Zip Code: 38117 (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 38117 Zip Code (Memphis, Tennessee) in February 2026 was $260,719.234. The month over month percentage change (MoM) was -0.05%, and the year over year percentage change (YoY) was -1.59%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38117 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 38117 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: 38117 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38117 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 142616.58363372766 0.56 2.12
Feb 2015 143353.96261812918 0.52 2.13
Mar 2015 143855.62682924245 0.35 1.96
Apr 2015 144387.0660797299 0.37 1.81
May 2015 144902.91853493126 0.36 1.89
Jun 2015 145356.72384916464 0.31 2.19
Jul 2015 145709.54189476464 0.24 2.58
Aug 2015 145829.9761975224 0.08 2.88
Sep 2015 146236.449126292 0.28 3.34
Oct 2015 146800.04710348177 0.39 4.01
Nov 2015 147721.39164803375 0.63 4.54
Dec 2015 148587.10575024722 0.59 4.77
Jan 2016 149521.37541694447 0.63 4.84
Feb 2016 150263.86418390743 0.50 4.82
Mar 2016 150818.3540231577 0.37 4.84
Apr 2016 151242.07142914584 0.28 4.75
May 2016 151413.80626632497 0.11 4.49
Jun 2016 151610.3129873002 0.13 4.30
Jul 2016 151582.63602931055 -0.02 4.03
Aug 2016 151920.5772241462 0.22 4.18
Sep 2016 152630.5028456441 0.47 4.37
Oct 2016 153843.635985948 0.80 4.80
Nov 2016 155240.89216637032 0.91 5.09
Dec 2016 156650.833612067 0.91 5.43
Jan 2017 157803.77413275847 0.74 5.54
Feb 2017 158894.27841976236 0.69 5.74
Mar 2017 159915.35420370087 0.64 6.03
Apr 2017 161308.16386538706 0.87 6.66
May 2017 162669.76753872508 0.84 7.43
Jun 2017 164136.81904071558 0.90 8.26
Jul 2017 165497.66759420416 0.83 9.18
Aug 2017 166719.356369842 0.74 9.74
Sep 2017 167815.50753046336 0.66 9.95
Oct 2017 168741.28140917057 0.55 9.68
Nov 2017 169659.32077312536 0.54 9.29
Dec 2017 170596.12507765568 0.55 8.90
Jan 2018 171105.5243926337 0.30 8.43
Feb 2018 171308.9894421829 0.12 7.81
Mar 2018 171534.78570874524 0.13 7.27
Apr 2018 172301.01677069158 0.45 6.82
May 2018 173543.7372195219 0.72 6.69
Jun 2018 174827.16985047143 0.74 6.51
Jul 2018 176355.81754627475 0.87 6.56
Aug 2018 177925.96858766113 0.89 6.72
Sep 2018 179443.0693064531 0.85 6.93
Oct 2018 180682.92013056742 0.69 7.08
Nov 2018 182141.14715414328 0.81 7.36
Dec 2018 183934.67859835838 0.99 7.82
Jan 2019 185140.94867134027 0.66 8.20
Feb 2019 185960.78410787787 0.44 8.55
Mar 2019 186487.8065674986 0.28 8.72
Apr 2019 187477.60804991671 0.53 8.81
May 2019 188438.47972206108 0.51 8.58
Jun 2019 189495.44606049496 0.56 8.39
Jul 2019 190691.4644203449 0.63 8.13
Aug 2019 191686.45974978665 0.52 7.73
Sep 2019 192464.82843998706 0.41 7.26
Oct 2019 193174.6386504963 0.37 6.91
Nov 2019 194356.43382372908 0.61 6.71
Dec 2019 195691.3200217818 0.69 6.39
Jan 2020 197172.19200739238 0.76 6.50
Feb 2020 198654.5846455416 0.75 6.83
Mar 2020 200410.36769876024 0.88 7.47
Apr 2020 202173.66437306927 0.88 7.84
May 2020 203722.96589100335 0.77 8.11
Jun 2020 205169.4342719124 0.71 8.27
Jul 2020 207111.34238867133 0.95 8.61
Aug 2020 209450.23889039693 1.13 9.27
Sep 2020 212676.9880525058 1.54 10.50
Oct 2020 216279.73850991973 1.69 11.96
Nov 2020 220453.78607578282 1.93 13.43
Dec 2020 224057.4891121307 1.64 14.50
Jan 2021 227333.56345012187 1.46 15.30
Feb 2021 230277.6270053184 1.30 15.92
Mar 2021 233532.36565813507 1.41 16.53
Apr 2021 236806.44773945157 1.40 17.13
May 2021 240362.60077887343 1.50 17.99
Jun 2021 243863.03305566648 1.46 18.86
Jul 2021 246614.512996465 1.13 19.07
Aug 2021 247859.9723169379 0.51 18.34
Sep 2021 248082.71558549252 0.09 16.65
Oct 2021 248572.27527966865 0.20 14.93
Nov 2021 249938.17218131584 0.55 13.37
Dec 2021 251728.4980414837 0.72 12.35
Jan 2022 254951.79684291154 1.28 12.15
Feb 2022 259153.71668233527 1.65 12.54
Mar 2022 264173.7781326387 1.94 13.12
Apr 2022 268843.7965212298 1.77 13.53
May 2022 272955.65162293 1.53 13.56
Jun 2022 276124.8130116829 1.16 13.23
Jul 2022 277457.3558387549 0.48 12.51
Aug 2022 277263.087759476 -0.07 11.86
Sep 2022 275882.5109612255 -0.50 11.21
Oct 2022 274538.8320846863 -0.49 10.45
Nov 2022 273393.8276444346 -0.42 9.39
Dec 2022 272155.340995902 -0.45 8.12
Jan 2023 270306.4934490909 -0.68 6.02
Feb 2023 268560.87051046727 -0.65 3.63
Mar 2023 267901.47074798436 -0.25 1.41
Apr 2023 267860.89788704884 -0.01 -0.37
May 2023 268226.5170149595 0.14 -1.73
Jun 2023 268481.43778503925 0.10 -2.77
Jul 2023 268856.8013208737 0.14 -3.10
Aug 2023 269359.4331697089 0.19 -2.85
Sep 2023 269684.2353746566 0.12 -2.25
Oct 2023 269617.9097311718 -0.02 -1.79
Nov 2023 269060.6359869879 -0.21 -1.58
Dec 2023 268311.9954946156 -0.28 -1.41
Jan 2024 268172.22207832476 -0.05 -0.79
Feb 2024 268721.9107413594 0.21 0.06
Mar 2024 270018.03250156285 0.48 0.79
Apr 2024 271028.65811328235 0.37 1.18
May 2024 271242.9912624829 0.08 1.13
Jun 2024 270475.03573294723 -0.28 0.74
Jul 2024 269141.72839868657 -0.49 0.11
Aug 2024 267393.758868521 -0.65 -0.73
Sep 2024 265730.73745087505 -0.62 -1.47
Oct 2024 264757.47575846006 -0.37 -1.80
Nov 2024 264651.78584438475 -0.04 -1.64
Dec 2024 264843.02497887105 0.07 -1.29
Jan 2025 265089.2235395909 0.09 -1.15
Feb 2025 264927.0188027777 -0.06 -1.41
Mar 2025 264502.754542116 -0.16 -2.04
Apr 2025 263823.74457443174 -0.26 -2.66
May 2025 263218.579482551 -0.23 -2.96
Jun 2025 262753.51002980216 -0.18 -2.85
Jul 2025 262137.3962306455 -0.23 -2.60
Aug 2025 261158.32041102252 -0.37 -2.33
Sep 2025 260268.84748854523 -0.34 -2.06
Oct 2025 259980.2425702672 -0.11 -1.80
Nov 2025 260381.91526452242 0.16 -1.61
Dec 2025 260869.25159490292 0.19 -1.50
Jan 2026 260848.1668054046 -0.01 -1.60
Feb 2026 260719.2341610051 -0.05 -1.59