38133, Memphis, TN Housing Market

ZIP code 38133's median home value is $277K, up 1.9% over the past year. Homes here sell in a median 43 days. Its PropertyIQ Score of 20 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

PropertyIQ provides ZIP-code-level market intelligence for 38133, Memphis, TN — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By tracking Zillow home-value momentum alongside Realtor.com market-flow signals — median days on market and the share of listings with price cuts — specifically within ZIP code 38133, 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. Within the Southeast, ZIP code 38133's PropertyIQ Score of 20 runs below the Southeast norm.

For 38133, Memphis, TN, PropertyIQ updates a hyperlocal score each month from four signals: twelve-month and three-month Zillow home-value momentum, Realtor.com median days on market, and the Realtor.com share of price-reduced listings. The score is computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a value above 50 means this ZIP's demand dynamics read stronger than its state. ZIP-level analysis captures neighborhood variation that county and metro scores smooth over.

Explore 38133, Memphis, TN's full market profile including ZIP-level score trends, home value data, and comparisons with neighboring ZIP codes. Use the interactive map to visualize demand signals across the area and identify hyperlocal investment opportunities.