Memphis, TN 38116 Multi-family Properties For Sale
The median home value in Memphis, TN 38116 is $156,200. This is lower than the county median home value of $206,500. The national median home value is $338,100. The average price of homes sold in Memphis, TN 38116 is $156,200. Approximately 36.35% of Memphis, TN 38116 homes are owned, compared to 45.31% rented, while 18.34% are vacant. Memphis, TN 38116 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Memphis, TN 38116 real estate agent to arrange a tour today!
Learn More About Memphis, TN 38116 Real EstateStatistics & facts
40,446
Population
$156K
Medium Home Value
15,105
# of Households
18.34%
Housing Vacancy
30.31%
Future Job Growth
3.50%
Unemployment Rate
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Population
Memphis, TN 38116 has a population of approximately 40,446 and experiences a population change rate of -20.77%. The population density is 2,127.6 / sq mi.
Household
The median household income for Memphis, TN 38116 is $38,862, with 15,105 households and an average household size of 2.68.
Cost of Living
The cost of living index in Memphis, TN 38116 is 87.9%.
Home Value
The median value of a home in Memphis, TN 38116 is $156,200 with an appreciation rate of 15.0%. 36.4% of housing in the zip code is owned while 45.3% is rented.
Employment
The unemployment rate in Memphis, TN 38116 is 3.50%, and recent job growth is at -0.42%. Future job growth is projected at 30.31%.
Taxes
The sales tax rate in Memphis, TN 38116 is 9.75%, while the income tax rate is 0.00%.
Education
School expenditures in Memphis, TN 38116 are $12,225, and the school ratio is 15.8:1.
Weather
The average high temperature in July is 90.9 degrees, with an average low temperature in January of 30.9 degrees. The average rainfall is approximately 54.1 inches per year, with 3.2 inches of snow per year.
Education near Memphis TN, 38116
| Metric | City | County |
|---|---|---|
| High School Graduates | 86.61 | 89.28 |
| College Degree - 2 year | 5.63 | 6.34 |
| College Degree - 4 year | 27.09 | 33.31 |
| Graduate Degree | 7.31 | 9.69 |
| Expenditures per Student | $12,225 | $12,225 |
| Students per Teacher | 15.80 | 15.80 |
Elementary Schools near Memphis TN , 38116
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Bluebird Learning Center | PK - PK | 0 | null | 38116 |
| Dubois Elementary School of Arts Technology | KG - 05 | 322 | 31.3 | 38116 |
| Gardenview Elementary | PK - 05 | 384 | 18.3 | 38116 |
| Holmes Road Elementary School | PK - 05 | 595 | 19.8 | 38116 |
| Oakshire Elementary | PK - 05 | 504 | 19.4 | 38116 |
| Robert R. Church Elementary School | PK - 05 | 741 | 16.5 | 38116 |
| Vision Preparatory Charter School | KG - 05 | 102 | 17 | 38116 |
| Whitehaven Elementary Stem School | PK - 05 | 535 | 18.8 | 38116 |
| Winchester Elementary | PK - 05 | 496 | 18.4 | 38116 |
Middle Schools near Memphis TN , 38116
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| A. Maceo Walker Middle School | 06 - 08 | 669 | 20.1 | 38116 |
| Dubois Middle School of Arts Technology | 06 - 08 | 220 | 27.2 | 38116 |
| Graves Elementary | KG - 07 | 0 | null | 38116 |
| Havenview Middle School | 06 - 08 | 719 | 21.1 | 38116 |
| Lanier Middle School | 06 - 08 | 0 | null | 38116 |
High Schools near Memphis TN , 38116
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Benjamin L. Hooks Job Corps Academy | 09 - 12 | 0 | null | 38116 |
| City University School of Independence | 09 - 12 | 0 | null | 38116 |
| Dubois High School of Arts Technology | 09 - 12 | 128 | 29.1 | 38116 |
| Hillcrest High School | 09 - 12 | 518 | 28.8 | 38116 |
| Pathways in Education - Whitehaven | 07 - 12 | 46 | 7.7 | 38116 |
| Whitehaven High School | 09 - 12 | 1852 | 19.6 | 38116 |
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