Raleigh, Memphis, TN—38128
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$147,000
0.7% YoY Growth
Household Income
$43,200
29.4% YoY Growth
Days on Market
64
5.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,340
1.5% YoY Growth
1-Bed Rent
$795
1.6% YoY Growth
2-Bed Rent
$850
7.0% YoY Growth
3-Bed Rent
$1,300
1.5% YoY Growth
Home Price Trends — Raleigh, Memphis, TN
As of Dec '25, the median home price in Raleigh, Memphis, TN is $147,000, with a year-over-year change of 0.7%. This indicates that home prices in Raleigh, Memphis, TN are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | 0.7% |
| Single Family | $149,000 | 0.7% |
| Condos | $80,000 | -8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |