Memphis, TN 38115 - Real Estate Investment Insights & Performance Data

Welcome to our 38115 real estate data hub, tailored for investors in Memphis, TN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 38115 in Memphis, TN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SHELBY COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Memphis, TN real estate investing. Uncover the wealth of information available, and position yourself for success in the Memphis property market.

• Location Overview

  • Zip Code: 38115
  • City: Memphis
  • State: TN
  • Metro Area: Memphis, TN-MS-AR
  • County Name: SHELBY COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $171,838
  • Average Home Price (Single Family Homes): $174,727
  • Average Monthly Rental Price (All Types): $1,242
  • Price-to-Rent Ratio: 12
  • Zillow Projected % appreciation from 4/2023-4/2024: 2%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,070
  • Average 3 Bedroom Section 8 Rental Rates: $1,410
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 13.38
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 10.16
  • Number of Units Offered in Section 8 in the County: 8010
  • Number of Occupied Units in Section 8 in the County: 7368
  • Percentage of Section 8 Units Occupied in the County: 92%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 129.86
  • Total % Appreciation since 2000 (Government Data): 90.46
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.11%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.85%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 50.24%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.53%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 220.97%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 140.77%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 140.66%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.74%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.1%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 35.04%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 47.77%