How much of the Memphis market now rents above $1,500

the Memphis market · Data as of 2026-10-22 · ALEX Intelligence

30.2% Share of Zip Codes With Median Gross Rent Above $1,500 — 13 of 43

#	Zip Code	Median Gross Rent
1	ZIP 38139	$2,697
2	ZIP 38002	$1,753
3	ZIP 38138	$1,726
4	ZIP 38018	$1,716
5	ZIP 38120	$1,705
6	ZIP 38135	$1,702
7	ZIP 38060	$1,661
8	ZIP 38103	$1,661
9	ZIP 38017	$1,609
10	ZIP 38016	$1,595

Methodology

Source:: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024
Measure: Median Gross Rent, ranked highest first across ZIP codes in Fayette, Shelby, Tipton, TN (43 ranked in total).
How the headline figure is computed: 13 of 43 ranked units are at or above $1,500. The same computation on the 2019 ACS 5-year estimates gives 2.3%.
Universe: Places below a 5,000-resident floor are excluded so a median computed on a handful of households cannot top the ranking.
Vintage: 2024
Reproduce this query: https://api.census.gov/data/2024/acs/acs5?get=NAME%2CB01003_001E%2CB01002_001E%2CB19013_001E%2CB25077_001E%2CB25064_001E%2CB25003_001E%2CB25003_002E%2CB25002_001E%2CB25002_003E%2CB25035_001E%2CB25010_001E%2CB25070_001E%2CB25070_007E%2CB25070_008E%2CB25070_009E%2CB25070_010E%2CB25075_001E%2CB25075_024E%2CB25075_025E%2CB25075_026E%2CB25081_001E%2CB25081_009E%2CB01001_020E%2CB01001_021E%2CB01001_022E%2CB01001_023E%2CB01001_024E%2CB01001_025E%2CB01001_044E%2CB01001_045E%2CB01001_046E%2CB01001_047E%2CB01001_048E%2CB01001_049E&for=zip%20code%20tabulation%20area%3A%2A&key=YOUR_CENSUS_KEY

Every figure on this page is computed directly from the dataset named above by ALEX Intelligence. No figure on this page was written by hand or by a language model. The query is stated so that anyone can re-run it and obtain the same table.

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