Zip Code: 38018 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)
Updated on February 21, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 38018 Zip Code (Memphis, Tennessee) in January 2026 was $283,906.321. The month over month percentage change (MoM) was -0.23%, and the year over year percentage change (YoY) was -2.80%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38018 zip code (Memphis, Tennessee). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 38018 zip code (Memphis, Tennessee).

You can see similar information for other Tennessee zip codes, and for Tennessee.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 38018 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38018 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 144788.58294516578 0.41 3.78
Feb 2015 145276.80674571815 0.34 3.45
Mar 2015 145661.71707552747 0.27 3.08
Apr 2015 145993.05132108863 0.23 2.85
May 2015 146402.88938565733 0.28 2.66
Jun 2015 146756.02104927064 0.24 2.49
Jul 2015 147220.54105862975 0.32 2.45
Aug 2015 147664.77611036264 0.30 2.61
Sep 2015 148202.28288189924 0.36 2.98
Oct 2015 148647.4259481297 0.30 3.43
Nov 2015 149210.30581655985 0.38 3.75
Dec 2015 149893.46338018784 0.46 3.95
Jan 2016 150733.83042484478 0.56 4.11
Feb 2016 151562.2062111215 0.55 4.33
Mar 2016 152107.948334421 0.36 4.43
Apr 2016 152537.28598827485 0.28 4.48
May 2016 152611.73001947827 0.05 4.24
Jun 2016 152758.63091341718 0.10 4.09
Jul 2016 152838.28850195938 0.05 3.82
Aug 2016 153140.98487423352 0.20 3.71
Sep 2016 153680.5634793543 0.35 3.70
Oct 2016 154345.48500090966 0.43 3.83
Nov 2016 155079.17104813122 0.48 3.93
Dec 2016 155932.22612066963 0.55 4.03
Jan 2017 156942.1100979417 0.65 4.12
Feb 2017 158067.69937305714 0.72 4.29
Mar 2017 158994.16324422267 0.59 4.53
Apr 2017 159931.31576640523 0.59 4.85
May 2017 160742.8928510952 0.51 5.33
Jun 2017 161605.65236485496 0.54 5.79
Jul 2017 162350.27351581393 0.46 6.22
Aug 2017 163139.95871674365 0.49 6.53
Sep 2017 164059.50032556176 0.56 6.75
Oct 2017 165089.12677281708 0.63 6.96
Nov 2017 166487.98672399798 0.85 7.36
Dec 2017 168053.53142721532 0.94 7.77
Jan 2018 169627.75571969716 0.94 8.08
Feb 2018 170871.1077702079 0.73 8.10
Mar 2018 171934.7228858241 0.62 8.14
Apr 2018 172969.31078022302 0.60 8.15
May 2018 174063.36165107632 0.63 8.29
Jun 2018 175073.23740710327 0.58 8.33
Jul 2018 176382.2245359616 0.75 8.64
Aug 2018 177829.21177549264 0.82 9.00
Sep 2018 179415.3236609894 0.89 9.36
Oct 2018 180753.86180476614 0.75 9.49
Nov 2018 181967.81982265096 0.67 9.30
Dec 2018 183166.97737007044 0.66 8.99
Jan 2019 184188.84287023867 0.56 8.58
Feb 2019 185261.72224179158 0.58 8.42
Mar 2019 186240.37558874334 0.53 8.32
Apr 2019 187303.9782502899 0.57 8.29
May 2019 188160.19884200805 0.46 8.10
Jun 2019 189045.65255353824 0.47 7.98
Jul 2019 190046.76103506237 0.53 7.75
Aug 2019 191277.0656297653 0.65 7.56
Sep 2019 192730.55096966258 0.76 7.42
Oct 2019 194287.43242935475 0.81 7.49
Nov 2019 195852.7416957025 0.81 7.63
Dec 2019 197335.2443181078 0.76 7.74
Jan 2020 198719.36132616756 0.70 7.89
Feb 2020 200053.30658643707 0.67 7.98
Mar 2020 201479.5200906523 0.71 8.18
Apr 2020 202952.01749516663 0.73 8.35
May 2020 204094.4458512808 0.56 8.47
Jun 2020 205091.17303192234 0.49 8.49
Jul 2020 206317.88470381478 0.60 8.56
Aug 2020 208162.91428304126 0.89 8.83
Sep 2020 210768.3921681591 1.25 9.36
Oct 2020 214008.75756995648 1.54 10.15
Nov 2020 217902.38003466232 1.82 11.26
Dec 2020 221570.60217235392 1.68 12.28
Jan 2021 225041.73122639523 1.57 13.25
Feb 2021 228190.3891810185 1.40 14.07
Mar 2021 231655.06405487508 1.52 14.98
Apr 2021 235360.00247334605 1.60 15.97
May 2021 239600.60698022367 1.80 17.40
Jun 2021 244287.54205093122 1.96 19.11
Jul 2021 248904.39062354687 1.89 20.64
Aug 2021 252815.44096888098 1.57 21.45
Sep 2021 256050.25722814514 1.28 21.48
Oct 2021 259392.9789124742 1.31 21.21
Nov 2021 263250.9523792016 1.49 20.81
Dec 2021 267634.220324813 1.67 20.79
Jan 2022 272368.12533440284 1.77 21.03
Feb 2022 277395.9434690995 1.85 21.56
Mar 2022 282599.71506656636 1.88 21.99
Apr 2022 287961.96957236103 1.90 22.35
May 2022 293044.8410145163 1.77 22.31
Jun 2022 297403.7429757161 1.49 21.74
Jul 2022 300489.78713413357 1.04 20.73
Aug 2022 302342.1575086328 0.62 19.59
Sep 2022 302970.8596466912 0.21 18.33
Oct 2022 302907.8741558058 -0.02 16.78
Nov 2022 302179.57175790577 -0.24 14.79
Dec 2022 300680.76610066026 -0.50 12.35
Jan 2023 298649.26865797036 -0.68 9.65
Feb 2023 296790.4448704729 -0.62 6.99
Mar 2023 296097.9064856693 -0.23 4.78
Apr 2023 295935.4771861258 -0.05 2.77
May 2023 296296.6751776931 0.12 1.11
Jun 2023 296811.96076697455 0.17 -0.20
Jul 2023 297143.24287007214 0.11 -1.11
Aug 2023 297183.23839035793 0.01 -1.71
Sep 2023 296428.5733798769 -0.25 -2.16
Oct 2023 295395.25026918115 -0.35 -2.48
Nov 2023 294198.97962694627 -0.40 -2.64
Dec 2023 293310.4791068957 -0.30 -2.45
Jan 2024 292760.12818268465 -0.19 -1.97
Feb 2024 292666.4794241902 -0.03 -1.39
Mar 2024 293162.20453609474 0.17 -0.99
Apr 2024 294126.1977997688 0.33 -0.61
May 2024 294949.93753981363 0.28 -0.45
Jun 2024 295244.24584472104 0.10 -0.53
Jul 2024 294962.59195034625 -0.09 -0.73
Aug 2024 294177.276535969 -0.27 -1.01
Sep 2024 293141.2284797629 -0.35 -1.11
Oct 2024 292266.77820840257 -0.30 -1.06
Nov 2024 291865.4700343168 -0.14 -0.79
Dec 2024 291864.8590847344 0.00 -0.49
Jan 2025 292096.36111576465 0.08 -0.23
Feb 2025 291987.85202770605 -0.04 -0.23
Mar 2025 291550.6123102038 -0.15 -0.55
Apr 2025 290924.85599309753 -0.21 -1.09
May 2025 290444.9089342083 -0.16 -1.53
Jun 2025 289795.43422902544 -0.22 -1.85
Jul 2025 288839.84936568484 -0.33 -2.08
Aug 2025 287719.36198419874 -0.39 -2.19
Sep 2025 286702.8689313775 -0.35 -2.20
Oct 2025 285861.7151465059 -0.29 -2.19
Nov 2025 285056.82353505684 -0.28 -2.33
Dec 2025 284559.99043603946 -0.17 -2.50
Jan 2026 283906.3214385756 -0.23 -2.80