Memphis, 38116 Real Estate Overview


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

Average Listing Price

  • $51,988
  • for week ending Apr 22
  • -$5,007
  • -8.8%
  • w-o-w

Median Sales Price

  • $67,962
  • Jan '15 - Apr '15
  • $10,138
  • -13.0%
  • y-o-y

Summary for Memphis, 38116


The median sales price for homes in ZIP code 38116 in Memphis from Jan 15 to Apr 15 was $67,962 based on 30 sales. Compared to the same period one year ago, the median sales price decreased 13%, or $10,138, and the number of sales decreased 37.5%. Average price per square foot for homes in 38116 was $64, an increase of 42.2% compared to the same period last year. There are currently 42 resale and new homes in ZIP code 38116 on Trulia, including 62 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 $51,988 for the week ending Apr 22, which represents a decrease of 8.8%, or $5,007, compared to the prior week. Popular ZIP codes in Memphis include 38125 and 38117, with average listing prices of $181,099 and $216,639.


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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