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38161, Memphis, TN Housing Market

Hyperlocal market intelligence for ZIP code 38161 in TN. Located in Shelby County, TN. Part of the Memphis, TN metro area.

PropertyIQ Score

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38161, Memphis, TN Housing Market Overview

The 38161, Memphis, TN housing market operates at a level of granularity that broader geographic analyses miss entirely. PropertyIQ's ZIP-level scoring for 38161 captures neighborhood-specific demand patterns within TN, revealing micro-market trends that metro and county data average away. This hyperlocal intelligence is critical for making precise investment and homebuying decisions.

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.

The PropertyIQ Score for 38161, Memphis, TN is built on three proven demand indicators measured at the ZIP-code level. When homes in this ZIP code sell above asking price, sell quickly, and local supply is tight, the score rises — signaling a micro-market outperforming its state peers. This ZIP-level precision captures neighborhood dynamics that county and metro scores smooth over.

View 38161, Memphis, TN's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.

38161, 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.