ZIP comparison · Memphis, TN-MS-AR
38016 vs 38119
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 | ZIP38119Memphis, TN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $295,660 | $295,067 |
| 1-year appreciation | -1.9% | Better: -0.9% |
| 5-year CAGR | Better: +3.8% | +3.1% |
| 10-year CAGR | Better: +6.5% | +6.0% |
| Rent & investment | ||
| Monthly rent | $1,601 | Better: $1,528 |
| Gross yield | Better: 6.5% | 6.2% |
| Cap rate | Better: 3.9% | 3.7% |
| Property tax | ||
| Effective tax rate | Better: 0.9% | 1.3% |
| Typical annual tax | Better: $2,750 | $3,766 |
| Demographics | ||
| Population | 44,136 | 23,464 |
| Median household income | $76,569 | Better: $89,289 |
| 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 | 2,051 |