Housing market/Tennessee/ZIP 38133
ZIP 38133 Memphis, Tennessee
Memphis, TN-MS-AR HUD Metro FMR Area · Tennessee. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 38133 · TN — sent to you.
ZIP 38133 · TN
ACS rent vs 2BR SAFMR
ZIP 38133 — Memphis, TN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 38133
- 1-unit detached6,82981.9%
- 1-unit attached1161.4%
- 2–4 units1171.4%
- 5–49 units8019.6%
- 50+ units941.1%
- Mobile3794.5%
2–4 unit share 1.4% · 5–49 unit share 9.6% · combined 2–49 11.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,449 (all bedrooms, occupied rentals).
- Median contract rent $1,148.
- Renters paying ≥30% of income 56.0%; ≥50% 17.3%.
- FY2027 2BR SAFMR $1,590 (1.097× ACS median gross rent).
Population
21,153 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -5.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 152 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 164 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 38133 30.1% of occupied households are renters; vacancy is 3.5%; ACS median gross rent is $1,449; population changed -5.0% between the 2018 and 2023 ACS vintages; the housing stock includes 117 units in 2–4-unit structures and 801 units in 5–49-unit structures; 1 LIHTC projects totaling 152 units; FY2027 2BR SAFMR is $1,590 versus ACS median gross rent of $1,449. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Tennessee research
ZIP 38133 is a Census / HUD profile for Memphis, TN-MS-AR, TN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 38133 — Memphis, TN HUD Section 8 Payment Standards / SAFMR·Tennessee ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Tennessee research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 38133?
ZIP 38133 (Memphis, TN-MS-AR HUD Metro FMR Area) has 21,153 residents, 8,047 households, a renter share of 30.1%, median household income of $82,485, and ACS 2023 median gross rent of $1,449. Vacancy is 3.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 38133?
ACS counts 0 units in 2-unit buildings, 117 in 3–4 unit buildings, 330 in 5–9, 465 in 10–19, and 6 in 20–49. Combined 2–49 unit stock is 918 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 38133?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,590. See the full schedule and 90–110% payment-standard band on the ZIP 38133 — Memphis, TN HUD Section 8 Payment Standards / SAFMR.
Does this Tennessee ZIP profile include Georgia listings?
No. ZIP 38133 is Census / HUD research for Memphis, TN-MS-AR HUD Metro FMR Area. Jeff Crowe CRE does not list Tennessee property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.