Zip Code: 38108 (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 38108 Zip Code (Memphis, Tennessee) in January 2026 was $69,650.941. The month over month percentage change (MoM) was -0.27%, and the year over year percentage change (YoY) was -9.79%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38108 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 38108 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: 38108 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38108 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 27573.29448110689 0.43 10.60
Feb 2015 27369.024279360423 -0.74 8.71
Mar 2015 27199.902162210492 -0.62 7.35
Apr 2015 27104.658004001252 -0.35 5.34
May 2015 27394.83571912217 1.07 4.29
Jun 2015 27539.046089089403 0.53 3.66
Jul 2015 27530.17732724843 -0.03 2.73
Aug 2015 27365.058419018373 -0.60 1.58
Sep 2015 27439.98903962459 0.27 0.93
Oct 2015 27677.8341761261 0.87 1.57
Nov 2015 27983.113671898962 1.10 2.23
Dec 2015 28138.48873015938 0.56 2.48
Jan 2016 28284.701330467567 0.52 2.58
Feb 2016 28212.727167569985 -0.25 3.08
Mar 2016 28027.71425770824 -0.66 3.04
Apr 2016 27949.839611668944 -0.28 3.12
May 2016 28117.139579446102 0.60 2.64
Jun 2016 28303.588780898444 0.66 2.78
Jul 2016 27947.838132817866 -1.26 1.52
Aug 2016 27660.333730527855 -1.03 1.08
Sep 2016 27447.021149210417 -0.77 0.03
Oct 2016 27788.98793019231 1.25 0.40
Nov 2016 28177.34260989838 1.40 0.69
Dec 2016 28663.036036165722 1.72 1.86
Jan 2017 29293.66231300611 2.20 3.57
Feb 2017 29758.55731117008 1.59 5.48
Mar 2017 30175.396468953008 1.40 7.66
Apr 2017 30263.782268872706 0.29 8.28
May 2017 30270.22412768542 0.02 7.66
Jun 2017 30196.549895230884 -0.24 6.69
Jul 2017 30175.944095378964 -0.07 7.97
Aug 2017 30421.893161531785 0.82 9.98
Sep 2017 30718.79309188353 0.98 11.92
Oct 2017 31325.213938255372 1.97 12.73
Nov 2017 31917.697882487322 1.89 13.27
Dec 2017 32423.220952586897 1.58 13.12
Jan 2018 32677.55946915352 0.78 11.55
Feb 2018 32669.663602321627 -0.02 9.78
Mar 2018 32646.248328845875 -0.07 8.19
Apr 2018 32694.532279393636 0.15 8.03
May 2018 32879.38454587041 0.56 8.62
Jun 2018 33243.64997826959 1.11 10.09
Jul 2018 33815.09091645264 1.72 12.06
Aug 2018 34644.22914234219 2.45 13.88
Sep 2018 35400.68325752752 2.18 15.24
Oct 2018 36140.78798252781 2.09 15.37
Nov 2018 36904.818505994845 2.11 15.63
Dec 2018 37862.40567063126 2.60 16.78
Jan 2019 38541.7624206724 1.79 17.95
Feb 2019 38937.48406937113 1.03 19.18
Mar 2019 39110.7560024616 0.45 19.80
Apr 2019 39168.1040742984 0.15 19.80
May 2019 39338.82700635842 0.44 19.65
Jun 2019 39624.81349502221 0.73 19.20
Jul 2019 39971.478401003005 0.88 18.21
Aug 2019 39918.78697701929 -0.13 15.23
Sep 2019 39674.0778549365 -0.61 12.07
Oct 2019 39322.41335820933 -0.89 8.80
Nov 2019 39374.65325254429 0.13 6.69
Dec 2019 39854.428907950394 1.22 5.26
Jan 2020 40622.27962305536 1.93 5.40
Feb 2020 41543.03925905438 2.27 6.69
Mar 2020 42269.18686998482 1.75 8.08
Apr 2020 43246.33667414193 2.31 10.41
May 2020 44068.536902860644 1.90 12.02
Jun 2020 44738.31746281808 1.52 12.91
Jul 2020 44832.9780095708 0.21 12.16
Aug 2020 45359.15895529959 1.17 13.63
Sep 2020 46589.826411837064 2.71 17.43
Oct 2020 48554.392986239814 4.22 23.48
Nov 2020 50374.67890081196 3.75 27.94
Dec 2020 51861.29119885197 2.95 30.13
Jan 2021 53047.230502307786 2.29 30.59
Feb 2021 54162.60202423877 2.10 30.38
Mar 2021 55324.04403323468 2.14 30.89
Apr 2021 56723.90368875137 2.53 31.17
May 2021 58403.44671549122 2.96 32.53
Jun 2021 60288.20643785041 3.23 34.76
Jul 2021 61627.85854856268 2.22 37.46
Aug 2021 62356.17402949621 1.18 37.47
Sep 2021 62284.93971478459 -0.11 33.69
Oct 2021 62602.68194838726 0.51 28.93
Nov 2021 63358.71162788884 1.21 25.78
Dec 2021 64762.803464820005 2.22 24.88
Jan 2022 66444.73821060755 2.60 25.26
Feb 2022 68132.71063317507 2.54 25.79
Mar 2022 69414.18171229986 1.88 25.47
Apr 2022 70517.99392173733 1.59 24.32
May 2022 71451.57659788568 1.32 22.34
Jun 2022 72893.70880402141 2.02 20.91
Jul 2022 74065.13060744159 1.61 20.18
Aug 2022 74737.49960669207 0.91 19.86
Sep 2022 74586.4617755537 -0.20 19.75
Oct 2022 74433.19011613492 -0.20 18.90
Nov 2022 74408.39120436578 -0.03 17.44
Dec 2022 73720.11081337559 -0.92 13.83
Jan 2023 72090.59739767406 -2.21 8.50
Feb 2023 70462.45830316262 -2.26 3.42
Mar 2023 70036.52150396409 -0.60 0.90
Apr 2023 70356.37328475752 0.46 -0.23
May 2023 70901.57880069759 0.78 -0.77
Jun 2023 71000.90369818674 0.14 -2.60
Jul 2023 70854.79953351627 -0.21 -4.33
Aug 2023 70089.84019458576 -1.08 -6.22
Sep 2023 68824.22999998658 -1.81 -7.73
Oct 2023 67404.39077683257 -2.06 -9.44
Nov 2023 66593.98838014474 -1.20 -10.50
Dec 2023 66104.36390127712 -0.73 -10.33
Jan 2024 65731.91629189417 -0.56 -8.82
Feb 2024 65669.96196758613 -0.09 -6.80
Mar 2024 66680.0257341443 1.54 -4.79
Apr 2024 68591.19751477455 2.87 -2.51
May 2024 70760.48826867553 3.16 -0.20
Jun 2024 72376.78865540719 2.28 1.94
Jul 2024 73699.3365371393 1.83 4.01
Aug 2024 74414.75927171412 0.97 6.17
Sep 2024 75141.14391738056 0.98 9.18
Oct 2024 75817.7892843486 0.90 12.48
Nov 2024 76533.94187600266 0.95 14.93
Dec 2024 77145.03066184015 0.80 16.70
Jan 2025 77209.0912044524 0.08 17.46
Feb 2025 76694.85461406164 -0.67 16.79
Mar 2025 75844.00189151667 -1.11 13.74
Apr 2025 74783.96757192294 -1.40 9.03
May 2025 73731.65773749816 -1.41 4.20
Jun 2025 72725.26868349817 -1.36 0.48
Jul 2025 71868.19460793218 -1.18 -2.48
Aug 2025 71594.35274110748 -0.38 -3.79
Sep 2025 71366.96676996142 -0.32 -5.02
Oct 2025 71029.82296955049 -0.47 -6.31
Nov 2025 70293.98318331504 -1.04 -8.15
Dec 2025 69839.07434524926 -0.65 -9.47
Jan 2026 69650.9413203968 -0.27 -9.79