Zip Code: 38114 (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 38114 Zip Code (Memphis, Tennessee) in February 2026 was $72,447.358. The month over month percentage change (MoM) was -0.77%, and the year over year percentage change (YoY) was -11.31%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38114 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 38114 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: 38114 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38114 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 30007.798292755255 0.17 9.35
Feb 2015 29751.919361284996 -0.85 7.34
Mar 2015 29284.95250037711 -1.57 5.07
Apr 2015 28830.63411662129 -1.55 0.77
May 2015 28768.677660525747 -0.21 -2.31
Jun 2015 28979.950237486744 0.73 -3.48
Jul 2015 29223.13171966204 0.84 -3.75
Aug 2015 29109.789170653155 -0.39 -3.88
Sep 2015 29012.352302043117 -0.33 -3.97
Oct 2015 29131.43553299407 0.41 -2.62
Nov 2015 29474.541097737198 1.18 -1.46
Dec 2015 29804.815687375336 1.12 -0.50
Jan 2016 29924.64323048566 0.40 -0.28
Feb 2016 30070.103552884157 0.49 1.07
Mar 2016 30107.198662402127 0.12 2.81
Apr 2016 30096.11708113991 -0.04 4.39
May 2016 30168.91460599334 0.24 4.87
Jun 2016 30260.65808059643 0.30 4.42
Jul 2016 30142.36470036811 -0.39 3.15
Aug 2016 29999.261210208682 -0.47 3.06
Sep 2016 29901.855949572913 -0.32 3.07
Oct 2016 30203.454825787558 1.01 3.68
Nov 2016 30459.539628279497 0.85 3.34
Dec 2016 30766.118179172412 1.01 3.23
Jan 2017 31218.515650483914 1.47 4.32
Feb 2017 31731.784647291108 1.64 5.53
Mar 2017 32347.032941944606 1.94 7.44
Apr 2017 32622.18756804973 0.85 8.39
May 2017 32708.729922079187 0.27 8.42
Jun 2017 32550.006744156137 -0.48 7.57
Jul 2017 32736.951474143687 0.57 8.61
Aug 2017 33134.67673352037 1.22 10.45
Sep 2017 33520.201365309425 1.16 12.10
Oct 2017 33892.71742703298 1.11 12.22
Nov 2017 34220.99936949543 0.97 12.35
Dec 2017 34690.4824420226 1.37 12.76
Jan 2018 35228.581991182145 1.55 12.85
Feb 2018 35753.94968615869 1.49 12.68
Mar 2018 36375.57384753075 1.74 12.45
Apr 2018 36891.47488551892 1.42 13.09
May 2018 37302.47742478336 1.11 14.04
Jun 2018 37435.407460222355 0.36 15.01
Jul 2018 37750.009761121524 0.84 15.31
Aug 2018 38273.09359806941 1.39 15.51
Sep 2018 38903.96833941853 1.65 16.06
Oct 2018 39315.23322736564 1.06 16.00
Nov 2018 39719.20607364586 1.03 16.07
Dec 2018 40395.75479171737 1.70 16.45
Jan 2019 41066.87623383654 1.66 16.57
Feb 2019 41323.59687530589 0.63 15.58
Mar 2019 41075.551454477354 -0.60 12.92
Apr 2019 40566.86108304267 -1.24 9.96
May 2019 40689.15202520341 0.30 9.08
Jun 2019 41380.01552697701 1.70 10.54
Jul 2019 42302.086462095605 2.23 12.06
Aug 2019 42899.37334659813 1.41 12.09
Sep 2019 43050.23469962104 0.35 10.66
Oct 2019 42985.66082732706 -0.15 9.34
Nov 2019 43270.52568098455 0.66 8.94
Dec 2019 44241.80854564876 2.25 9.52
Jan 2020 45461.474839065515 2.76 10.70
Feb 2020 46488.93644667295 2.26 12.50
Mar 2020 47389.83139970701 1.94 15.37
Apr 2020 49041.041937510396 3.48 20.89
May 2020 50529.00179620641 3.03 24.18
Jun 2020 51410.593925204324 1.75 24.24
Jul 2020 51565.99377135868 0.30 21.90
Aug 2020 52550.32626225133 1.91 22.50
Sep 2020 54633.64390597211 3.96 26.91
Oct 2020 57293.21219178714 4.87 33.28
Nov 2020 59461.57350969915 3.79 37.42
Dec 2020 61132.82820589994 2.81 38.18
Jan 2021 62528.34583201548 2.28 37.54
Feb 2021 63830.339165659236 2.08 37.30
Mar 2021 65481.201278132445 2.59 38.18
Apr 2021 67033.35882011054 2.37 36.69
May 2021 69115.95471318167 3.11 36.78
Jun 2021 71220.61376779065 3.05 38.53
Jul 2021 72876.47988594817 2.33 41.33
Aug 2021 73546.5757071302 0.92 39.96
Sep 2021 73176.10221627913 -0.50 33.94
Oct 2021 73350.66205656309 0.24 28.03
Nov 2021 74304.4462717706 1.30 24.96
Dec 2021 75829.63790531819 2.05 24.04
Jan 2022 77611.84754409241 2.35 24.12
Feb 2022 79571.79428874509 2.53 24.66
Mar 2022 81688.18926510651 2.66 24.75
Apr 2022 83756.64892062424 2.53 24.95
May 2022 84962.74670865179 1.44 22.93
Jun 2022 86182.62827567483 1.44 21.01
Jul 2022 86453.95891961 0.32 18.63
Aug 2022 86400.3654918183 -0.06 17.48
Sep 2022 85783.95904543324 -0.71 17.23
Oct 2022 85909.31143266604 0.15 17.12
Nov 2022 86254.33394425541 0.40 16.08
Dec 2022 85731.54098803342 -0.61 13.06
Jan 2023 83759.71690950057 -2.30 7.92
Feb 2023 81478.47269180838 -2.72 2.40
Mar 2023 80078.96341829911 -1.72 -1.97
Apr 2023 79732.39295185966 -0.43 -4.80
May 2023 79954.46305875723 0.28 -5.89
Jun 2023 79617.9185931037 -0.42 -7.62
Jul 2023 78929.32364374954 -0.86 -8.70
Aug 2023 77894.73696684536 -1.31 -9.84
Sep 2023 76944.99306936891 -1.22 -10.30
Oct 2023 75858.61855301473 -1.41 -11.70
Nov 2023 75462.08003929885 -0.52 -12.51
Dec 2023 75331.5018738176 -0.17 -12.13
Jan 2024 75275.77663154928 -0.07 -10.13
Feb 2024 74827.46690263 -0.60 -8.16
Mar 2024 75114.46079949732 0.38 -6.20
Apr 2024 76196.97012362037 1.44 -4.43
May 2024 77753.17370532938 2.04 -2.75
Jun 2024 79027.00582645048 1.64 -0.74
Jul 2024 79846.89394235019 1.04 1.16
Aug 2024 79828.9708699679 -0.02 2.48
Sep 2024 79844.56646628318 0.02 3.77
Oct 2024 80289.81914280819 0.56 5.84
Nov 2024 81237.85282748734 1.18 7.65
Dec 2024 82072.56956628205 1.03 8.95
Jan 2025 82176.9870711218 0.13 9.17
Feb 2025 81691.04024822098 -0.59 9.17
Mar 2025 80607.86989485161 -1.33 7.31
Apr 2025 78973.5617360102 -2.03 3.64
May 2025 76994.6347791728 -2.51 -0.98
Jun 2025 75421.43841295922 -2.04 -4.56
Jul 2025 74537.46419893777 -1.17 -6.65
Aug 2025 74536.66691561759 0.00 -6.63
Sep 2025 74514.26021735142 -0.03 -6.68
Oct 2025 74350.75608421482 -0.22 -7.40
Nov 2025 73793.65266124558 -0.75 -9.16
Dec 2025 73324.03749478383 -0.64 -10.66
Jan 2026 73008.926450308 -0.43 -11.16
Feb 2026 72447.35778803493 -0.77 -11.31