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Single Family ResidenceResidential
$123,310$109 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

5018 PENWOOD CV

MEMPHIS, TN 38118
3
Beds
2
Baths
1,132 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.18 ac
Lot SizeThe size of the land the home sits on, from county records.
1973
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$123K
$114K low$133K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$769 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$28,575 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$3,625
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$24,950
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$17,425
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$114,300

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.20
24
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
37
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
43
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.4 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Traditional/Old
CountySHELBY
Lot (acres)The size of the land the home sits on, from county records.0.18
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Carport (Unspecified)
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 16 ft²Porch · 312 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Oakhaven Middle SchoolF
Middle · Grades 6–8 · 2.4 mi
H
Oakhaven High SchoolD
High · Grades 9–12 · 2.4 mi
E
Ross Elementary SchoolD-
Elementary · Grades PK–5 · 7.3 mi

District: Memphis-Shelby County Schools

Neighborhood · ZIP 38118These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.106
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.114
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.226

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.85%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.9.7%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.29%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.37,416
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,229 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$46,563
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$60,913
Average tempThe average temperature here across a full year.61°F
Annual precipHow much rain and melted snow falls here in a typical year.55 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.64%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5018 Penwood Cv measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 72% of homes in Shelby County
  • Costs more per square foot than 87% of homes in Memphis 38118
  • Smaller than 84% of homes in Shelby County
  • Has a smaller lot than 75% of homes in Memphis 38118
  • Newer than 82% of homes in Memphis 38118

What homes are worth in Memphis 38118

Each bar is how many homes fall in that price range. The marker is this home.

This home
$50K$187K

This home is worth more than 51% of homes in Memphis 38118.

How it measures up in Memphis 38118

The dot is this home. The mark in the middle is the typical home in Memphis 38118.

Estimated value$123,310
CheaperTypical $122,899Pricier

Pricier than 51% of homes nearby

Price per ft²$109
CheaperTypical $88Pricier

Pricier than 87% of homes nearby

Living area1,132 ft²
SmallerTypical 1,382 ft²Bigger

Bigger than 21% of homes nearby

Lot size0.18 ac
SmallerTypical 0.21 acBigger

Bigger than 25% of homes nearby

Year built1973
OlderTypical 1966Newer

Newer than 82% of homes nearby

How 5018 Penwood Cv ranks against every home in each area.
MeasureThis homeMemphis 38118Shelby County
Estimated valuepricier than$123,31051% of homes28% of homes
Price per ft²pricier than$10987% of homes45% of homes
Living areabigger than1,132 ft²21% of homes16% of homes
Lot sizebigger than0.18 ac25% of homes29% of homes
Year builtnewer than197382% of homes50% of homes

About 5018 Penwood Cv

How much is 5018 Penwood Cv, Memphis, TN worth?

The TopHap Estimate for 5018 Penwood Cv, Memphis, TN is $123,310 as of Sep 24, 2026. The likely range is $113,597 to $133,023. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5018 Penwood Cv, Memphis, TN last sell?

5018 Penwood Cv, Memphis, TN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 5018 Penwood Cv, Memphis, TN?

5018 Penwood Cv, Memphis, TN has 3 bedrooms, 2 bathrooms, 1,132 square feet of living space and a 0.18-acre lot.

When was 5018 Penwood Cv, Memphis, TN built?

5018 Penwood Cv, Memphis, TN was built in 1973, making it 53 years old. It is a traditional/old home. The building has 1 story.

What schools serve 5018 Penwood Cv, Memphis, TN?

5018 Penwood Cv, Memphis, TN is assigned to Oakhaven Middle School (middle), rated F; Oakhaven High School (high), rated D; Ross Elementary School (elementary), rated D-. All sit in Memphis-Shelby County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5018 Penwood Cv, Memphis, TN compare to other homes in Memphis 38118?

Among the 10,593 homes in Memphis 38118, it is worth more than 51% of them ($123,310 against a typical $122,899), its price per square foot is higher than 87% of them ($109 against a typical $88), it is bigger than 21% of them (1,132 ft² against a typical 1,382 ft²), its lot is bigger than 25% of them (0.18 ac against a typical 0.21 ac) and it is newer than 82% of them (1973 against a typical 1966). Measured against all of Shelby County, it is worth more than 28% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5018 Penwood Cv, Memphis, TN?

The 2025 property tax bill for 5018 Penwood Cv, Memphis, TN was $769. The county assessed it at $28,575.

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