The story of this market
The typical home in ZIP 38060 sells for about $425,000, or $168 per square foot.
Prices are down 4.55% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,661 a month.
ZIP 38060 — Oakland
The 38060 housing market remains stable, driven by demand for newer, larger family homes within commuting distance of Memphis. While inventory has increased slightly, the area continues to see steady interest from buyers seeking value outside the city center. Market conditions are currently balanced, with moderate price growth reflecting the area's ongoing development.
This ZIP is ideal for family buyers and commuters seeking larger, newer-construction homes at a lower price point than the inner Memphis suburbs, offering a quieter, rural-suburban lifestyle.
Median prices moved down 4.5% year over year.
Homes spend a median of 58 days on market with 5.6 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 5.6% — 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 9.7%/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 8.4%/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 38060, 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.
The area is served by the Fayette County School System, which generally maintains moderate performance ratings within the regional context.
The region is subject to standard Tennessee weather risks, including severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas.
Oakland is experiencing steady residential expansion as a bedroom community for the greater Memphis area, supported by infrastructure improvements along the Highway 64 corridor.
Property taxes are assessed by Fayette County and the local municipality; the rate structure includes standard county and school district levies without significant special district surcharges.
Residents primarily commute via Highway 64 toward the Memphis employment core, with typical drive times ranging from 35 to 50 minutes depending on traffic.
The area features local community parks and proximity to outdoor recreation in the surrounding Fayette County countryside, with basic retail and dining options located along the main highway.
The rental market is characterized by a high share of single-family home rentals, with moderate vacancy pressure and stable demand from families seeking suburban space.
The local economy is largely driven by the service sector, retail, and its role as a residential hub for the broader Memphis metropolitan area.
Development is focused on residential subdivision growth and supporting commercial infrastructure along the primary highway corridors.
Parcels are primarily subject to Fayette County and municipal tax jurisdictions.
Property insurance premiums are influenced by regional weather patterns, including wind and storm risk common to West Tennessee.
Data retrieved from US Census Bureau ZCTA profiles.
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.
- Dave & Buster's Memphis417 mi
- Urban Air Trampoline and Adventure Park4.217.3 mi
- Urban Air Trampoline and Adventure Park4.217.5 mi
- Monster Mini Golf Cordova4.617.5 mi
- Chuck E. Cheese4.117 mi
- Dave & Buster's Memphis417 mi
- India Cultural Center & Temple Inc.4.89.6 mi
- Agricenter International4.418 mi
- Delta Fair & Music Festival4.218.1 mi
- The Skybox Grill4.416.7 mi
- W.C. Johnson Park4.812.6 mi
- Playground of Dreams4.811.5 mi
- Peterson Lake Nature Center4.812.5 mi
- India Cultural Center & Temple Inc.4.89.6 mi
- West Tennessee Solar Exhibit4.516.1 mi
- W.C. Johnson Park4.812.6 mi
- Arlington Sports Complex4.612.3 mi
- Peterson Lake Nature Center4.812.5 mi
- Hughes-College Hill Park4.711.5 mi
- Spring Creek Ranch4.810.4 mi
- Fair Oaks Golf Club4.53.5 mi
- Frederick W. Smith International Airport4.229.2 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.
Concentrated retail and dining options along Highway 64.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.