The story of this market
The typical home in ZIP 38057 sells for about $269,000, or $145 per square foot.
Prices are down 32.6% 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 $857 a month.
ZIP 38057 — Moscow
The 38057 housing market is experiencing a significant correction, with median prices falling over 30% year-over-year as inventory levels rise. Buyers currently hold the leverage in this rural-suburban market, as homes are staying on the market longer and sellers are increasingly forced to adjust pricing. The trend reflects a broader cooling in the Memphis regional market, driven by increased supply and shifting buyer demand.
This ZIP is best suited for families and individuals seeking a quieter, rural-suburban lifestyle who are willing to commute to the Memphis metro area for employment.
Median prices moved down 32.6% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.2% · poverty 13.4% — 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 5.6%/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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 38057, Fayette 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.
Schools serving the area are primarily managed by the Fayette County School System, with performance ratings varying by specific campus.
The area faces moderate risk from severe weather events common to West Tennessee, including wind and occasional flooding in low-lying zones.
Economic momentum is largely tied to the broader Memphis metropolitan area, with local development focused on residential expansion and rural-to-suburban transition.
Property taxes are assessed by Fayette County based on local millage rates; there are no state-level personal income taxes on wages in Tennessee.
Residents primarily rely on personal vehicles for commutes, with travel times to the Memphis employment core typically exceeding 40 minutes.
Local recreation is characterized by rural landscapes, open spaces, and proximity to regional parks and outdoor activities in Fayette County.
The rental market is relatively thin with limited multi-family inventory, primarily consisting of single-family home rentals.
The economy is largely driven by agriculture, logistics, and services, with many residents commuting to the Memphis metro area for major employment.
Transportation is heavily dependent on highway corridors like US-64 and TN-57 for access to the broader region.
Development is primarily focused on low-density residential projects and infrastructure improvements to support rural growth.
Fayette County assesses property based on fair market value with a state-mandated assessment ratio for residential property.
Parcels are subject to Fayette County school taxes and various utility district assessments.
Property insurance premiums are influenced by regional exposure to severe storms and wind, consistent with the broader West Tennessee market.
Data retrieved from U.S. 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.
- Urban Air Trampoline and Adventure Park4.219.4 mi
- India Cultural Center & Temple Inc.4.818.9 mi
- India Cultural Center & Temple Inc.4.818.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and community recreational facilities.
Offers regional opportunities for fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.