Real Estate Overview for Memphis, 38116


  • Crime
  • Schools
  • Commute
  • Amenities
  • Affordability
  • Demographics
  • Hazards

Average Listing Price

  • $49,452
  • for week ending Jul 01
  • -$2,578
  • -5.0%
  • w-o-w

Median Sales Price

  • $75,700
  • Apr '15 - Jul '15
  • $2,100
  • -2.7%
  • y-o-y

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Most popular zip codes Avg. listing Price
Week ending Jul 1
w-o-w
38017 $381,197 -1.4%
38125 $173,551 -4.1%
38016 $197,984 -1.9%
38002 $288,689 +1.2%
38018 $184,397 -1.9%
Movers & Shakers Avg. listing price
Week ending Jul 1
w-o-w
38126 $16,000 -82.7%
38112 $230,837 +27.0%
38118 $44,724 -14.5%
38114 $37,277 -14.1%
38108 $32,285 +12.5%
View Shelby County Home Prices Map

Summary for Memphis, 38116


The median sales price for homes in ZIP code 38116 in Memphis from Apr 15 to Jul 15 was $75,700 based on 39 sales. Compared to the same period one year ago, the median sales price decreased 2.7%, or $2,100, and the number of sales increased 8.3%. Average price per square foot for homes in 38116 was $42, a decrease of 4.5% compared to the same period last year. There are currently 37 resale and new homes in ZIP code 38116 on Trulia, including 40 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 38116 was $49,452 for the week ending Jul 01, which represents a decrease of 5%, or $2,578, compared to the prior week. Popular ZIP codes in Memphis include 38125 and 38117, with average listing prices of $173,551 and $216,941.


District Type Grades Schools Students
Shelby County Public PK - 12 51 46,016
Memphis Public PK - 12 217 117,395
School Name School Type Grades Parent Rating
Frederick Douglas Wesson Christian Academy Private PK - 3
Holmes Road Elementary School Public PK - 5
Robert R. Church Elementary School Public PK - 5
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Homes for Sale in 38116
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