Memphis area rankings: ZIP codes and suburbs by home value, rent and income
September 2026 figures from Zillow and the U.S. Census Bureau · Memphis, TN-MS-AR metro area · updated 2026-11-15
Typical home value
$242,000
+0.1% in a year · U.S.: $366,000
Typical rent
$1,393
+1.1% in a year · U.S.: $1,932
Median household income
$66,401
U.S.: $80,734
Population
1,341,412
Census estimate, July 2025
13 rankings for the Memphis area
- Cheapest ZIP codes in the Memphis areaFirst place: ZIP code 38106 (Memphis, TN): $54,692 · 69 ZIP codes listed
- Most expensive ZIP codes in the Memphis areaFirst place: ZIP code 38028 (Eads, TN): $599,000 · 69 ZIP codes listed
- Where home prices are falling in the Memphis areaFirst place: ZIP code 38112 (Memphis, TN): −8.4% · 31 ZIP codes listed
- Where home prices are rising fastest in the Memphis areaFirst place: ZIP code 38642 (Lamar, MS): +8.2% · 37 ZIP codes listed
- Cheapest rent in the Memphis area, by ZIP codeFirst place: ZIP code 38106 (Memphis, TN): $908 · 40 ZIP codes listed
- Highest rent in the Memphis area, by ZIP codeFirst place: ZIP code 38672 (Southaven, MS): $2,304 · 40 ZIP codes listed
- Where rents are falling in the Memphis areaFirst place: ZIP code 38135 (Bartlett, TN): −3.2% · 7 ZIP codes listed
- Where rents are rising fastest in the Memphis areaFirst place: ZIP code 38108 (Memphis, TN): +7.4% · 27 ZIP codes listed
- Richest ZIP codes in the Memphis area, by household incomeFirst place: ZIP code 38139 (Germantown, TN): $178,661 · 69 ZIP codes listed
- Cheapest suburbs of MemphisFirst place: West Memphis, AR: $131,000 · 18 suburbs listed
- Most expensive suburbs of MemphisFirst place: Collierville, TN: $503,000 · 18 suburbs listed
- Richest suburbs of Memphis, by household incomeFirst place: Germantown, TN: $149,920 · 18 suburbs listed
- Largest suburbs of Memphis, by populationFirst place: Bartlett, TN: 56,876 · 18 suburbs listed
Place pages
Rankings for other metro areas
- New York, NY
- Los Angeles, CA
- Chicago, IL
- Dallas, TX
- Houston, TX
- Atlanta, GA
- Washington, DC
- Miami, FL
- Philadelphia, PA
- Phoenix, AZ
- Boston, MA
- Riverside, CA
- San Francisco, CA
- Detroit, MI
- Seattle, WA
- Minneapolis, MN
- Tampa, FL
- San Diego, CA
- Denver, CO
- Orlando, FL
- Charlotte, NC
- Baltimore, MD
- St. Louis, MO
- San Antonio, TX
- Austin, TX
- Portland, OR
- Sacramento, CA
- Pittsburgh, PA
- Las Vegas, NV
- Cincinnati, OH
- Kansas City, MO
- Columbus, OH
- Indianapolis, IN
- Nashville, TN
- Cleveland, OH
- San Jose, CA
- Virginia Beach, VA
- Jacksonville, FL
- Providence, RI
- Raleigh, NC
- Milwaukee, WI
- Oklahoma City, OK
- Louisville, KY
- Richmond, VA
- Salt Lake City, UT
- Fresno, CA
- Birmingham, AL
- Grand Rapids, MI
- Buffalo, NY
Sources
Home values: Zillow ZHVI (Sep 2026). Rents: Zillow ZORI (Sep 2026), seasonally adjusted (Zillow). Income and the population of ZIP codes, cities and towns: U.S. Census Bureau, ACS 2020–24 5-year estimates. ZIP codes with fewer than 1,000 residents and cities or towns with fewer than 5,000 are not ranked. Compiled by Home Economics.