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Memphis city, TN

ZIP 38125 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38125

Median Home Value
$230,400
Median Rent
$1,197
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,480/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38125 in Memphis city, TN, a household would need roughly $63,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,480. That sits below the local median household income ($83,184), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
52.0%-21% vs US avg
x
Vacancy Rate
5.4%-48% vs US avg
x
Broadband Access
97.4%+12% vs US avg
x
4+ Bedrooms
7.6%-49% vs US avg
x
Built Pre-1939
0.8%-93% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
20.7%-58% vs US avg
x
Mortgage-Free
16.6%-56% vs US avg
x
$230,400
Home Value
$1,197
Rent
1997
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.8%
  • 1-unit attached0.9%
  • 2-9 units17.6%
  • 10+ units17.3%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$230,400
Median rent$1,197
Owner-occupied52.0%
Vacant5.4%
Price-to-income2.8x
Est. income to buy$63,000