Which ZIP code in Memphis has the highest median home value?

38120 (Memphis), at $460,700 (±$35,498), among 27 ZIP codes with at least 1,000 residents.

Why are some ZIP codes missing?

ZIP codes with fewer than 1,000 residents are left out because their survey estimates swing too much to rank, and so are ZIP codes where the Census Bureau did not publish this figure.

ZIP codes with the highest home values in Memphis, TN

These are the 25 ZIP codes in Memphis, TN with the highest median home value, out of 27 with at least 1,000 residents. 38120 (Memphis, $460,700), 38103 (Memphis, $397,300) and 38104 (Memphis, $317,200) lead the list. There is no single "best" ZIP code in Memphis; the right one depends on who you want to reach, so the same ZIP codes are ranked several ways below.

ZIP codes with the highest home values in Memphis

Rank	ZIP	Mailing city	Median home value	Residents	Households	Residential mailboxes
1	38120	Memphis	$460,700 ±$35,498	13,309	6,092	6,793
2	38103	Memphis	$397,300 ±$30,069	14,534	8,372	10,396
3	38104	Memphis	$317,200 ±$25,418	22,634	12,863	14,171
4	38117	Memphis	$311,800 ±$24,136	25,776	11,613	12,543
5	38119	Memphis	$296,700 ±$17,947	23,464	10,138	11,386
6	38018	Cordova	$293,800 ±$11,457	38,527	14,575	16,113
7	38135	Memphis	$287,000 ±$12,678	30,317	10,850	11,210
8	38016	Cordova	$282,800 ±$9,750	44,136	18,517	20,829
9	38133	Memphis	$270,900 ±$23,302	21,278	8,005	8,664
10	38112	Memphis	$252,100 ±$42,696	16,809	6,494	7,723
11	38125	Memphis	$251,100 ±$10,529	43,071	15,888	17,583
12	38134	Memphis	$207,000 ±$8,731	43,947	15,062	15,953
13	38111	Memphis	$190,100 ±$20,858	41,934	17,486	—
14	38141	Memphis	$157,900 ±$7,415	23,952	8,224	7,898
15	38107	Memphis	$152,000 ±$37,176	13,912	6,925	6,788
16	38115	Memphis	$145,400 ±$10,989	38,491	16,117	17,808
17	38116	Memphis	$138,600 ±$9,717	40,061	15,599	15,359
18	38128	Memphis	$138,000 ±$13,100	42,162	15,864	17,312
19	38122	Memphis	$123,000 ±$20,701	26,021	9,234	10,298
20	38118	Memphis	$107,600 ±$6,657	39,107	13,209	14,900
21	38127	Memphis	$90,300 ±$5,983	39,541	14,427	15,781
22	38105	Memphis	$90,200 ±$17,709	5,534	3,242	4,170
23	38114	Memphis	$82,000 ±$4,204	20,298	9,438	10,762
24	38109	Memphis	$80,400 ±$5,327	42,452	16,616	—
25	38106	Memphis	$71,800 ±$4,378	20,962	8,640	9,909

How we ranked them

Ranked by median value of owner-occupied homes as reported by owners (ACS 5-year estimates, 2020–2024). Published medians are capped at $2,000,000. ZIP codes need at least 1,000 residents to be ranked; 27 of 31 qualify.

Which of these to mail, and why

Home value tracks what owners spend on the house itself: renovations, landscaping, pest control, security, interior design. Pair it with the homeowner share so the mailer reaches owners, not tenants.

The top five ZIP codes on this list hold 49,078 households, on 83 carrier routes with 55,289 residential mailboxes. Open any of them on the route map to see each carrier route's own figures before you choose.

Open 38120 on the EDDM route map

More rankings

Businesses that mail these ZIP codes

Map it and price it

EDDM guides

Frequently asked questions

Which ZIP code in Memphis has the highest median home value?: 38120 (Memphis), at $460,700 (±$35,498), among 27 ZIP codes with at least 1,000 residents.
How is this ranking calculated?: Ranked by median value of owner-occupied homes as reported by owners (ACS 5-year estimates, 2020–2024). Published medians are capped at $2,000,000.
Why are some ZIP codes missing?: ZIP codes with fewer than 1,000 residents are left out because their survey estimates swing too much to rank, and so are ZIP codes where the Census Bureau did not publish this figure.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.