38114 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$33,400

  • -3.2% 1-year change
  • 2.3% 1-year forecast

The median home value in 38114 is $33,400. 38114 home values have declined -3.2% over the past year and Zillow predicts they will rise 2.3% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In 38114 6.8 homes are foreclosed (per 10,000). This is lower than the Memphis value of 10.7 and also greater than the national value of 3.6

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 38114 homeowners underwater on their mortgage is 38.5%, which is higher than Memphis at 26.5%.

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Relative ZHVI
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38114 Market Overview

Data through Jul 31, 2015
  • $33,400 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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38114 Market Health

Data through Jul 31, 2015
  • 3.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 38.5% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

7 38114
11 Memphis
4 United States
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Nearby Zip Codes

Name Median ZHVI
38104 $142,800
38116 $75,700
38111 $58,000
Name Median ZHVI
38112 $52,000
38126 $51,100
38105 $45,100
Name Median ZHVI
38106 $37,700
 
 

Listings & Sales

  • No data
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38114 Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $632 38114
    $855 Memphis
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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