Memphis zip code 38111

Investor · Gilroy, CA · Member since 2016 · 255 posts · 195 votes

I was looking at the market place and I saw a couple of homes in there. One for ~46k and another near ~80k if I recall correctly. Looking at the data here: http://www.city-data.com/zips/38111.html it seems the 2014 Q3 median hose price for that area was near 100k. Not being from Memphis, is there a reason this area has prices all over the board?

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Fernando Parker

Investor · Memphis, TN · Member since 2016 · 24 posts · 26 votes

On the subject of Memphis zip codes, here's something that might help everyone. Keep in mind that there is a dizzying array of variance within each zip code in terms of tenant class/neighborhood/price range, etc. So be sure you're vetting your potential deals thoroughly. Hope this helps.

Memphis Area Zip Codes

38002--Arlington

38004--Atoka

38016--Cordova

38017--Collierville

38018--Cordova

38028--Eads

38053--Millington

38103--Downtown

38104--Midtown

38105--Downtown

38106--Bellevue/McLemore (South Midtown)

38107--North Memphis

38108--Kingsbury

38109--Whitehaven

38111--University of Memphis area

38112--Highland Heights/Hollywood-Jackson

38114--Orange Mound

38115--Hickory Hill

38116--Whitehaven

38117--East Memphis/Laurelwood

38118--Airport

38119--East Memphis

38120--East Memphis

38122--Berclair

38125--East Hickory Hill

38126--Southeast Downtown (Crump Boulevard)

38127--Frayser

38128--Raleigh

38131--Airport

38132--Airport

38133--Bartlett

38134--Bartlett

38135--Bartlett

38138--Germantown

38139--Germantown

38141--Hickory Hill

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Nic S.Pro Member
Danville. CA · Member since 2017 · 313 posts · 220 votes
3y
how do you feel about Railton Rd in 38111? Looking at a MSHB house for $159K renting for $1350....
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Julien J.
Investor · CO · Member since 2016 · 757 posts · 1k+ votes
3y
Memphis is interesting, not only the differences by zip code, but also street by street.
I'd recommend an experience property manager who knows the lay of the land.
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Curt DavisBusiness Member
Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
3y
Quote from @Nic S.:

how do you feel about Railton Rd in 38111? Looking at a MSHB house for $159K renting for $1350....
Railton, it just depends on where you are at. It is an area that has improved over the years. Without knowing the actual address it is hard to give an opinion.
Curt Davis - KAIZEN Realty538 Reviews
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