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  1. Home
  2. /Browse ZIP Codes
  3. /Tennessee
  4. /Memphis
  5. /Frayser, Memphis, TN - 38127

Frayser, Memphis, TN—38127

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$90,000
7.1% YoY Growth
Household Income
$37,800
36.9% YoY Growth
Days on Market
71
32.0% Longer YoY
Home Price Forecast
-0.1%
Median Rent
$1,100
6.6% YoY Growth
1-Bed Rent
$575
32.2% YoY Growth
2-Bed Rent
$895
11.3% YoY Growth
3-Bed Rent
$1,050
2.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Frayser, Memphis, TN

As of May '26, the median home price in Frayser, Memphis, TN is $90,000, with a year-over-year change of -7.1%. This indicates that home prices in Frayser, 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 TypeMedian Home ValueYoY % Change
All Homes
$90,000-7.1%
Single Family $91,000-6.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$68,000-8.1%
    3 Bed
    		$90,000-7.2%
    4 Bed
    		$119,000-5.6%
    5 Bed $145,750-5.0%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    3.4%
    2 Bedrooms
    24.4%
    3 Bedrooms
    60.6%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    1.4%

    Rental Trends — Frayser, Memphis, TN

    As of July '25, Rentcast reports the average rent in Frayser, Memphis, TN is $1,130, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Frayser, Memphis, TN is 1-bedrooms: $661, 2-bedrooms: $943, 3-bedrooms: $1,100, 4-bedrooms: $1,380. The most common rental property sizes in Frayser, Memphis, TN are 3-bedroom and 2-bedroom, accounting for 58.4% and 27.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,100$1,130
    Studio Rent N/AN/A
    1 Bed Rent $575$661
    2 Bed Rent $895$943
    3 Bed Rent $1,050$1,100
    4 Bed Rent $1,380$1,380
    Loading chart...

    % of Rental Stock

    Studio
    0.5%
    1 Bedroom
    5.5%
    2 Bedrooms
    27.0%
    3 Bedrooms
    58.4%
    4 Bedrooms
    7.2%
    5+ Bedrooms
    1.4%

    Property Listings — Frayser, Memphis, TN

    As of May '26, Realtor.com reports that the median days on market for a home in Frayser, Memphis, TN is 71. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$99,900-7.0%
    Listing Count
    		31465.0%
    Listings as % of Homes0.8%65.0%
    Days on Market
    		7132.0%
    Loading chart...

    Demographics — Frayser, Memphis, TN

    As of the latest ACS Survey released in 2023, Frayser, Memphis, TN has a population of 39,600, which has decreased by -10.6% over the past 5 years. Frayser, Memphis, TN is a popular place for families, as children make up 32.4% of the population. The area has a poorly educated workforce, with 11.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		39,600-10.6%
    % Under 18
    		32.4%-2.7%
    % Seniors
    		12.9%44.9%
    % WFH
    		6.6%266.7%
    % w/ College Degree
    		11.4%20.0%
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    As of the latest ACS Survey released in 2023, Frayser, Memphis, TN is a predominantly black area, with 86.8% of the population identifying as black. The black population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Frayser, Memphis, TN is white, making up 7.9% of the population. Foreign-born residents account for 2.3% of the population in Frayser, Memphis, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		7.9%-19.4%
    % Black
    		86.8%1.6%
    % Hispanic
    		3.4%6.2%
    % Asian
    		0.2%-60.0%
    % Foreign Born
    		2.3%0.0%
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    Mortgage and Risk — Frayser, Memphis, TN

    According to HUD data as of 2023, there were 238 mortgage originations in Frayser, Memphis, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Frayser, Memphis, TN. Investor activity is high, as 21.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		238
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		21.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Frayser, Memphis, TN

    As of 2024, the percent of homes in Frayser, Memphis, TN under the Section 8 program is 29.3%. 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 Frayser, 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
    		2,345
    Total Units Section 8
    		2,282
    % Rentals under Section 8
    		29.3%
    % Occupied Section 8
    		92.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$525$575$1,100
    2 Bedroom$335$895$1,230
    3 Bedroom$570$1,050$1,620
    4 Bedroom$510$1,380$1,890

    Affordability — Frayser, Memphis, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$90,000
    Median Household Income$37,800

    Frayser, Memphis, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    North Memphis, Memphis, TN

    38107

    Hyde Park, Memphis, TN

    38108

    Uptown, Memphis, TN

    38105

    Raleigh, Memphis, TN

    38128

    Downtown, Memphis, TN

    38103

    Frequently Asked Questions