38116 Real Estate Market Overview

Could Memphis, TN 38116 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 38116. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 38116 such as Bartle...tt and Cordova. When you’re ready, Trulia has 73 resale and new homes in 38116 lined up for you, including open houses, and 129 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$80,000

Median Sales Price

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$44

Price Per Sqft

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$895

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 38116 show a 4% year-over-year rise in median sales price and a -4% drop in median rent per month.

Median Sales Price
The median sales price for homes in 38116 for Nov 23 to Feb 22 was $80,000 based on 43 home sales.
Price Per Square Ft.
Average price per square foot for 38116 was $44, a decrease of -6% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 38116 for Jan 16 to Feb 16 was $895.

Crime

Most frequent crimes in the past year

38116 has very low crime relative to the rest of Shelby County.

Knowing more about crime activity in and around 38116 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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1,228

Counts of Theft

1,182

Counts of Assault

517

Counts of Vandalism


Best Schools in 38116

There are 14 schools in 38116.

Elementary Schools
7

Oakshire Elementary School

Public, PK - 5

3

Whitehaven Elementary School

Public, PK - 6

2

Holmes Road Elementary School

Public, PK - 5

Middle Schools
2

A. Maceo Walker Middle School

Public, 6 - 8

1

Havenview Middle School

Public, 6 - 8

N/A

Lanier Middle School

Public, 6 - 8

High Schools
3

Whitehaven High School

Public, 9 - 12

1

Hillcrest High School

Public, 9 - 12

N/A

Benjamin L. Hooks Job Corps Academy

Public, 9 - 12


Demographics

Get to know your neighbors in 38116 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
35%
Single residents
Home owners
51%
Home owners
Median age
31
Median age
Household income
$38,040
Median household income
College educated
21%
College educated

Commute

Most people in 38116 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
97% commute by car
0% commute by bike
3% commute by public transportation
0% commute by foot

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