Typical rent: $1,254/month.
What is the natural-hazard risk in ZIP 38112?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, tornado, earthquake, heatWave, iceStorm.
Is ZIP 38112 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 38112?
Risk to homes is higher than 41% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 38112?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 38112?
2 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Former Custom Cleaners, 2.9 mi.
How many schools serve ZIP 38112?
6 schools (5 elementary) (NCES, 2022-23).
Is ZIP 38112 walkable?
Walkability index: 14.0/20 (EPA Smart Location Database).
What is the air quality in ZIP 38112?
Moderate. Median AQI: 52. (EPA AQI).
What is the cost of living in ZIP 38112?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

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