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38127, Memphis, TN Housing Market

Hyperlocal market intelligence for ZIP code 38127 in TN. Located in Shelby County, TN. Part of the Memphis, TN metro area.

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38127, Memphis, TN Housing Market Overview

PropertyIQ provides ZIP-code-level market intelligence for 38127, Memphis, TN — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By analyzing % Sold Above List, Median Days on Market, and Months of Supply specifically within ZIP code 38127, PropertyIQ predicts which micro-markets within TN are positioned to outperform.

Southeastern ZIP codes combine affordability with economic diversification across manufacturing, logistics, and services sectors. ZIP-level PropertyIQ scores reveal which specific neighborhoods within this fast-growing region are positioned to outperform their state peers in home price appreciation.

For 38127, Memphis, TN, PropertyIQ calculates a hyperlocal demand signal score updated monthly using the latest housing transaction data. A ZIP-level score above 50 means this specific area's demand dynamics are stronger than the state average. Unlike metro or county scores, ZIP-level analysis captures the true neighborhood-by-neighborhood variation in market performance.

Use PropertyIQ's analytics tools to evaluate 38127, Memphis, TN alongside other ZIP codes and investment opportunities. The interactive map, ZIP-level rankings, and AI-generated reports provide the hyperlocal market intelligence that separates informed decisions from guesswork.

38127, Memphis, TN is located in Shelby County, TN.

This ZIP code is part of the Memphis, TN metro area.

Last updated: 2026-04-05. Data from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA.