Germantown is the first incorporated city inside the Memphis real estate market to the east along Poplar avenue and growth started there in the 1970s and continues today with Germantown being about 80-90% built out. Most of the new construction in Germantown now is in the $350,000 plus range. The average price of all homes sold in the 2nd quarter of 2005 for the older part of Germantown zip 38138 was $266,000 and for the newer part $415,000 .
Memphis Real Estate Area Map Going east along Poplar Ave Germantown City map.