Vollintine Evergreen, Memphis, TN—38112
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vollintine Evergreen, Memphis, TN
As of Oct '25, the median home price in Vollintine Evergreen, Memphis, TN is $125,000, with a year-over-year change of -5.1%. This indicates that home prices in Vollintine Evergreen, 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 | $125,000 | -5.2% |
| Single Family | $125,000 | -5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $74,000 | -7.5% |
3 Bed | $149,000 | -4.5% |
4 Bed | $326,000 | -1.2% |
| 5 Bed | $465,000 | -1.5% |
% of Housing Stock
Rental Trends — Vollintine Evergreen, Memphis, TN
As of July '25, Rentcast reports the average rent in Vollintine Evergreen, Memphis, TN is $1,360, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Vollintine Evergreen, Memphis, TN is studios: $1,160, 1-bedrooms: $1,160, 2-bedrooms: $1,150, 3-bedrooms: $1,620, 4-bedrooms: $1,700. The most common rental property sizes in Vollintine Evergreen, Memphis, TN are 2-bedroom and 3-bedroom, accounting for 53.2% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,360 |
| Studio Rent | $950 | $1,160 |
| 1 Bed Rent | $900 | $1,160 |
| 2 Bed Rent | $1,050 | $1,150 |
| 3 Bed Rent | $1,500 | $1,620 |
| 4 Bed Rent | $1,600 | $1,700 |
% of Rental Stock
Property Listings — Vollintine Evergreen, Memphis, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Vollintine Evergreen, Memphis, TN is 83. This is a decrease of -5.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $256,000 | 7.0% |
Listing Count | 100 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 83 | -5.0% |
Demographics — Vollintine Evergreen, Memphis, TN
As of the latest ACS Survey released in 2023, Vollintine Evergreen, Memphis, TN has a population of 16,800, which has decreased by -1.7% over the past 5 years. Vollintine Evergreen, Memphis, TN is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 38.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | -1.7% |
% Under 18 | 23.3% | 15.9% |
% Seniors | 14.1% | 9.3% |
% WFH | 9.7% | 125.6% |
% w/ College Degree | 38.2% | 14.7% |
As of the latest ACS Survey released in 2023, Vollintine Evergreen, Memphis, TN is a predominantly black area, with 46.4% of the population identifying as black. The black population has shrunk by 16.8% in the last 5 years. The second most common race or ethnicity in Vollintine Evergreen, Memphis, TN is white, making up 34.8% of the population. Foreign-born residents account for 10.6% of the population in Vollintine Evergreen, Memphis, TN, and this percentage has increased by 65.6% 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 | 34.8% | -2.2% |
% Black | 46.4% | -16.8% |
% Hispanic | 14.2% | 158.2% |
% Asian | 1.2% | -40.0% |
% Foreign Born | 10.6% | 65.6% |
Mortgage and Risk — Vollintine Evergreen, Memphis, TN
According to HUD data as of 2023, there were 160 mortgage originations in Vollintine Evergreen, Memphis, TN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Vollintine Evergreen, 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 | 160 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 10.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Vollintine Evergreen, Memphis, TN
As of 2024, the percent of homes in Vollintine Evergreen, Memphis, TN under the Section 8 program is 15.6%. 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. In Vollintine Evergreen, 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 | 520 |
Total Units Section 8 | 520 |
% Rentals under Section 8 | 15.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $900 | $1,070 |
| 2 Bedroom | $150 | $1,050 | $1,200 |
| 3 Bedroom | $80 | $1,500 | $1,580 |
| 4 Bedroom | $250 | $1,600 | $1,850 |
Affordability — Vollintine Evergreen, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $125,000 |
| Median Household Income | $52,600 |