{"level":"city","name":"Memphis","state":"TN","state_name":"Tennessee","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis","parent":{"name":"Tennessee","page":"https://www.retrorate.com/assumable-mortgages/tennessee"},"counted_as_of":"2026-10-15","market_rate":{"value":7.3,"label":"average 30-year fixed rate","as_of":"2026-10-16","source":"Optimal Blue Mortgage Market Indices (OBMMI)"},"savings_basis":{"comparison":"the assumable loan against a new loan for the same amount, at the same cash to close","includes":"principal and interest only","remaining_term_years":25,"remaining_term_assumed":true},"coverage":{"tier":"B","on_market":"off-market only: counts cover homes with a mortgage carrying an assumable loan"},"figures":{"assumable_homes":26182,"avg_assumable_rate":5.24,"avg_balance":127822,"avg_monthly_savings":111,"rate_bands":{"under_3":1616,"3_to_4":5861,"4_to_5":5231,"5_and_over":13474}},"zip_codes":{"note":"The ZIP codes with the most assumable stock in this city, not every ZIP in it.","published":[{"name":"38016","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38016","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38016.json","assumable_homes":4582,"avg_assumable_rate":4.44,"avg_monthly_savings":262,"on_market_coverage":false},{"name":"38018","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38018","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38018.json","assumable_homes":3522,"avg_assumable_rate":4.53,"avg_monthly_savings":246,"on_market_coverage":false},{"name":"38125","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38125","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38125.json","assumable_homes":2932,"avg_assumable_rate":4.68,"avg_monthly_savings":207,"on_market_coverage":false},{"name":"38134","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38134","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38134.json","assumable_homes":2445,"avg_assumable_rate":4.86,"avg_monthly_savings":159,"on_market_coverage":false},{"name":"38128","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38128","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38128.json","assumable_homes":2060,"avg_assumable_rate":5.38,"avg_monthly_savings":84,"on_market_coverage":false},{"name":"38117","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38117","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38117.json","assumable_homes":1983,"avg_assumable_rate":4.86,"avg_monthly_savings":177,"on_market_coverage":false},{"name":"38141","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38141","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38141.json","assumable_homes":1851,"avg_assumable_rate":5.22,"avg_monthly_savings":98,"on_market_coverage":false},{"name":"38111","page":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38111","data":"https://www.retrorate.com/assumable-mortgages/tennessee/memphis/38111.json","assumable_homes":1563,"avg_assumable_rate":5.62,"avg_monthly_savings":79,"on_market_coverage":false}]},"terms":{"publisher":"RetroRate (Assumable Technologies Inc.)","source":"RetroRate production data, from public data sources and county records","attribution":"Cite as RetroRate, with a link to the page URL.","contact":"press@retrorate.com","documentation":"https://www.retrorate.com/assumable-mortgages"}}