Area data
Memphis, TN — ZIP 38128
Population: 42,162 (Census ACS)
The median home value in ZIP 38128 (Memphis, TN) is $146,949 — down 1.5% over the past year. Homes sell for a median $151,000 after a median 60 days on market. Typical rent runs $1,228/month. 10 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).
$146,949
Median home value
-1.5%
1-year change
60
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $146,949
- 1-year appreciation
- -1.5%
- 3-year appreciation
- -1.4%
- 5-year appreciation
- +16.7%
- 10-year appreciation
- +113.7%
- All-time peak (2025-03)
- $150,628
- 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
- $151,000
- Median list price
- $135,450
- Median price per sqft
- $94
- 1-year sale-price change
- +0.7%
- Median days on market
- 60 days
- Homes sold (recent period)
- 68
- For-sale inventory
- 185
- Sale-to-list ratio
- 95.8%
- Active listings
- 131
- 1-year forecast
- -0.6%
- Days to pending
- 51 days
- New listings (monthly)
- 46
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,228/mo
- 1-year rent change
- +1.0%
- Studio fair-market rent
- $1,120/mo
- 1BR fair-market rent
- $1,220/mo
- 2BR fair-market rent
- $1,350/mo
- 3BR fair-market rent
- $1,780/mo
- 4BR fair-market rent
- $2,080/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
- 10
- Elementary schools
- 6
- Middle schools
- 2
- High schools
- 2
- Charter schools
- 3
- School districts serving the area
- Achievement School District, Memphis-Shelby County Schools
- Schools include
- Journey Coleman School, Promise Academy - Spring Hill, Craigmont High, Egypt Elementary, Raleigh-Egypt High
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
- None
- Nearest Superfund site
- Former Custom Cleaners (7.6 mi)
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
- 7.7 / 20
- Transit service frequency
- 1,128
- Jobs reachable by car (30 min)
- 95,570
- Jobs reachable by transit (45 min)
- 83,855
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Trail Of Tears National Historic Trail (59 mi)
- Airports within 30 mi
- 35
- Nearest airport
- Charles W. Baker Airport (4 mi)
- Nearest major airport
- Millington-Memphis Airport (NQA) (10 mi)
- Hospitals nearby (~15 mi)
- 16
- Hospitals include
- BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, INC, PERIMETER BEHAVIORAL HOSPITAL OF WEST MEMPHIS, BAPTIST MEMORIAL HOSPITAL DESOTO
- Avg hospital rating (CMS)
- 2.4 / 5
- Best hospital rating nearby (CMS)
- 4.0 / 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
- 1,975
- Housing built before 1970
- 35.6%
- Housing built 2000 or later
- 8.2%
- Median annual property tax
- $1,366
- Mean commute to work
- 21 min
- Households with broadband internet
- 69.0%
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 38128 | State median | US median | |
|---|---|---|---|
| Median home value | $146,949 | $269,649 | $289,727 |
| Median sale price | $151,000 | $315,000 | $325,000 |
| Median days on market | 60 days | 73 days | 51 days |
| Typical rent | $1,228/mo | $1,597/mo | $1,808/mo |
| Median annual property tax | $1,366 | $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 38128?
- $146,949.
- What is the median sale price in ZIP 38128?
- $151,000.
- How long do homes take to sell in ZIP 38128?
- Median days on market: 60 days.
- What is typical rent in ZIP 38128?
- Typical rent: $1,228/month.
- What is the natural-hazard risk in ZIP 38128?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, tornado, earthquake, heatWave, iceStorm.
- Is ZIP 38128 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone X.
- What is the wildfire risk in ZIP 38128?
- 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 38128?
- Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 38128?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve ZIP 38128?
- 10 schools (6 elementary, 2 middle, 2 high) (NCES, 2022-23).
- Is ZIP 38128 walkable?
- Walkability index: 7.7/20 (EPA Smart Location Database).
- What is the air quality in ZIP 38128?
- Moderate. Median AQI: 52. (EPA AQI).
- What is the cost of living in ZIP 38128?
- Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →