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Multi-family homes for sale in 38138, TN

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38138, TN Real Estate Market Overview

There are no multi-family homes for sale in 38138, TN. The following market insights reflect all property types in the 38138, TN real estate market. The number of homes for sale in 38138, TN increased by 9.1% between May 2025 and June 2025. While the average time on the market in June 2025 was 6 days, the median list price was $432,500. In June 2025, from all listings sold in 38138, TN there were more than 2 sold above asking price, over 20 sold below and more than 17 were sold right at the asked price.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in 38138, TN

38138 is located in Tennessee. There are roughly 24,900 residents, living in 10,408 households. The average temperature for 38138 this time of the year is low of 70F and high of 91F. On average, 38138 gets about 4.24 inches of precipitation in July. Most residents are home owners (78%), have a post secondary degree (68%) and are married, no kids (39%).

Data provided by Home Junction

Schools near 38138, TN

Elementary Schools

  • Dogwood Elementary School

    8945 Dogwood Rd

    Public District PK-5

  • Forest Hill Elementary School

    3366 Forest Hill Irene Rd

    Public District PK-5

  • Farmington Elementary School

    2085 Cordes Rd

    Public District PK-5

Middle Schools

  • Germantown Middle School

    7925 Cd Smith Rd

    Public District 6-8

  • Houston Middle School

    9400 Wolf River Blvd

    Public District 6-8

  • Riverdale Elementary School

    7391 Neshoba Rd

    Public District PK-8

High Schools

  • Germantown High School

    7653 Old Poplar Pike

    Public Magnet 9-12

Data provided by Great Schools

Housing market reports in Shelby County

Homes for sale near 38138, TN

Top real estate cities in Tennessee

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*Based on Rocket Mortgage data in comparison to public data records.

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