Best In Tennessee Real Estate™: Memphis

Memphis’ most expensive ZIP—38104—is 5.5x less affordable than the median ZIP, according to a new ALEX Intelligence analysis of U.S. Census data. This isn't a citywide trend; it's a ZIP-code-level fracture in housing access. The top 10 ZIPs in the city show a 1.7x median-to-top affordability gap, revealing a market where wealth is concentrated in specific neighborhoods, and access is increasingly determined by geography, not income. This data comes from ALEX Intelligence's proprietary analysis of the 2024 American Community Survey 5-Year Estimates: https://alex-companies.com/data/2026-11-04-memphis-spread-value-to-income-zcta. How does this localized inequality affect your investment or relocation strategy? What policy changes would be needed to close this gap? Let’s discuss. Top-to-Median Affordability Gap, top 10 (ALEX Intelligence — U.S. Census Bureau 2024) #1 ZIP 38104 — 5.5x #2 ZIP 38103 — 5.2x #3 ZIP 38112 — 4.6x #4 ZIP 38068 — 4.4x #5 ZIP 38107 — 4.3x #6 ZIP 38053 — 3.8x #7 ZIP 38120 — 3.7x #8 ZIP 38016 — 3.7x #9 ZIP 38117 — 3.6x #10 ZIP 38111 — 3.6x Photos via Wikimedia Commons: Slide 1: Warren LeMay (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=148089618; Slide 2: Kenneth C. Zirkel (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=52543418; Slide 3: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162754276; Slide 4: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162753697 Source: https://alex-companies.com/data/2026-11-04-memphis-spread-value-to-income-zcta View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. Real Estate Strategy & Intelligence Leader. Democratized Blue Ocean Strategist & Operator. Diane Hart Alexander, MBA, MHA Chair & CEO, ALEX Companies Designated Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574877-B · Broker License #565194-BB [email protected] · +1 713.591.9902