The story of this market
The typical home in ZIP 38049 sells for about $210,000, or $196 per square foot.
Prices are down 15% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $887 a month.
ZIP 38049 — Braden
The market in 38049 is characterized by low turnover and a reliance on large-tract land sales rather than traditional residential housing. While the broader Memphis market has seen significant price corrections and inventory growth, this rural ZIP remains stable but slow-moving. Buyers here are primarily seeking acreage, and the lack of urban infrastructure keeps the market distinct from the suburban Memphis core.
This area is best suited for buyers seeking rural land, large acreage, or quiet, small-town living, rather than commuters or those requiring immediate access to urban amenities.
Median prices moved down 15.0% year over year.
Homes spend a median of 62 days on market with 5.1 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 12.4% — a stable, low-distress 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 5.9%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38049, 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.
The area is experiencing significant industrial interest due to proximity to major regional developments, though it remains a small, rural-leaning community.
Property taxes are assessed at the county level in Tipton and Fayette counties; rates are determined by local municipal and county levies.
Commutes are significantly longer than the national average, averaging over 31 minutes, with no public transit options available.
Recreation is limited to rural outdoor activities; shopping and major dining options are primarily located in neighboring suburban hubs.
The rental market is characterized by limited inventory and lower-density housing options, with demand driven by local workforce needs.
The local economy is primarily agricultural and rural-industrial, with residents often commuting to the broader Memphis metropolitan area for employment.
Transportation is entirely dependent on private vehicles, with no public transit infrastructure serving the area.
Development is largely focused on large-tract land sales and industrial-adjacent projects.
Parcels are subject to county-level school and general service district taxes.
Insurance premiums are influenced by rural fire protection ratings and regional weather patterns.
Data retrieved from US 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.
Expansive rural acreage and open space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.