Berclair, Memphis, TN—38122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berclair, Memphis, TN
As of Oct '25, the median home price in Berclair, Memphis, TN is $124,000, with a year-over-year change of -1.1%. This indicates that home prices in Berclair, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $124,000 | -1.1% |
| Single Family | $124,000 | -0.8% |
| Condos | $138,000 | -4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $102,000 | -1.9% |
3 Bed | $134,000 | -1.5% |
4 Bed | $157,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Berclair, Memphis, TN
As of July '25, Rentcast reports the average rent in Berclair, Memphis, TN is $1,200, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Berclair, Memphis, TN is studios: $650, 1-bedrooms: $793, 2-bedrooms: $1,040, 3-bedrooms: $1,330, 4-bedrooms: $1,640. The most common rental property sizes in Berclair, Memphis, TN are 2-bedroom and 3-bedroom, accounting for 48.3% and 41.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $795 | $793 |
| 2 Bed Rent | $950 | $1,040 |
| 3 Bed Rent | $1,250 | $1,330 |
| 4 Bed Rent | $1,580 | $1,640 |
% of Rental Stock
Property Listings — Berclair, Memphis, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Berclair, Memphis, TN is 71. This is a decrease of -16.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $177,000 | 1.0% |
Listing Count | 98 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 71 | -16.0% |
Demographics — Berclair, Memphis, TN
As of the latest ACS Survey released in 2023, Berclair, Memphis, TN has a population of 25,300, which has increased by 2.5% over the past 5 years. Berclair, Memphis, TN is a popular place for families, as children make up 32.0% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | 2.5% |
% Under 18 | 32.0% | 6.3% |
% Seniors | 11.8% | 19.2% |
% WFH | 6.0% | 185.7% |
% w/ College Degree | 22.2% | 15.0% |
As of the latest ACS Survey released in 2023, Berclair, Memphis, TN is a predominantly hispanic area, with 37.4% of the population identifying as hispanic. The hispanic population has grown by 28.5% in the last 5 years. The second most common race or ethnicity in Berclair, Memphis, TN is white, making up 34.3% of the population. Foreign-born residents account for 23.7% of the population in Berclair, Memphis, TN, and this percentage has increased by 31.7% 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 | 34.3% | -23.9% |
% Black | 20.1% | -4.3% |
% Hispanic | 37.4% | 28.5% |
% Asian | 2.2% | -12.0% |
% Foreign Born | 23.7% | 31.7% |
Mortgage and Risk — Berclair, Memphis, TN
According to HUD data as of 2023, there were 163 mortgage originations in Berclair, Memphis, TN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Berclair, Memphis, TN. Investor activity is high, as 19.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 163 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 19.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Berclair, Memphis, TN
As of 2024, the percent of homes in Berclair, Memphis, TN under the Section 8 program is 1.6%. 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. In Berclair, Memphis, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 80 |
Total Units Section 8 | 80 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $395 | $795 | $1,190 |
| 2 Bedroom | $380 | $950 | $1,330 |
| 3 Bedroom | $500 | $1,250 | $1,750 |
| 4 Bedroom | $470 | $1,580 | $2,050 |
Affordability — Berclair, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $124,000 |
| Median Household Income | $45,500 |