ZIP comparison · Memphis, TN-MS-AR
38107 vs 38118
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 | ZIP38107Memphis, TN | ZIP38118Memphis, TN |
|---|---|---|
| Home value | ||
| Typical home value | $112,789 | Better: $125,683 |
| 1-year appreciation | -7.5% | Better: -1.6% |
| 5-year CAGR | Better: +3.1% | +3.0% |
| 10-year CAGR | Better: +8.5% | +8.2% |
| Rent & investment | ||
| Monthly rent | Better: $1,104 | $1,240 |
| Gross yield | 11.7% | Better: 11.8% |
| Cap rate | 7.0% | Better: 7.1% |
| Property tax | ||
| Effective tax rate | 1.1% | Better: 0.9% |
| Typical annual tax | $1,191 | Better: $1,098 |
| Demographics | ||
| Population | 13,912 | 39,107 |
| Median household income | $35,265 | Better: $43,446 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,630 | -4,630 |
| Schools | ||
| Public schools | 8 | 20 |
| Students enrolled | 2,283 | 7,807 |