The story of this market
The typical home in ZIP 38036 sells for about $314,245, or $155 per square foot.
Prices are up +4.7% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $686 a month.
ZIP 38036 — Gallaway
The Memphis market, including ZIP 38036, is currently experiencing a balanced environment with rising inventory levels. While closed sale prices have seen a modest year-over-year increase, the high share of listings with price cuts suggests sellers are adjusting to buyer expectations. Market data reflects the broader Memphis metropolitan area as specific ZCTA-level real-time sales metrics are not independently published.
Median prices moved up 4.7% year over year.
Homes spend a median of 64 days on market with 4.6 months of supply — a balanced-paced market.
25% of listings have cut prices · homes sell at 97.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 33.3% · poverty 12.1% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38036, 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.
Data retrieved from data.census.gov ZCTA-level tables.
- Dave & Buster's Memphis413.1 mi
- K1 Speed Memphis4.716.7 mi
- Urban Air Trampoline and Adventure Park4.215.9 mi
- Jumping World4.117.2 mi
- Monster Mini Golf Cordova4.616.1 mi
- Dave & Buster's Memphis413.1 mi
- India Cultural Center & Temple Inc.4.88.5 mi
- K1 Speed Memphis4.716.7 mi
- Lucky Strike Bartlett4.315.6 mi
- Agricenter International4.417.1 mi
- Malco Stage Cinema & Grill4.513 mi
- Playground of Dreams4.83.3 mi
- Malco Wolfchase Cinema Grill4.312.8 mi
- Davies Plantation Park4.610.7 mi
- International Harvester Managerial Park4.68.9 mi
- India Cultural Center & Temple Inc.4.88.5 mi
- West Tennessee Solar Exhibit4.514.2 mi
- Tipton County Museum4.816.1 mi
- Memphis Funeral Home & Memorial Gardens4.811.8 mi
- Davies Plantation Park4.610.7 mi
- Arlington Sports Complex4.65 mi
- International Harvester Managerial Park4.68.9 mi
- Walker Park Splash Pad4.711.6 mi
- Lakeland Golf Club3.710.6 mi
- Fair Oaks Golf Club4.58.5 mi
- Wolfchase Galleria4.212.8 mi
- Macy's4.212.8 mi
- Sprouts Farmers Market4.511.5 mi
- Wolfchase Honda4.612.7 mi
- Dillard's4.412.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.