ZIP comparison · Memphis, TN-MS-AR
38016 vs 38068
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 | ZIP38068Somerville, TN |
|---|---|---|
| Home value | ||
| Typical home value | $295,660 | Better: $302,487 |
| 1-year appreciation | -1.9% | Better: +4.4% |
| 5-year CAGR | +3.8% | Better: +6.0% |
| 10-year CAGR | +6.5% | Better: +6.9% |
| Rent & investment | ||
| Monthly rent | $1,601 | — |
| Gross yield | 6.5% | — |
| Cap rate | 3.9% | — |
| Property tax | ||
| Effective tax rate | 0.9% | Better: 0.3% |
| Typical annual tax | $2,750 | Better: $929 |
| Demographics | ||
| Population | 44,136 | 10,427 |
| Median household income | Better: $76,569 | $64,732 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively Low |
| Net migration | -4,630 | Better: +345 |
| Schools | ||
| Public schools | 6 | 4 |
| Students enrolled | 7,321 | 1,644 |