38023
Drummonds, Tennessee.
Drummonds, Tipton County, TN · Memphis, TN-MS-AR metro · population 5,682
to buy the typical home at today's mortgage rate — +$755 (+116%) since Jan 2020.
- 1 year
- Up $6,563 +3%
- $261,522$268,086 since Sep 2025
- 5 years
- Up $62,168 +30%
- $205,917$268,086 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.
- 38023$1,407
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in zip 38023 rose 2.5% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Drummonds, TN — measured over the city limits, which is a different area from this zip.
Typical home value — 38023
Mid-tier homes, smoothed and seasonally adjusted.
- 38023$268,086
- Memphis$242,102
- United States$366,157
Within 20 miles
| 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 |
|---|---|---|---|---|---|
| 7.5 | 38058 | Munford | 10,303 | — | $282,313 |
| 9.2 | 38015 | Burlison | 1,950 | — | $223,169 |
| 9.6 | 38053 | Millington | 25,303 | $1,533 | $239,859 |
| 11.1 | 38004 | Atoka | 12,001 | $1,350 | $347,820 |
| 13.3 | 38011 | Brighton | 9,948 | — | $267,415 |
| 16.8 | 38127 | Memphis | 39,541 | $1,085 | $86,555 |
| 17.2 | 38128 | Memphis | 42,162 | $1,198 | $143,481 |
| 17.3 | 38135 | Memphis | 30,317 | $1,799 | $294,757 |
| 18.2 | 38041 | Henning | 4,161 | — | $117,162 |
| 18.7 | 38002 | Arlington | 43,882 | $2,017 | $405,559 |
| 19.0 | 38019 | Covington | 15,760 | $1,062 | $205,733 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.