Memphis, TN 38118 Multi-family Properties For Sale
The median home value in Memphis, TN 38118 is $124,500. 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 38118 is $124,500. Approximately 33.96% of Memphis, TN 38118 homes are owned, compared to 45.87% rented, while 20.17% are vacant. Memphis, TN 38118 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 38118 real estate agent to arrange a tour today!
Learn More About Memphis, TN 38118 Real EstateStatistics & facts
38,973
Population
$124K
Medium Home Value
12,665
# of Households
20.16%
Housing Vacancy
30.31%
Future Job Growth
3.50%
Unemployment Rate
For Sale
$2,655,062
2
ba
3600 E Main Street
Richmond, IN 47374
Listing Courtesy of: DAVE CASH - REMAX R.E.A. 812-235-4433
For Sale
$9,500,000
2147 N Hwy 35
Richmond, IN 47374
Listing Courtesy of: Indiana Regional MLS Paul Faddis
For Sale
$349,900
36 S 9th Street
Richmond, IN 47374
Listing Courtesy of: Indiana Regional MLS Paul Faddis
For Sale
$399,999
1,500
sqft
1307 Sheridan Street
Richmond, IN 47374
Listing Courtesy of: Amanpreet Cheema - F.C. Tucker Company 317-570-3800
For Sale
$960,000
1500 N E Street
Richmond, IN 47374
Listing Courtesy of: Indiana Regional MLS Paul Faddis
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. Copyright 2025 Terre Haute Area Association of REALTORS, Inc. All rights reserved.
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. Copyright 2025 Terre Haute Area Association of REALTORS, Inc. All rights reserved.
All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. Copyright 2025 Terre Haute Area Association of REALTORS, Inc. All rights reserved.
Population
Memphis, TN 38118 has a population of approximately 38,973 and experiences a population change rate of -17.41%. The population density is 1,249 / sq mi.
Household
The median household income for Memphis, TN 38118 is $38,589, with 12,665 households and an average household size of 3.05.
Cost of Living
The cost of living index in Memphis, TN 38118 is 84.6%.
Home Value
The median value of a home in Memphis, TN 38118 is $124,500 with an appreciation rate of 15.0%. 34.0% of housing in the zip code is owned while 45.9% is rented.
Employment
The unemployment rate in Memphis, TN 38118 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 38118 is 9.75%, while the income tax rate is 0.00%.
Education
School expenditures in Memphis, TN 38118 are $12,225, and the school ratio is 15.8:1.
Weather
The average high temperature in July is 91 degrees, with an average low temperature in January of 30.7 degrees. The average rainfall is approximately 54.6 inches per year, with 3 inches of snow per year.
Education near Memphis TN, 38118
| 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 , 38118
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Belle Forest Community School | PK - 05 | 1153 | 20.9 | 38115 |
| Cromwell Elementary | KG - 05 | 511 | 16.5 | 38118 |
| Crump Elementary | PK - 05 | 775 | 15.2 | 38141 |
| Evans Elementary | PK - 05 | 448 | 16.7 | 38118 |
| Fox Meadows Elementary | PK - 05 | 700 | 17.8 | 38115 |
| Getwell Elementary School | PK - 05 | 435 | 17.5 | 38118 |
| Goodlett Elementary | PK - 05 | 495 | 17.1 | 38118 |
| Hickory Ridge Elementary School | PK - 05 | 865 | 17.1 | 38115 |
| Holmes Road Elementary School | PK - 05 | 595 | 19.8 | 38116 |
| Hooks Dimmick Child Care Center | PK - PK | 0 | null | 38118 |
| Knight Road Elementary | PK - 05 | 516 | 17.8 | 38118 |
| Newberry Elementary | PK - 05 | 430 | 15.4 | 38118 |
| Oakhaven Elementary | PK - 05 | 620 | 18.2 | 38118 |
| Oakshire Elementary | PK - 05 | 504 | 19.4 | 38116 |
| Robert R. Church Elementary School | PK - 05 | 741 | 16.5 | 38116 |
| Ross Elementary | PK - 05 | 1004 | 18.9 | 38141 |
| Sheffield Elementary | PK - 05 | 581 | 20.4 | 38118 |
| Whitehaven Elementary Stem School | PK - 05 | 535 | 18.8 | 38116 |
| Winchester Elementary | PK - 05 | 496 | 18.4 | 38116 |
| Winridge Elementary School | PK - 05 | 528 | 16.6 | 38115 |
Middle Schools near Memphis TN , 38118
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Airways Middle School | 06 - 08 | 302 | 11.1 | 38118 |
| American Way Middle | 06 - 09 | 705 | 20.1 | 38118 |
| Colonial Middle School | 06 - 08 | 1092 | 17.4 | 38117 |
| Cordova Middle School | 06 - 08 | 780 | 20.5 | 38118 |
| Hickory Ridge Middle School | 06 - 08 | 902 | 19 | 38115 |
| Highland Oaks Middle | 06 - 08 | 786 | 20.1 | 38125 |
| Kate Bond Middle | 06 - 08 | 1213 | 20.6 | 38133 |
| Kirby Middle School | 06 - 08 | 598 | 23 | 38115 |
| MCS Prep. School - Southeast | 09 - 12 | 0 | null | 38115 |
| Power Center Academy Middle | 06 - 08 | 405 | 24.9 | 38115 |
| White Station Middle School | 06 - 08 | 1312 | 18.2 | 38120 |
| Wooddale Middle | 06 - 08 | 714 | 23.1 | 38118 |
High Schools near Memphis TN , 38118
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Bolton High School | 09 - 12 | 1878 | 20.3 | 38002 |
| Central High School | 09 - 12 | 1635 | 21.5 | 38104 |
| Cordova High School | 09 - 12 | 2039 | 21 | 38016 |
| Germantown High School | 09 - 12 | 2001 | 21.9 | 38138 |
| Kirby High School | 09 - 12 | 1135 | 19.9 | 38115 |
| Oakhaven High School | 09 - 12 | 421 | 21.1 | 38118 |
| Power Center Academy High School | 09 - 12 | 566 | 18.5 | 38115 |
| Sheffield High School | 09 - 12 | 789 | 18 | 38118 |
| Southwind High School | 09 - 12 | 1641 | 22.9 | 38125 |
| White Station High School | 08 - 12 | 2330 | 22.8 | 38117 |
| Whitehaven High School | 09 - 12 | 1852 | 19.6 | 38116 |
| Wooddale High School | 09 - 12 | 1189 | 17.8 | 38118 |
Ungraded Schools near Memphis TN , 38118
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| * East Career Technology Center | 07 - 12 | 0 | 0 | 38111 |
| * Kansas Career and Technical Center | 09 - 12 | 0 | null | 38106 |
| * Kingsbury Vocational School | 10 - 12 | 0 | 0 | 38122 |
| * Memphis Adult High School | 09 - 12 | 362 | 36.2 | 38111 |
| * Sheffield Career and Technical Center | 10 - 12 | 0 | 0 | 38118 |
| * Southwest Career and Technical School | 10 - 12 | 0 | 0 | 38109 |
| * Trezevant Career and Technical School | 09 - 12 | 0 | 0 | 38127 |
| Avon Lenox School | KG - 12 | 137 | 10.5 | 38117 |
| Freedom Preparatory Academy | 06 - 10 | 472 | 18.1 | 38109 |
| Martin Luther King Transition Center | KG - 12 | 867 | 86.7 | 38126 |
| Memphis Academy of Science Engineering Middle/High | 06 - 12 | 389 | 21.6 | 38103 |
| Memphis Rise Academy | 06 - 12 | 95 | 19 | 38122 |
| Memphis School of Excellence | 06 - 12 | 452 | 19.1 | 38141 |
| Memphis Virtual School | 06 - 12 | 97 | 8.1 | 38108 |
| New Consortium of Law and Business | 06 - 12 | 219 | 14.4 | 38134 |
| Shrine School | PK - 12 | 133 | 9.5 | 38118 |
| Snowden School | PK - 10 | 1529 | 17.8 | 38112 |
| Soulsville Charter School | 06 - 12 | 632 | 14.7 | 38106 |
| Woodstock High School | 06 - 10 | 339 | 20.1 | 38053 |
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