ZIP comparison · Memphis, TN-MS-AR
38118 vs 38122
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 | ZIP38118Memphis, TN | ZIP38122Memphis, TN |
|---|---|---|
| Home value | ||
| Typical home value | $125,683 | Better: $126,616 |
| 1-year appreciation | Better: -1.6% | -2.8% |
| 5-year CAGR | +3.0% | Better: +4.6% |
| 10-year CAGR | +8.2% | Better: +8.7% |
| Rent & investment | ||
| Monthly rent | $1,240 | Better: $1,156 |
| Gross yield | Better: 11.8% | 11.0% |
| Cap rate | Better: 7.1% | 6.6% |
| Property tax | ||
| Effective tax rate | Better: 0.9% | 1.0% |
| Typical annual tax | Better: $1,098 | $1,297 |
| Demographics | ||
| Population | 39,107 | 26,021 |
| Median household income | $43,446 | Better: $48,710 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,630 | -4,630 |
| Schools | ||
| Public schools | 20 | 9 |
| Students enrolled | 7,807 | 5,438 |