38139
Germantown, Tennessee.
Germantown, Shelby County, TN · Memphis, TN-MS-AR metro · population 16,466
to buy the typical home at today's mortgage rate — +$1,489 (+94%) since Jan 2020.
- 1 year
- Down $5,122 -1%
- $590,365$585,243 since Sep 2025
- 5 years
- Up $72,686 +14%
- $512,557$585,243 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 38139$3,072
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 26 years.
Typical home values in zip 38139 fell 0.9% over the past year — slower than the nation's +1.2%.
Zillow also publishes an index for the city itself: Germantown, TN — measured over the city limits, which is a different area from this zip.
Typical home value — 38139
Mid-tier homes, smoothed and seasonally adjusted.
- 38139$585,243
- Memphis$242,102
- United States$366,157
Within 20 miles
Showing 30 of 40 zips in range — sorting picks from all 40.
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 2.5 | 38138 | Germantown | 25,167 | $2,259 | $429,441 |
| 3.6 | 38018 | Cordova | 38,527 | $1,658 | $287,250 |
| 4.6 | 38125 | Memphis | 43,071 | $1,516 | $275,797 |
| 5.1 | 38119 | Memphis | 23,464 | $1,472 | $288,176 |
| 5.9 | 38017 | Collierville | 56,826 | $1,886 | $504,970 |
| 6.0 | 38120 | Memphis | 13,309 | $1,563 | $422,325 |
| 6.5 | 38016 | Cordova | 44,136 | $1,495 | $290,354 |
| 6.5 | 38115 | Memphis | 38,491 | $1,029 | $160,944 |
| 7.4 | 38141 | Memphis | 23,952 | $1,570 | $188,113 |
| 8.6 | 38134 | Memphis | 43,947 | $1,206 | $222,769 |
| 8.7 | 38117 | Memphis | 25,776 | $1,466 | $264,140 |
| 9.0 | 38133 | Memphis | 21,278 | $1,648 | $271,021 |
| 9.7 | 38028 | Eads | 7,992 | — | $599,178 |
| 10.4 | 38118 | Memphis | 39,107 | $1,178 | $120,452 |
| 10.6 | 38122 | Memphis | 26,021 | $1,119 | $120,792 |
| 10.8 | 38111 | Memphis | 41,934 | $1,280 | $130,811 |
| 11.0 | 38654 | Olive Branch | 57,898 | $1,832 | $333,948 |
| 11.8 | 38135 | Memphis | 30,317 | $1,799 | $294,757 |
| 12.3 | 38066 | Rossville | 3,446 | — | $522,373 |
| 13.0 | 38114 | Memphis | 20,298 | $929 | $70,758 |
| 13.2 | 38112 | Memphis | 16,809 | $1,233 | $120,382 |
| 13.3 | 38108 | Memphis | 17,562 | $1,085 | $66,545 |
| 13.6 | 38128 | Memphis | 42,162 | $1,198 | $143,481 |
| 14.2 | 38002 | Arlington | 43,882 | $2,017 | $405,559 |
| 14.4 | 38104 | Memphis | 22,634 | $1,265 | $248,684 |
| 14.9 | 38116 | Memphis | 40,061 | $928 | $151,252 |
| 15.0 | 38672 | Southaven | 16,436 | $2,304 | $334,790 |
| 16.0 | 38106 | Memphis | 20,962 | $908 | $54,692 |
| 16.0 | 38671 | Southaven | 37,319 | $1,505 | $233,503 |
| 16.2 | 38107 | Memphis | 13,912 | $1,227 | $103,875 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.