The story of this market
The typical home in ZIP 38108 sells for about $70,295, or $71 per square foot.
Prices are down 5.5% from a year ago, which gives buyers more room to negotiate. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $902 a month.
ZIP 38108 — Memphis
The 38108 housing market is characterized by low price points and a year-over-year decline in median home values. Market activity remains limited, with a focus on affordability rather than appreciation.
This area primarily serves budget-conscious buyers and investors seeking low-entry-point properties in the Memphis market.
Median prices moved down 5.5% year over year.
Homes spend a median of 31 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.7% · poverty 28.5% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38108, 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 sourced from Data Commons and Census Bureau estimates.
- Dave & Buster's Memphis49.9 mi
- K1 Speed Memphis4.76.6 mi
- Urban Air Trampoline and Adventure Park4.210.1 mi
- Jumping World4.16.3 mi
- Urban Air Trampoline and Adventure Park4.217.8 mi
- Memphis Zoo4.62.4 mi
- FedExForum4.75.4 mi
- Crosstown Concourse4.73.1 mi
- Renasant Convention Center4.55 mi
- B.B. King's Blues Club4.65.5 mi
- Graceland4.59.5 mi
- Memphis Zoo4.62.4 mi
- National Civil Rights Museum4.95.9 mi
- Malco Paradiso4.55.9 mi
- Shelby Farms Park4.88.1 mi
- Graceland4.59.5 mi
- National Civil Rights Museum4.95.9 mi
- Crosstown Concourse4.73.1 mi
- Sun Studio4.84.7 mi
- Lorraine Motel4.95.9 mi
- Shelby Farms Park4.88.1 mi
- Memphis Botanic Garden4.75.3 mi
- Tom Lee Park4.66.1 mi
- Overton Park4.62.4 mi
- Meeman-Shelby Forest State Park4.612.1 mi
- Topgolf Memphis3.512.2 mi
- Mirimichi Golf Course4.48.1 mi
- The Links at Audubon4.25.2 mi
- Links At Galloway Golf Course4.33.6 mi
- The Links at Fox Meadows4.29.3 mi
- Wolfchase Galleria4.210.3 mi
- Nordstrom Rack4.15.1 mi
- Winchester Farmers Market4.311.1 mi
- Burlington3.86.3 mi
- T.J. Maxx4.310.7 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.