Monthly cost of buying the typical home, at today's average 30-year rate. Change any number to fit your situation.
Zillow doesn't publish a rent index for this area.
Our forecast of +0.9% over 12 months would add roughly $189 a month in value to the owner's side, but the 80% range runs from −3.7% to +7.5%, so treat it as uncertain.
Estimates only. Excludes maintenance (often about 1% of the price a year), the return the down payment could earn elsewhere, and tax effects. Rent is the Zillow Observed Rent Index, a typical market rent for all home types.
Redfin, all residential, monthly. These feed the metro trend model.
Strongest forecast relative to the metro first. “vs. metro” ranks each ZIP within Memphis, TN (100 = strongest).
| 72348 Hughes, AR | $178,773 | ▲ 10.3% | ▲ 4.0% −2% to +11% | 100 |
| 38015 Gilt Edge, TN | $235,864 | ▲ 6.8% | ▲ 3.9% −3% to +11% | 99 |
| 38042 Hickory Valley, TN | $206,295 | ▲ 8.2% | ▲ 3.8% −3% to +11% | 97 |
| 38126 Memphis, TN | $76,219 | ▲ 1.5% | ▲ 3.6% −3% to +11% | 96 |
| 38049 Braden, TN | $234,609 | ▲ 8.5% | ▲ 3.6% −3% to +11% | 94 |
| 38642 Lamar, MS | $192,763 | ▲ 8.8% | ▲ 3.5% −3% to +11% | 93 |
| 38105 Memphis, TN | $112,314 | ▼ 1.4% | ▲ 3.3% −3% to +11% | 91 |
| 38668 Senatobia, MS | $248,883 | ▲ 5.5% | ▲ 3.0% −3% to +10% | 90 |
| 38659 Potts Camp, MS | $167,198 | ▲ 4.9% | ▲ 2.8% −4% to +10% | 89 |
| 38685 Waterford, MS | $192,634 | ▲ 1.0% | ▲ 2.8% −4% to +10% | 87 |
| 38039 Grand Junction, TN | $157,284 | ▲ 6.5% | ▲ 2.7% −4% to +10% | 86 |
| 38076 Williston, TN | $366,626 | ▲ 4.4% | ▲ 2.6% −4% to +10% | 84 |
| 38108 Memphis, TN | $72,485 | ▼ 4.7% | ▲ 2.5% −4% to +10% | 83 |
| 38107 Memphis, TN | $111,897 | ▼ 3.5% | ▲ 2.4% −4% to +10% | 81 |
| 38019 Covington, TN | $210,158 | ▲ 3.0% | ▲ 2.3% −4% to +10% | 80 |