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Area data

Germantown, TN — ZIP 38138

Population: 25,167 (Census ACS)

The median home value in ZIP 38138 (Germantown, TN) is $440,153 — down 1.8% over the past year. Homes sell for a median $309,000 after a median 54 days on market. Typical rent runs $2,342/month. 7 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

$440,153

Median home value

-1.8%

1-year change

54

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$440,153
1-year appreciation
-1.8%
3-year appreciation
-0.9%
5-year appreciation
+13.0%
10-year appreciation
+63.8%
All-time peak (2024-06)
$455,989
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
$309,000
Median list price
$339,000
Median price per sqft
$163
1-year sale-price change
+14.7%
Median days on market
54 days
Homes sold (recent period)
5
For-sale inventory
165
Sale-to-list ratio
96.2%
Active listings
3
1-year forecast
+0.2%
Days to pending
51 days
New listings (monthly)
40

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

Rents

Typical rent
$2,342/mo
1-year rent change
+5.6%
Studio fair-market rent
$1,540/mo
1BR fair-market rent
$1,680/mo
2BR fair-market rent
$1,850/mo
3BR fair-market rent
$2,440/mo
4BR fair-market rent
$2,840/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
7
Elementary schools
4
Middle schools
1
High schools
1
School districts serving the area
Memphis-Shelby County Schools, Germantown
Schools include
Germantown Elementary, Germantown High, Germantown Middle, Farmington Elementary School, Riverdale Elementary School

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
National Fireworks (5.9 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
62.0°F
Average high
73.0°F
Average low
51.0°F
Annual precipitation
58.8 in
Annual snowfall
4.3 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
6.5 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
73,381
Jobs reachable by transit (45 min)
63,238

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
36
Nearest airport
Argonaut Airstrip (7 mi)
Nearest major airport
Memphis International Airport (MEM) (10 mi)
Hospitals nearby (~15 mi)
16
Hospitals include
BAPTIST MEMORIAL HOSPITAL DESOTO, METHODIST HEALTHCARE - OLIVE BRANCH HOSPITAL, PARKWOOD BEHAVIORAL HEALTH SYSTEM
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
1,979
Housing built before 1970
11.4%
Housing built 2000 or later
18.3%
Median annual property tax
$4,454
Mean commute to work
16 min
Households with broadband internet
86.7%

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 38138State medianUS median
Median home value$440,153$269,649$289,727
Median sale price$309,000$315,000$325,000
Median days on market54 days73 days51 days
Typical rent$2,342/mo$1,597/mo$1,808/mo
Median annual property tax$4,454$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 38138?
$440,153.
What is the median sale price in ZIP 38138?
$309,000.
How long do homes take to sell in ZIP 38138?
Median days on market: 54 days.
What is typical rent in ZIP 38138?
Typical rent: $2,342/month.
What is the natural-hazard risk in ZIP 38138?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, tornado, earthquake, heatWave, iceStorm.
Is ZIP 38138 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 38138?
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 38138?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 38138?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 38138?
7 schools (4 elementary, 1 middle, 1 high) (NCES, 2022-23).
Is ZIP 38138 walkable?
Walkability index: 6.5/20 (EPA Smart Location Database).
What is the air quality in ZIP 38138?
Moderate. Median AQI: 52. (EPA AQI).
What is the cost of living in ZIP 38138?
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 →

Data compiled by REAIGENT7 — AI listing platform for real estate agents