Bartlett, Memphis, TN—38134
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bartlett, Memphis, TN
As of Nov '25, the median home price in Bartlett, Memphis, TN is $221,000, with a year-over-year change of -1.1%. This indicates that home prices in Bartlett, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | -1.1% |
| Single Family | $223,000 | -0.9% |
| Condos | $91,000 | -9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | -1.4% |
3 Bed | $212,000 | -1.4% |
4 Bed | $251,000 | -0.4% |
| 5 Bed | $286,627 | -1.2% |
% of Housing Stock
Rental Trends — Bartlett, Memphis, TN
As of July '25, Rentcast reports the average rent in Bartlett, Memphis, TN is $1,600, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Bartlett, Memphis, TN is 1-bedrooms: $852, 2-bedrooms: $1,230, 3-bedrooms: $1,600, 4-bedrooms: $1,860. The most common rental property sizes in Bartlett, Memphis, TN are 1-bedroom and 2-bedroom, accounting for 30.7% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $852 |
| 2 Bed Rent | $1,200 | $1,230 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $1,820 | $1,860 |
% of Rental Stock
Property Listings — Bartlett, Memphis, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in Bartlett, Memphis, TN is 43. This is a increase of 13.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | -4.0% |
Listing Count | 96 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 43 | 13.0% |
Demographics — Bartlett, Memphis, TN
As of the latest ACS Survey released in 2023, Bartlett, Memphis, TN has a population of 42,500, which has decreased by -5.2% over the past 5 years. Bartlett, Memphis, TN is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,500 | -5.2% |
% Under 18 | 25.4% | 7.2% |
% Seniors | 11.9% | 0.0% |
% WFH | 7.0% | 133.3% |
% w/ College Degree | 20.9% | 2.0% |
As of the latest ACS Survey released in 2023, Bartlett, Memphis, TN is a predominantly black area, with 40.9% of the population identifying as black. The black population has shrunk by 17.9% in the last 5 years. The second most common race or ethnicity in Bartlett, Memphis, TN is white, making up 37.8% of the population. Foreign-born residents account for 11.2% of the population in Bartlett, Memphis, TN, and this percentage has increased by 86.7% 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 | 37.8% | -9.4% |
% Black | 40.9% | -17.9% |
% Hispanic | 15.2% | 141.3% |
% Asian | 2.9% | 222.2% |
% Foreign Born | 11.2% | 86.7% |
Mortgage and Risk — Bartlett, Memphis, TN
According to HUD data as of 2023, there were 82 mortgage originations in Bartlett, Memphis, TN, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Bartlett, Memphis, TN. Investor activity is low, as 10.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Rentals and Section 8 — Bartlett, Memphis, TN
As of 2024, the percent of homes in Bartlett, Memphis, TN under the Section 8 program is 2.9%. 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 Bartlett, 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 | 226 |
Total Units Section 8 | 202 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $850 | $1,220 |
| 2 Bedroom | $170 | $1,200 | $1,370 |
| 3 Bedroom | $200 | $1,600 | $1,800 |
| 4 Bedroom | $290 | $1,820 | $2,110 |
Affordability — Bartlett, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $221,000 |
| Median Household Income | $61,200 |