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ZIP Code · TN

ZIP 38125

Part of Memphis, TN
Pop. 43,071·Shelby County·94th most expensive ZIP in Tennessee
Median rent (all units)
$1,502/mo
Year-over-Year
-8.5%
Month-over-Month
-2.1%
vs US Median
-$463
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 38125 · $1,502
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,400
2 BR
$1,550
3 BR
$2,050
4 BR+
$2,380
Research median
$1,550/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,024/yr
At $1,502/mo median
Location
StateTN
CountyShelby County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 8.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-8.5% YoY, -2.1% MoM), not inventory.
Demographics

Who lives here

ZIP 38125 (Memphis, TN) is roughly split between renters and owners, 34% of residents hold a bachelor's degree or higher.

Population
43,071
Median income
$86,162
Median age
34.3
Renters
46.5%
Age distribution
24%
27.5%
25.3%
12.8%
Under 1824%
18–3427.5%
35–5425.3%
55–6412.8%
65+10.5%
Gender
44.8%
55.2%
Male44.8%
Female55.2%
Race & ethnicity
76.4%
White10.4%
Black76.4%
Hispanic6.3%
Asian3.4%
Other3.6%
Education (25+)
21.3%
37.9%
34%
No HS diploma6.8%
HS diploma21.3%
Some college37.9%
Bachelor's+34%
Housing tenure
53.5%
46.5%
Owner53.5%
Renter46.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 38125 in Memphis, TN has changed in 5 years

Rent
$1,342 → $1,502
up 11.9%
Income
$74,425 → $86,162
up 15.8%
Population
42,717 → 43,071
up 0.8%
Renter share
41.8% → 46.5%
+4.7 pts
Bachelor's+
38.4% → 34%
-4.4 pts

Five years ago, renters in ZIP 38125 in Memphis, TN paid around $1,342 a month. That figure now sits near $1,502, up 11.9% from the 2021 baseline. Census figures show median household income at $86,162 today, compared with $74,425 five years earlier. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. The renter share has risen from 41.8% to 46.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 38.4% to 34% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 38125

Last updated: July 20, 2026

ZIP code 38125 covers Memphis, TN. The median rent here is $1,502/mo as of July 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,550/mo.

At 21% of local median household income ($86,162/yr), ZIP 38125 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 8.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 38125?

As of July 20, 2026, the median monthly rent in ZIP 38125 (Memphis, TN) is $1,502. This is based on aggregated data from public sources and community submissions.

How does ZIP 38125 rent compare to the US average?

ZIP 38125's median rent of $1,502/mo is $463 (24%) below the US national median of $1,965/mo.

How does ZIP 38125 compare to other ZIPs in Tennessee?

ZIP 38125 falls in the middle range for Tennessee, ranking #94 out of 145 ZIPs at $1,502/mo.

How much income do you need to rent in ZIP 38125?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,502/mo in ZIP 38125. The local median household income is $86,162/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 38125?

Rent in ZIP 38125 has decreased 8.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 38125 an affordable place to rent?

ZIP 38125 is considered very affordable for renters. At $1,502/mo, rent takes approximately 21% of the local median household income ($86,162/yr). The standard benchmark is 30%. ZIP 38125 falls comfortably within that range.

What percentage of ZIP 38125 residents rent vs. own?

According to Census data, approximately 46.5% of ZIP 38125 households are renters, while 53.5% are owner-occupied. ZIP 38125 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 38125 compare to the rest of Memphis?

ZIP 38125 is pricier than Memphis as a whole. At $1,502/mo, it's $222 above the Memphis citywide median of $1,280/mo.

When was rent data for ZIP 38125 last updated?

Rent data for ZIP 38125 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,502/mo, rent takes ~21% of ZIP 38125's median household income ($86,162/yr). The standard benchmark is 30%.

ZIP 38125 21%Benchmark 30%
State income taxNone
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