Zip Code: 38116 (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 38116 Zip Code (Memphis, Tennessee) in January 2026 was $154,078.998. The month over month percentage change (MoM) was 0.38%, and the year over year percentage change (YoY) was 0.45%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38116 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 38116 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: 38116 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38116 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 75056.91066439573 0.68 8.43
Feb 2015 75377.65094173736 0.43 6.84
Mar 2015 75521.6536842616 0.19 5.41
Apr 2015 75504.4766913014 -0.02 3.70
May 2015 75635.48538032298 0.17 2.41
Jun 2015 75698.91512393681 0.08 1.47
Jul 2015 75892.24932927096 0.26 1.00
Aug 2015 75824.36123865559 -0.09 1.00
Sep 2015 75825.48221742644 0.00 1.38
Oct 2015 76110.02565868328 0.38 2.56
Nov 2015 76677.27931523301 0.75 3.40
Dec 2015 77482.99794896542 1.05 3.94
Jan 2016 78401.93002132747 1.19 4.46
Feb 2016 79174.18244687626 0.99 5.04
Mar 2016 79591.67274308045 0.53 5.39
Apr 2016 79595.19415726024 0.00 5.42
May 2016 79365.66369969223 -0.29 4.93
Jun 2016 79120.2896128619 -0.31 4.52
Jul 2016 78948.05063611291 -0.22 4.03
Aug 2016 79326.99971208886 0.48 4.62
Sep 2016 79981.62117938405 0.83 5.48
Oct 2016 80863.15594684258 1.10 6.25
Nov 2016 81720.27815239714 1.06 6.58
Dec 2016 82627.8421711526 1.11 6.64
Jan 2017 83370.21213103906 0.90 6.34
Feb 2017 83714.77510357393 0.41 5.74
Mar 2017 84112.97052044276 0.48 5.68
Apr 2017 84566.4065963466 0.54 6.25
May 2017 85228.6805245639 0.78 7.39
Jun 2017 85582.83786339356 0.42 8.17
Jul 2017 85965.37116828912 0.45 8.89
Aug 2017 86631.35691456836 0.78 9.21
Sep 2017 87726.28955457929 1.26 9.68
Oct 2017 89008.435082845 1.46 10.07
Nov 2017 90120.49988552577 1.25 10.28
Dec 2017 90987.22033110051 0.96 10.12
Jan 2018 91524.73021309976 0.59 9.78
Feb 2018 91780.1963479799 0.28 9.63
Mar 2018 92018.39691176689 0.26 9.40
Apr 2018 92483.95354370766 0.51 9.36
May 2018 93249.71439403466 0.83 9.41
Jun 2018 94061.80760869145 0.87 9.91
Jul 2018 94986.03614361398 0.98 10.49
Aug 2018 95951.38263376751 1.02 10.76
Sep 2018 96751.983408002 0.83 10.29
Oct 2018 97496.70138603995 0.77 9.54
Nov 2018 98343.54130928828 0.87 9.12
Dec 2018 99571.02666489973 1.25 9.43
Jan 2019 100529.29865412752 0.96 9.84
Feb 2019 101262.08581304683 0.73 10.33
Mar 2019 101544.5674208516 0.28 10.35
Apr 2019 101863.63097650376 0.31 10.14
May 2019 102187.31968996092 0.32 9.59
Jun 2019 102923.39819862432 0.72 9.42
Jul 2019 103872.21522984632 0.92 9.36
Aug 2019 104585.69200949877 0.69 9.00
Sep 2019 105080.1273161047 0.47 8.61
Oct 2019 105552.57764055488 0.45 8.26
Nov 2019 106440.04589397059 0.84 8.23
Dec 2019 107559.86405976089 1.05 8.02
Jan 2020 108604.12491488784 0.97 8.03
Feb 2020 109541.77444629709 0.86 8.18
Mar 2020 110132.47870338809 0.54 8.46
Apr 2020 110782.49664877506 0.59 8.76
May 2020 111274.8526509296 0.44 8.89
Jun 2020 112049.25890292686 0.70 8.87
Jul 2020 113046.25948853145 0.89 8.83
Aug 2020 114503.84851376475 1.29 9.48
Sep 2020 116474.99952138285 1.72 10.84
Oct 2020 118876.99291843583 2.06 12.62
Nov 2020 121611.31978897982 2.30 14.25
Dec 2020 123962.52842949763 1.93 15.25
Jan 2021 126121.05622024885 1.74 16.13
Feb 2021 127794.64783719044 1.33 16.66
Mar 2021 129692.51826655213 1.49 17.76
Apr 2021 131562.65114233774 1.44 18.76
May 2021 133922.08023750133 1.79 20.35
Jun 2021 136797.27392613958 2.15 22.09
Jul 2021 138210.44814499488 1.03 22.26
Aug 2021 138358.8108173363 0.11 20.83
Sep 2021 137186.46286622292 -0.85 17.78
Oct 2021 137312.16597230593 0.09 15.51
Nov 2021 138393.79203833066 0.79 13.80
Dec 2021 140148.14208446365 1.27 13.06
Jan 2022 143027.91136032177 2.06 13.41
Feb 2022 146762.93590313263 2.61 14.84
Mar 2022 150822.55453222862 2.77 16.29
Apr 2022 154043.37175142486 2.14 17.09
May 2022 156315.74427025358 1.48 16.72
Jun 2022 158599.80626532063 1.46 15.94
Jul 2022 160661.86144233125 1.30 16.24
Aug 2022 162366.0876519856 1.06 17.35
Sep 2022 163395.04959310716 0.63 19.10
Oct 2022 163855.8720557596 0.28 19.33
Nov 2022 163642.07397360718 -0.13 18.24
Dec 2022 162110.74940896773 -0.94 15.67
Jan 2023 159551.90107124593 -1.58 11.55
Feb 2023 156588.83499785324 -1.86 6.70
Mar 2023 154619.0029183575 -1.26 2.52
Apr 2023 153975.89296469852 -0.42 -0.04
May 2023 154201.49903390455 0.15 -1.35
Jun 2023 154492.67450143673 0.19 -2.59
Jul 2023 154327.9229695747 -0.11 -3.94
Aug 2023 154133.0801980549 -0.13 -5.07
Sep 2023 153476.87380869582 -0.43 -6.07
Oct 2023 152101.14718763976 -0.90 -7.17
Nov 2023 150291.56023282235 -1.19 -8.16
Dec 2023 148972.74374658216 -0.88 -8.10
Jan 2024 148090.35565287573 -0.59 -7.18
Feb 2024 147996.10807716832 -0.06 -5.49
Mar 2024 148556.73225886966 0.38 -3.92
Apr 2024 150144.93668939834 1.07 -2.49
May 2024 152025.85800685274 1.25 -1.41
Jun 2024 152976.4837186865 0.63 -0.98
Jul 2024 153050.47443859171 0.05 -0.83
Aug 2024 152121.03718324093 -0.61 -1.30
Sep 2024 151317.3225858392 -0.53 -1.41
Oct 2024 150913.3903229366 -0.27 -0.78
Nov 2024 151529.26052758424 0.41 0.82
Dec 2024 152366.80101403114 0.55 2.28
Jan 2025 153387.5933171594 0.67 3.58
Feb 2025 153965.15568626695 0.38 4.03
Mar 2025 154297.35779333455 0.22 3.86
Apr 2025 154194.65313557393 -0.07 2.70
May 2025 153291.03270960634 -0.59 0.83
Jun 2025 152535.96211243182 -0.49 -0.29
Jul 2025 151717.14664589576 -0.54 -0.87
Aug 2025 151571.99159022255 -0.10 -0.36
Sep 2025 151521.87313957655 -0.03 0.14
Oct 2025 151924.89748214115 0.27 0.67
Nov 2025 152658.28427640907 0.48 0.75
Dec 2025 153489.11476903353 0.54 0.74
Jan 2026 154078.997833768 0.38 0.45