Welcome to our 38125 real estate data hub, tailored for investors in , 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 38125 in , 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 , TN real estate investing. Uncover the wealth of information available, and position yourself for success in the property market.
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Location Overview
- Zip Code: 38125
- City:
- State: TN
- Metro Area: Memphis, TN-MS-AR
- County Name: SHELBY COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $283,851
- Average Home Price (Single Family Homes): $282,964
- Average Monthly Rental Price (All Types): $1,570
- Price-to-Rent Ratio: 15
- Zillow Projected % appreciation from 4/2023-4/2024: 2.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,260
- Average 3 Bedroom Section 8 Rental Rates: $1,670
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.77
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.16
- 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%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 124.65
- Total % Appreciation since 2000 (Government Data): 80.28
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.87%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.93%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.99%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 55.9%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 109.94%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.31%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 66.01%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.56%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.01%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 36.48%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 46.15%