Zip Code: 38106 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 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 38106 Zip Code (Memphis, Tennessee) in February 2026 was $57,108.069. The month over month percentage change (MoM) was -1.24%, and the year over year percentage change (YoY) was -5.62%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38106 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 38106 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: 38106 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38106 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 20246.484202281354 -0.16 7.38
Feb 2015 20145.18363548224 -0.50 4.48
Mar 2015 19885.898324402082 -1.29 2.41
Apr 2015 19686.8989180903 -1.00 0.14
May 2015 19593.686402055308 -0.47 -1.10
Jun 2015 19580.271435559313 -0.07 -1.90
Jul 2015 19620.314340910114 0.21 -2.29
Aug 2015 19611.990410429677 -0.04 -2.63
Sep 2015 19823.9950254819 1.08 -1.99
Oct 2015 20107.133081321615 1.43 -0.49
Nov 2015 20414.543685648357 1.53 0.89
Dec 2015 20568.925212991173 0.76 1.43
Jan 2016 20616.539917371894 0.23 1.83
Feb 2016 20703.015768960355 0.42 2.77
Mar 2016 20669.13562097806 -0.16 3.94
Apr 2016 20665.38389980784 -0.02 4.97
May 2016 20602.32184960222 -0.30 5.15
Jun 2016 20705.155831157732 0.50 5.75
Jul 2016 20716.91231535518 0.06 5.59
Aug 2016 20868.183312925587 0.73 6.41
Sep 2016 20923.497340069338 0.27 5.55
Oct 2016 21135.925853598386 1.01 5.12
Nov 2016 21261.25758699785 0.59 4.15
Dec 2016 21487.742019185414 1.07 4.47
Jan 2017 21940.16159279767 2.11 6.42
Feb 2017 22547.456676810154 2.77 8.91
Mar 2017 23293.237265693726 3.31 12.70
Apr 2017 23859.867136348486 2.43 15.46
May 2017 24195.0911224892 1.41 17.44
Jun 2017 24318.93287185 0.51 17.45
Jul 2017 24464.99046822412 0.60 18.09
Aug 2017 24791.84027306883 1.34 18.80
Sep 2017 25198.95471474952 1.64 20.43
Oct 2017 25715.441045132447 2.05 21.67
Nov 2017 26190.69113447231 1.85 23.19
Dec 2017 26637.109747303377 1.70 23.96
Jan 2018 26985.291884396123 1.31 23.00
Feb 2018 27205.740250285555 0.82 20.66
Mar 2018 27312.7457969855 0.39 17.26
Apr 2018 27388.628382609833 0.28 14.79
May 2018 27491.93704853803 0.38 13.63
Jun 2018 27595.051539005362 0.38 13.47
Jul 2018 27839.16955022233 0.89 13.79
Aug 2018 28214.81776756665 1.35 13.81
Sep 2018 28552.911472402822 1.20 13.31
Oct 2018 28722.00831303412 0.59 11.69
Nov 2018 28946.737433099628 0.78 10.52
Dec 2018 29428.50303471717 1.66 10.48
Jan 2019 29925.446009378382 1.69 10.90
Feb 2019 30229.84798305038 1.02 11.12
Mar 2019 30436.528606349737 0.68 11.44
Apr 2019 30476.085270087617 0.13 11.27
May 2019 30701.965559646804 0.74 11.68
Jun 2019 31004.48898289348 0.99 12.36
Jul 2019 31254.889792242237 0.81 12.27
Aug 2019 31112.940090523767 -0.45 10.27
Sep 2019 30659.794070850254 -1.46 7.38
Oct 2019 30336.661128938722 -1.05 5.62
Nov 2019 30545.681977691343 0.69 5.52
Dec 2019 31332.961183458843 2.58 6.47
Jan 2020 32292.627302447247 3.06 7.91
Feb 2020 33152.97073325553 2.66 9.67
Mar 2020 33818.97594204063 2.01 11.11
Apr 2020 34742.30820617047 2.73 14.00
May 2020 35478.641402512956 2.12 15.56
Jun 2020 35812.19037325287 0.94 15.51
Jul 2020 35437.199715829665 -1.05 13.38
Aug 2020 35452.65728486804 0.04 13.95
Sep 2020 36235.05889325423 2.21 18.18
Oct 2020 37822.32253587517 4.38 24.68
Nov 2020 39394.26880103426 4.16 28.97
Dec 2020 40644.324516264016 3.17 29.72
Jan 2021 41799.395199617305 2.84 29.44
Feb 2021 42786.81625820666 2.36 29.06
Mar 2021 44055.56479230214 2.97 30.27
Apr 2021 45331.60556585613 2.90 30.48
May 2021 46979.372589688086 3.64 32.42
Jun 2021 48573.55875443533 3.39 35.63
Jul 2021 49489.009123927935 1.89 39.65
Aug 2021 49735.41919126304 0.50 40.29
Sep 2021 49530.374990533506 -0.41 36.69
Oct 2021 49992.906624278105 0.93 32.18
Nov 2021 50881.303973945294 1.78 29.16
Dec 2021 51910.400585911935 2.02 27.72
Jan 2022 52823.761241721826 1.76 26.37
Feb 2022 53816.92022608431 1.88 25.78
Mar 2022 54820.38153011765 1.87 24.44
Apr 2022 55771.94502274101 1.74 23.03
May 2022 56381.2024957737 1.09 20.01
Jun 2022 57122.60937978106 1.32 17.60
Jul 2022 57483.252120343066 0.63 16.15
Aug 2022 57486.53483620103 0.01 15.59
Sep 2022 57118.642671237234 -0.64 15.32
Oct 2022 56852.65683248028 -0.47 13.72
Nov 2022 56709.45087343551 -0.25 11.45
Dec 2022 55970.13252250838 -1.30 7.82
Jan 2023 54586.42133978984 -2.47 3.34
Feb 2023 53128.48668633079 -2.67 -1.28
Mar 2023 52064.54390876603 -2.00 -5.03
Apr 2023 51530.40418844012 -1.03 -7.60
May 2023 51443.63751201023 -0.17 -8.76
Jun 2023 51395.84820843823 -0.09 -10.02
Jul 2023 51517.19181316127 0.24 -10.38
Aug 2023 51388.04098874337 -0.25 -10.61
Sep 2023 51379.336063440154 -0.02 -10.05
Oct 2023 51105.223893762515 -0.53 -10.11
Nov 2023 51206.64227588077 0.20 -9.70
Dec 2023 51403.38855153188 0.38 -8.16
Jan 2024 51717.95880659597 0.61 -5.25
Feb 2024 51904.65391649384 0.36 -2.30
Mar 2024 52600.08678010174 1.34 1.03
Apr 2024 53847.0532789379 2.37 4.50
May 2024 55295.40949806036 2.69 7.49
Jun 2024 56349.59567735045 1.91 9.64
Jul 2024 57229.78033316472 1.56 11.09
Aug 2024 57661.18242102286 0.75 12.21
Sep 2024 58262.90451191069 1.04 13.40
Oct 2024 58925.63628227557 1.14 15.30
Nov 2024 59791.73145690913 1.47 16.77
Dec 2024 60507.41644025724 1.20 17.71
Jan 2025 60711.12835829068 0.34 17.39
Feb 2025 60506.29516739943 -0.34 16.57
Mar 2025 60157.87626233708 -0.58 14.37
Apr 2025 59603.41143889051 -0.92 10.69
May 2025 58764.823361148105 -1.41 6.27
Jun 2025 58048.30188446586 -1.22 3.02
Jul 2025 57737.56037286241 -0.53 0.89
Aug 2025 58144.968405807194 0.71 0.84
Sep 2025 58407.07087288206 0.45 0.25
Oct 2025 58401.39883596295 -0.01 -0.89
Nov 2025 58175.86032864207 -0.39 -2.70
Dec 2025 57968.67351058433 -0.36 -4.20
Jan 2026 57824.59788231369 -0.25 -4.75
Feb 2026 57108.06942376803 -1.24 -5.62