Higher-end areas like River Oaks see median listing prices closer to $520,000 .
⭐ For homes in this zip code, three-bedroom layouts are currently the most common, with an average value of roughly $237,914 . If you're looking to buy or rent in 38117: g., single-family home, condo)? zillow-38117
38117, TN Housing Market: 2026 Home Prices & Trends | Zillow Higher-end areas like River Oaks see median listing
Typical home values in the zip code of Memphis, TN, are approximately $267,166 as of April 2026 . 🏠 Market Snapshot: 38117 38117, TN Housing Market: 2026 Home Prices &
Monthly rent in the area averages $1,507 , which is a decrease of about $93 from the previous year .
The 38117 housing market is considered balanced, with inventory and demand remaining relatively steady .
Home values have decreased by roughly 1.6% over the past year .