Uptown, Memphis, TN—38105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Uptown, Memphis, TN
As of Oct '25, the median home price in Uptown, Memphis, TN is $105,000, with a year-over-year change of -6.8%. This indicates that home prices in Uptown, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | -6.8% |
| Single Family | $100,000 | -9.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $104,000 | -2.8% |
3 Bed | $96,000 | -11.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Uptown, Memphis, TN
As of July '25, Rentcast reports the average rent in Uptown, Memphis, TN is $1,120, with a year-over-year rent change of -27.7%. Per bedroom, the median rent as of July '25 in Uptown, Memphis, TN is studios: $925, 1-bedrooms: $967, 2-bedrooms: $1,340, 3-bedrooms: $1,420, 4-bedrooms: $2,070. The most common rental property sizes in Uptown, Memphis, TN are 1-bedroom and 2-bedroom, accounting for 40.7% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,120 |
| Studio Rent | $925 | $925 |
| 1 Bed Rent | $995 | $967 |
| 2 Bed Rent | $1,250 | $1,340 |
| 3 Bed Rent | $1,300 | $1,420 |
| 4 Bed Rent | $1,800 | $2,070 |
% of Rental Stock
Property Listings — Uptown, Memphis, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Uptown, Memphis, TN is 90. This is a decrease of -14.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | -2.0% |
Listing Count | 20 | -10.0% |
| Listings as % of Homes | 0.2% | -10.0% |
Days on Market | 90 | -14.0% |
Demographics — Uptown, Memphis, TN
As of the latest ACS Survey released in 2023, Uptown, Memphis, TN has a population of 5,150, which has decreased by -17.0% over the past 5 years. Uptown, Memphis, TN is a less popular place for families, as children make up 12.4% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,150 | -17.0% |
% Under 18 | 12.4% | -33.3% |
% Seniors | 15.8% | 62.9% |
% WFH | 4.9% | 96.0% |
% w/ College Degree | 22.3% | 0.0% |
As of the latest ACS Survey released in 2023, Uptown, Memphis, TN is a predominantly black area, with 74.6% of the population identifying as black. The black population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Uptown, Memphis, TN is white, making up 16.0% of the population. Foreign-born residents account for 7.6% of the population in Uptown, Memphis, TN, and this percentage has decreased by 2.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.0% | 41.6% |
% Black | 74.6% | -5.7% |
% Hispanic | 2.5% | -40.5% |
% Asian | 3.4% | -10.5% |
% Foreign Born | 7.6% | -2.6% |
Mortgage and Risk — Uptown, Memphis, TN
According to HUD data as of 2023, there were 19 mortgage originations in Uptown, Memphis, TN, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Uptown, Memphis, TN. Investor activity is high, as 32.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 19 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 32.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Uptown, Memphis, TN
As of 2024, the percent of homes in Uptown, Memphis, TN under the Section 8 program is 7.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Uptown, Memphis, TN, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 618 |
Total Units Section 8 | 375 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $995 | $1,040 |
| 2 Bedroom | -$80 | $1,250 | $1,170 |
| 3 Bedroom | $240 | $1,300 | $1,540 |
| 4 Bedroom | $0 | $1,800 | $1,800 |
Affordability — Uptown, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $105,000 |
| Median Household Income | $29,300 |