The story of this market
The typical home in ZIP 38039 sells for about $135,300, or $75 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $806 a month.
ZIP 38039 — Grand Junction
The housing market in 38039 is characterized by low inventory and slow turnover, reflecting its rural nature and limited economic growth. Prices remain affordable compared to the Memphis metro average, driven by a lack of new construction and a stable, long-term resident base. Market conditions are currently balanced with little upward or downward pressure on values.
This ZIP is best suited for budget-conscious families and individuals seeking rural living who are willing to endure long commutes for the affordability of homeownership.
Median prices moved down 2.1% year over year.
Homes spend a median of 64 days on market with 4.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.0% · poverty 23.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38039, Tennessee
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Grand Junction are generally lower than the broader Memphis metropolitan area, though rural isolation limits reporting density.
Schools serving the area are part of the Hardeman County School District, which faces challenges typical of rural Tennessee districts regarding funding and student performance.
The area is subject to standard regional risks including severe thunderstorms and occasional wind damage, with low to moderate flood risk in specific low-lying zones.
Economic momentum is limited, with the area serving primarily as a rural residential base rather than a hub for major corporate development or infrastructure expansion.
Property taxes are assessed at the county level by Hardeman and Fayette counties; the area lacks significant special district overlays like MUDs or PIDs.
Commuting is heavily car-dependent, with residents typically driving 45-60 minutes to reach major employment centers in the Memphis metro area.
Recreation is centered on rural outdoor activities, including local hunting, fishing, and proximity to the Ames Plantation, with limited commercial shopping within a 3-mile radius.
The rental market is thin with low turnover, primarily consisting of single-family homes; there is negligible short-term rental activity.
The local economy is largely agricultural and service-based, with most residents commuting to larger industrial or commercial hubs outside the immediate ZIP code.
Public transit is non-existent; the area relies entirely on private vehicle travel via state highways.
There are no major commercial or residential developments currently approved or under construction in the area.
Parcels are served by standard county-level utility and school districts with no specialized MUD or PID tax structures.
Property insurance premiums are stable but sensitive to regional severe weather events, particularly wind and storm damage.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Thousand Trails Cherokee Landing3.310.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, historic estate known for field trials and conservation land.
Small community park providing basic outdoor space for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.