The story of this market
The typical home in ZIP 38135 sells for about $319,900, or $165 per square foot.
Prices are down 5.28% from a year ago, which gives buyers more room to negotiate. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $1,702 a month.
ZIP 38135 — Bartlett
The 38135 housing market is currently experiencing a period of price correction, with median sale prices down year-over-year as inventory levels rise. Despite this, the area remains a desirable suburban destination due to its strong school district and relative affordability compared to national averages. Market activity is driven by steady demand from families, though buyers are exercising more patience as supply increases.
This ZIP is ideal for family buyers and professionals seeking a suburban lifestyle with access to quality schools and a shorter commute to Memphis, while offering more space than the urban core.
Median prices moved down 5.3% year over year.
Homes spend a median of 53 days on market with 3.2 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 7.7% — 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 7.6%/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 7.2%/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 38135, 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.
The area generally experiences lower crime rates compared to the broader Memphis urban core, benefiting from its suburban character within Bartlett. Reported trends remain stable, though residents should monitor localized neighborhood statistics.
Schools serving this ZIP are primarily part of the Bartlett City Schools district, which is generally regarded as providing higher-quality educational outcomes compared to the surrounding Memphis-Shelby County district.
The area is subject to standard regional risks including severe thunderstorms and occasional wind events; flood risk is generally low but varies by specific parcel proximity to local drainage basins.
Economic momentum is driven by its proximity to major logistics and healthcare hubs in the Memphis metro area, with steady residential development and retail expansion along the I-40 corridor.
Property taxes are assessed by the Shelby County Assessor; the jurisdiction includes municipal taxes for Bartlett and specific school district levies, with no state-level personal income tax on wages.
Residents primarily commute via I-40 or Highway 64, providing direct access to downtown Memphis and the regional employment centers in approximately 20-30 minutes.
The area features access to several local parks and green spaces, including proximity to the Bartlett Recreation Center and various community trails, with major shopping centers located along the Stage Road corridor.
The rental market is characterized by steady demand from families and professionals, with vacancy rates remaining low and rents showing slight stabilization after recent growth periods.
The economy is anchored by the broader Memphis logistics and distribution sector, with significant employment in healthcare, education, and retail services within the Bartlett area.
Transportation is heavily reliant on private vehicles, with I-40 serving as the primary artery for regional connectivity.
Development is focused on maintaining suburban density while upgrading infrastructure along major thoroughfares to accommodate regional growth.
The Shelby County Assessor of Property manages assessments, with reappraisals occurring on a multi-year cycle to reflect market value changes.
Parcels are subject to Bartlett City Schools district taxes and various municipal utility district assessments.
Property insurance premiums are influenced by regional exposure to severe weather, with standard coverage requirements for wind and hail.
Data retrieved from data.census.gov 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.
Provides extensive fitness facilities, pools, and community programming.
Large community park with sports fields, walking trails, and picnic areas.
Primary commercial artery featuring diverse retail and restaurant options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.