Cooper Young, Memphis, TN—38104
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cooper Young, Memphis, TN
As of Oct '25, the median home price in Cooper Young, Memphis, TN is $257,000, with a year-over-year change of -3.2%. This indicates that home prices in Cooper Young, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | -3.3% |
| Single Family | $275,000 | -3.2% |
| Condos | $122,000 | -6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $118,000 | 12.4% |
2 Bed | $196,000 | -1.0% |
3 Bed | $283,000 | -3.1% |
4 Bed | $396,000 | -1.2% |
| 5 Bed | $452,000 | -1.7% |
% of Housing Stock
Rental Trends — Cooper Young, Memphis, TN
As of July '25, Rentcast reports the average rent in Cooper Young, Memphis, TN is $1,410, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Cooper Young, Memphis, TN is studios: $1,010, 1-bedrooms: $1,030, 2-bedrooms: $1,260, 3-bedrooms: $2,140, 4-bedrooms: $2,510. The most common rental property sizes in Cooper Young, Memphis, TN are 1-bedroom and 2-bedroom, accounting for 44.9% and 39.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,410 |
| Studio Rent | $999 | $1,010 |
| 1 Bed Rent | $895 | $1,030 |
| 2 Bed Rent | $1,200 | $1,260 |
| 3 Bed Rent | $2,200 | $2,140 |
| 4 Bed Rent | $2,500 | $2,510 |
% of Rental Stock
Property Listings — Cooper Young, Memphis, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cooper Young, Memphis, TN is 72. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | -10.0% |
Listing Count | 182 | 24.0% |
| Listings as % of Homes | 0.6% | 24.0% |
Days on Market | 72 | -20.0% |
Demographics — Cooper Young, Memphis, TN
As of the latest ACS Survey released in 2023, Cooper Young, Memphis, TN has a population of 22,900, which has decreased by -2.5% over the past 5 years. Cooper Young, Memphis, TN is a less popular place for families, as children make up 13.6% of the population. The area has a highly educated workforce, with 51.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,900 | -2.5% |
% Under 18 | 13.6% | 15.3% |
% Seniors | 15.1% | 8.6% |
% WFH | 10.9% | 122.4% |
% w/ College Degree | 51.9% | 9.7% |
As of the latest ACS Survey released in 2023, Cooper Young, Memphis, TN is a predominantly white area, with 59.5% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Cooper Young, Memphis, TN is black, making up 28.6% of the population. Foreign-born residents account for 5.8% of the population in Cooper Young, Memphis, TN, and this percentage has increased by 3.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.5% | -7.2% |
% Black | 28.6% | 9.6% |
% Hispanic | 5.8% | 1.8% |
% Asian | 3.2% | 52.4% |
% Foreign Born | 5.8% | 3.6% |
Mortgage and Risk — Cooper Young, Memphis, TN
According to HUD data as of 2023, there were 379 mortgage originations in Cooper Young, Memphis, TN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Cooper Young, Memphis, TN. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 379 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 10.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Cooper Young, Memphis, TN
As of 2024, the percent of homes in Cooper Young, Memphis, TN under the Section 8 program is 15.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cooper Young, Memphis, TN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,463 |
Total Units Section 8 | 1,257 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $445 | $895 | $1,340 |
| 2 Bedroom | $300 | $1,200 | $1,500 |
| 3 Bedroom | -$230 | $2,200 | $1,970 |
| 4 Bedroom | -$190 | $2,500 | $2,310 |
Affordability — Cooper Young, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $257,000 |
| Median Household Income | $56,500 |