Downtown South, Memphis, TN—38126
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$76,000
2.4% YoY Growth
Household Income
$30,800
111.9% YoY Growth
Days on Market
142
243.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$749
23.7% YoY Growth
1-Bed Rent
$725
11.5% YoY Growth
2-Bed Rent
$749
3.1% YoY Growth
3-Bed Rent
$1,700
1.2% YoY Growth
Home Price Trends — Downtown South, Memphis, TN
As of May '26, the median home price in Downtown South, Memphis, TN is $76,000, with a year-over-year change of -2.4%. This indicates that home prices in Downtown South, 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 | $76,000 | -2.4% |
| Single Family | $67,000 | 0.0% |
| Condos | $154,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |