Home Values

38632 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in 38632 is $107, which is higher than the Memphis Metro average of $77. The median price of homes currently listed in 38632 is $228,900 while the median price of homes that sold is $174,426. The median rent price in 38632 is $1,425, which is higher than the Memphis Metro median of $900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 38632 is 3.5%, which is lower than the national value of 6.9%. 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 38632 homeowners underwater on their mortgage is 19.8%, which is lower than Memphis Metro at 24.1%.

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Relative ZHVI
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38632 Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $228,900 Median listing price
  • No recent data Median sale price
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38632 Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 19.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.9 homes Memphis Metro
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
38116 $79,100
38118 $57,300
 

Listings & Sales

Data through Oct 31, 2014
  • $107 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.9% Listings with price cut
28.9%
Sold below listing
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38632 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,395 38632
    $1,063 Memphis Metro
    $1,337 United States

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

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,425 Rent list price
  • $0.88 Rent list price / sq ft
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