Market snapshot
This report covers ZIP 38109, Memphis, TN. Demographic and housing figures blend U.S. Census ACS 5-year estimates with current rental listings. Flip-activity figures come from public county records of real estate transactions in the last 12 months, filtered to exclude wholesale deals, family transfers, and new construction.
Flipper activity in ZIP 38109
In the last 12 months, 45 properties in ZIP 38109 were bought and resold by investors, matching a real-flip profile (28 to 540 day hold, purchase of $25K or more, no new construction, rebuilds, iBuyers or multi-parcel sales; money-losing flips included). The typical flip cleared $69K in gross margin before rehab, carrying, and closing costs, with a median hold time of 231 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | MID SOUTH HOMEBUYERS LLC | 22 |
| 2 | 901-2 0 LLC | 3 |
| 3 | MARVINS GARDEN LLC | 2 |
| 4 | 901-20 LLC | 2 |
| 5 | TRUSTMARK BANK | 1 |
Recent example
4562 SUNDOWN LN, MEMPHIS, TN, 38109 · MID SOUTH HOMEBUYERS LLC
Bought $73,000, sold $154,300 (+$81K), held 299 days.
Recent investor purchases in ZIP 38109
205 investor purchases in ZIP 38109 in the last 6 months, at a median price of $69K. 53% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 29, 2026 | 477 DELTA RD | REINESTMENT HOMES LLC | $32K | Cash |
| Oct 29, 2026 | 305 FIELDS AVE | J5 INVESTMENTS LLC | $10K | Cash |
| Oct 28, 2026 | 4974 RIDGE TRL | ABSOLUTE INVESTMENT LLC | $90K | Financed |
| Oct 28, 2026 | 4562 SUNDOWN LN | JEFFERSON LAND PROPERTIES LLC | $154K | Financed |
| Oct 27, 2026 | 316 FLYNN RD | MULDROW KIMBER | $98K | Financed |
| Oct 27, 2026 | 3206 SALTER RD | VALENTINE PROPERTY SOLUTIONS LLC | $56K | Financed |
| Oct 27, 2026 | 2139 RILE ST | REAL ESTATE DEALS 4U LLC | $28K | Financed |
| Oct 27, 2026 | 1520 HANAUER ST | REAL ESTATE DEALS 4U LLC | $28K | Financed |
| Oct 26, 2026 | 4923 BERTA RD | FAIR CASH PASSIVE 2 LLC | $20K | Cash |
| Oct 26, 2026 | 4826 LEONARD RD | FIRE HORSE 888 LLC | $85K | Financed |
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More of Memphis
See every zip, the latest investor purchases and flips across the city on the Memphis, TN fix-and-flip market report.
See every flip in 38109, with full buyer and deal details
The full tool shows every flip transaction with buyer entity, exact purchase price, sale price, margin, and hold time. Plus the complete flipper leaderboard, comps for any address, rental analysis, and our T1F Market Score.
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We built this tool. We also write the loans on flips just like the ones above.
About this data
Flip transactions: Pulled from public county recording records via SFR Analytics. Filtered to investor purchases resold 28 to 540 days later (shorter holds are wholesale or assignment deals). New construction, rebuilds, iBuyers, homebuilders, multi-parcel sales, family transfers and purchases under $25K are excluded. Money-losing flips are included, so margins reflect the real range of outcomes.
Gross margin: Sale price minus purchase price. Does not include rehab, carrying, or closing costs. Use our Deal Calculator to model full project returns.
Demographics and rent: Population, median household income, and median home value from U.S. Census ACS 5-year estimates (2022). Rental figures reflect current listings from SFR Analytics.
Why we built this: Tier One Funding is a direct bridge and fix-and-flip lender. We built this free tool because flippers kept asking us, "What are the real numbers in my market?" and there was no free answer that wasn't buried behind a paywall. Use the data to decide where to buy, then call us when you need bridge capital.