38114 Real Estate Market Overview

Could Memphis, TN 38114 be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about 38114. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 38114 such as Bartle...tt and Cordova. When you’re ready, Trulia has 48 resale and new homes in 38114 lined up for you, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$27,500

Median Sales Price

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$44

Price Per Sqft

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$625

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 38114 show a -80% year-over-year drop in median sales price and a 0% rise in median rent per month.

Median Sales Price
The median sales price for homes in 38114 for May 24 to Aug 23 was $27,500 based on 17 home sales.
Price Per Square Ft.
Average price per square foot for 38114 was $44, a decrease of -34% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 38114 for Jul 24 to Aug 24 was $625.

Crime

Most frequent crimes in the past year

38114 has low crime relative to the rest of Shelby County.

Knowing more about crime activity in and around 38114 can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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1,935

Counts of Assault

1,043

Counts of Theft

738

Counts of Vandalism


Best Schools in 38114

There are 12 schools in 38114.

Elementary Schools
6

Cherokee Elementary School

Public, PK-5

3

Rozelle Elementary School

Public, K-5

3

Charjean Elementary School

Public, K-5

Middle Schools
1

Airways Middle School

Public, 6-8

N/A

Natural Learning School

Private, PK-8

High Schools
2

Melrose High School

Public, 9-12


Demographics

Get to know your neighbors in 38114 by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
42%
Single residents
Home owners
52%
Home owners
Median age
38
Median age
Household income
$23,479
Median household income
College educated
11%
College educated

Commute

Most people in 38114 commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
89% commute by car
0% commute by bike
8% commute by public transportation
0% commute by foot

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