ZIP Code 38128 Housing Market
ZIP code 38128 is located in Shelby County, Tennessee. Based on the FHFA House Price Index, the most recent annual HPI value is 214.4 (2000 = 100) , with a year-over-year change of +3.64% as of 2025.
📈 38128 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
About This ZIP Code
ZIP code 38128 is one of the most active real estate sub-markets in Shelby County, Tennessee. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Shelby County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Other Active ZIPs in Shelby County
| ZIP Code | HPI | YoY | Latest Year |
|---|---|---|---|
| 38127 | 213.6 | +1.77% | 2025 |
| 38116 | 222.7 | +4.22% | 2025 |
| 38141 | 214.2 | -3.14% | 2025 |
| 38107 | 219.2 | -8.00% | 2025 |
| 38118 | 228.3 | +1.48% | 2025 |
| 38011 | 226.9 | -0.57% | 2025 |
| 38004 | 229.5 | +4.95% | 2025 |
| 38109 | 239.7 | +2.54% | 2025 |
| 38139 | 205.5 | +3.97% | 2025 |
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.