ZIP comparison · Memphis, TN-MS-AR
38016 vs 38018
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP38016Memphis, TN | ZIP38018Memphis, TN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $295,660 | $291,503 |
| 1-year appreciation | Better: -1.9% | -2.8% |
| 5-year CAGR | Better: +3.8% | +3.7% |
| 10-year CAGR | Better: +6.5% | +6.4% |
| Rent & investment | ||
| Monthly rent | Better: $1,601 | $1,799 |
| Gross yield | 6.5% | Better: 7.4% |
| Cap rate | 3.9% | Better: 4.4% |
| Property tax | ||
| Effective tax rate | 0.9% | Better: 0.6% |
| Typical annual tax | $2,750 | Better: $1,772 |
| Demographics | ||
| Population | 44,136 | 38,527 |
| Median household income | $76,569 | Better: $90,004 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,630 | -4,630 |
| Schools | ||
| Public schools | 6 | 4 |
| Students enrolled | 7,321 | 2,128 |