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Area data

ZIP 38016

Population: 44,136 (Census ACS)

The typical home value in ZIP 38016 is $292,874 — down 1.8% over the past year. Homes sell for a median $299,500 after a median 28 days on market. Typical rent runs $1,506/month. 6 schools serve the area (NCES). Cost of living is 8.1% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$292,874

Typical home value

-1.8%

1-year change

28

Median days on market

Home values & appreciation

Typical home value
$292,874
1-year appreciation
-1.8%
3-year appreciation
-4.3%
5-year appreciation
+11.5%
10-year appreciation
+85.0%
Peak value since 2000 (Sep 2022)
$313,202

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$299,500
Median list price
$318,700
Median price per sqft
$132
1-year sale-price change
+5.1%
Median days on market
28 days
Homes sold (recent period)
125
For-sale inventory
175
Sale-to-list ratio
98.5%
Active listings
141
1-year forecast
-0.2%
Days to pending
44 days
New listings (monthly)
58

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,506/mo
1-year rent change
-1.3%
Studio fair-market rent
$1,095/mo
1BR fair-market rent
$1,191/mo
2BR fair-market rent
$1,301/mo
3BR fair-market rent
$1,717/mo
4BR fair-market rent
$1,981/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
91.9 (100 = US avg)
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
6
Elementary schools
4
Middle schools
1
High schools
1
Schools include
Macon-Hall Elementary, Mt. Pisgah Middle/High, Dexter School, Chimneyrock Elementary School, Cordova High School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Most common flood zone among NFIP claims
Zone X
NFIP flood claims on record
7
EPA Superfund (NPL) sites within 5 mi
1
Nearest Superfund site
National Fireworks (1.9 mi)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
54.8 in
USDA plant hardiness zone
8a (extreme annual low 10 to 15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
13.8 / 20
Transit service frequency
908
Jobs reachable by car (30 min)
76,144
Jobs reachable by transit (45 min)
68,904

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
36
Nearest airport
Richardson Strip (7 mi)
Nearest major airport
Millington-Memphis Airport (NQA) (14 mi)
Hospitals in or near this ZIP
23
Hospitals include
BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, INC, PERIMETER BEHAVIORAL HOSPITAL OF WEST MEMPHIS, SOUTH MISSISSIPPI COUNTY REGIONAL MEDICAL CENTER
Avg hospital rating (CMS)
2.4 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.4 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Housing stock

Median year housing built
1998
Housing built before 1970
3.8%
Housing built 2000 or later
42.9%
Median annual property tax
$2,810
Mean commute to work
22 min
Households with broadband internet
80.6%

Source: Census ACS 5-year estimates (ZIP-level)

How it compares

ZIP 38016State medianUS median
Typical home value$292,874—$288,527
Median sale price$299,500—$325,000
Median days on market28 days—51 days
Typical rent$1,506/mo—$1,809/mo
Median annual property tax$2,810—$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in ZIP 38016?
$292,874.
What is the median sale price in ZIP 38016?
$299,500.
How long do homes take to sell in ZIP 38016?
Median days on market: 28 days.
What is typical rent in ZIP 38016?
Typical rent: $1,506/month.
Is ZIP 38016 in a flood zone?
Flood zones vary by property within ZIP 38016. 7 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is X. Check a specific address on the FEMA Flood Map Service Center.
Are there Superfund sites near ZIP 38016?
1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: National Fireworks, 1.9 mi.
How many schools serve ZIP 38016?
6 schools (4 elementary, 1 middle, 1 high) (NCES, 2024-25).
Is ZIP 38016 walkable?
Walkability index: 13.8/20 (EPA Smart Location Database).
What is the cost of living in ZIP 38016?
Regional Price Parity: 91.9 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Listing a home in ZIP 38016?

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents