The story of this market
The typical home in ZIP 38133 sells for about $322,600, or $179 per square foot.
Prices are down 8.85% 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 $1,504 a month.
ZIP 38133 — Bartlett
The 38133 housing market is experiencing a cooling phase characterized by declining home prices and a significant increase in active inventory. Buyers currently hold more leverage as supply outpaces demand, leading to longer days on market and a higher frequency of price cuts. This shift reflects broader regional trends in the Memphis area where market activity has slowed compared to previous years.
This ZIP is well-suited for family buyers and those seeking a balance between suburban residential space and access to Memphis-area employment hubs.
Median prices moved down 8.8% year over year.
Homes spend a median of 62 days on market with 2.4 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 7.5% — a stable, low-distress profile.
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 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38133, 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.
Property taxes are assessed by the Shelby County Assessor of Property based on fair market value, with a state-mandated assessment ratio applied to residential property.
Residents typically commute via major corridors toward the Memphis employment core, with average commute times reflecting regional traffic patterns.
The area features local parks and proximity to shopping and dining districts, including the Wolfchase area amenities.
The rental market shows a decline in activity with a 52.94% year-over-year drop in rental listings, suggesting tightening supply or shifting investor focus.
The local economy is anchored by the broader Memphis industrial and service sectors, with significant retail presence in the Wolfchase corridor.
Parcels are subject to Shelby County property tax levies and applicable municipal school district assessments.
Data retrieved from ZCTA-level census profiles and local market reports.
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.
Major retail and dining hub serving the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.