Zip Code: 38127 (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 38127 Zip Code (Memphis, Tennessee) in February 2026 was $91,952.607. The month over month percentage change (MoM) was -0.10%, and the year over year percentage change (YoY) was -5.43%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38127 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 38127 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: 38127 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38127 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 37191.71842602048 0.08 11.63
Feb 2015 36730.78659374049 -1.24 8.25
Mar 2015 36073.105039400274 -1.79 5.00
Apr 2015 35424.09580843031 -1.80 0.95
May 2015 35456.50570720321 0.09 -0.37
Jun 2015 35683.45928960627 0.64 -0.56
Jul 2015 36036.107963954906 0.99 -0.24
Aug 2015 36028.76010030478 -0.02 -0.78
Sep 2015 36240.643742190485 0.59 -0.84
Oct 2015 36725.42606762945 1.34 0.16
Nov 2015 37487.83425827092 2.08 1.57
Dec 2015 38022.74067966427 1.43 2.32
Jan 2016 38271.05475865083 0.65 2.90
Feb 2016 38086.0379410276 -0.48 3.69
Mar 2016 37772.26350197653 -0.82 4.71
Apr 2016 37597.558041297685 -0.46 6.14
May 2016 37810.75724396816 0.57 6.64
Jun 2016 38224.46620305762 1.09 7.12
Jul 2016 38361.252590804674 0.36 6.45
Aug 2016 38581.68607299694 0.57 7.09
Sep 2016 38730.99553305149 0.39 6.87
Oct 2016 39189.34977410514 1.18 6.71
Nov 2016 39642.04996876912 1.16 5.75
Dec 2016 40027.50223807521 0.97 5.27
Jan 2017 40274.91648780951 0.62 5.24
Feb 2017 40290.094197706574 0.04 5.79
Mar 2017 40380.52009752139 0.22 6.91
Apr 2017 40438.05071103754 0.14 7.56
May 2017 40457.17545785035 0.05 7.00
Jun 2017 40504.030352553295 0.12 5.96
Jul 2017 40736.841581137356 0.57 6.19
Aug 2017 41367.78387140083 1.55 7.22
Sep 2017 42110.50501861587 1.80 8.73
Oct 2017 43203.93316189129 2.60 10.24
Nov 2017 44379.71763106909 2.72 11.95
Dec 2017 45546.968003762384 2.63 13.79
Jan 2018 46109.28045385421 1.24 14.49
Feb 2018 46206.0974140279 0.21 14.68
Mar 2018 46257.98183225329 0.11 14.56
Apr 2018 46576.49014735781 0.69 15.18
May 2018 47188.414562481405 1.31 16.64
Jun 2018 47871.55709052928 1.45 18.19
Jul 2018 48774.498157528265 1.89 19.73
Aug 2018 49685.10528380119 1.87 20.11
Sep 2018 50663.0823730911 1.97 20.31
Oct 2018 51578.41020190873 1.81 19.38
Nov 2018 52800.857254066395 2.37 18.98
Dec 2018 54218.604638743214 2.69 19.04
Jan 2019 55644.143592231536 2.63 20.68
Feb 2019 56547.120495632815 1.62 22.38
Mar 2019 56889.01359227434 0.61 22.98
Apr 2019 56933.74655921684 0.08 22.24
May 2019 57209.58489019534 0.48 21.24
Jun 2019 57725.55013977053 0.90 20.58
Jul 2019 58096.56890958556 0.64 19.11
Aug 2019 58155.76186577554 0.10 17.05
Sep 2019 58226.70501532956 0.12 14.93
Oct 2019 58457.68157262643 0.40 13.34
Nov 2019 58939.8240913146 0.83 11.63
Dec 2019 59589.836736028024 1.10 9.91
Jan 2020 60441.43754988152 1.43 8.62
Feb 2020 61332.80335183934 1.48 8.46
Mar 2020 62102.29788607912 1.25 9.16
Apr 2020 63019.414416724736 1.48 10.69
May 2020 63763.60455849625 1.18 11.46
Jun 2020 64336.27974334927 0.90 11.45
Jul 2020 64495.31890122643 0.25 11.01
Aug 2020 65135.64875922874 0.99 12.00
Sep 2020 66249.8870996787 1.71 13.78
Oct 2020 67929.24819587458 2.54 16.20
Nov 2020 69745.73475002046 2.67 18.33
Dec 2020 71450.59126161842 2.44 19.90
Jan 2021 73563.95845254028 2.96 21.71
Feb 2021 75867.07742546614 3.13 23.70
Mar 2021 78465.03685434158 3.42 26.35
Apr 2021 80418.99406895087 2.49 27.61
May 2021 82123.2726584349 2.12 28.79
Jun 2021 83974.56924082205 2.25 30.52
Jul 2021 85480.73115487701 1.79 32.54
Aug 2021 86275.27715798795 0.93 32.46
Sep 2021 86096.33896293194 -0.21 29.96
Oct 2021 86296.86536463763 0.23 27.04
Nov 2021 87005.1057283083 0.82 24.75
Dec 2021 88197.59887643527 1.37 23.44
Jan 2022 89994.06876006053 2.04 22.33
Feb 2022 92276.07119529543 2.54 21.63
Mar 2022 94646.63828465728 2.57 20.62
Apr 2022 96602.3112886042 2.07 20.12
May 2022 98284.62526730786 1.74 19.68
Jun 2022 100080.72614562586 1.83 19.18
Jul 2022 101239.57366419357 1.16 18.44
Aug 2022 101398.75554898688 0.16 17.53
Sep 2022 100765.34973825705 -0.62 17.04
Oct 2022 100353.99537569204 -0.41 16.29
Nov 2022 99800.17108374764 -0.55 14.71
Dec 2022 98502.32104100283 -1.30 11.68
Jan 2023 95933.845773814 -2.61 6.60
Feb 2023 93637.76553765504 -2.39 1.48
Mar 2023 92687.2753012607 -1.01 -2.07
Apr 2023 92906.3485396635 0.24 -3.83
May 2023 93445.87708774359 0.58 -4.92
Jun 2023 93251.63664708426 -0.21 -6.82
Jul 2023 92766.17733808741 -0.52 -8.37
Aug 2023 91851.24674381898 -0.99 -9.42
Sep 2023 90822.9998882698 -1.12 -9.87
Oct 2023 89389.26773604192 -1.58 -10.93
Nov 2023 88195.7557257602 -1.33 -11.63
Dec 2023 87584.69884220259 -0.69 -11.08
Jan 2024 87467.96617640444 -0.13 -8.82
Feb 2024 87945.88290726837 0.55 -6.08
Mar 2024 88748.81501779566 0.91 -4.25
Apr 2024 90186.00214818183 1.62 -2.93
May 2024 91486.1478392327 1.44 -2.10
Jun 2024 92378.09302446559 0.98 -0.94
Jul 2024 92689.55851823003 0.34 -0.08
Aug 2024 92505.50258331887 -0.20 0.71
Sep 2024 92626.91238824422 0.13 1.99
Oct 2024 93303.20778479912 0.73 4.38
Nov 2024 94564.20245337434 1.35 7.22
Dec 2024 95634.49561270466 1.13 9.19
Jan 2025 96586.86993727433 1.00 10.43
Feb 2025 97237.24347412435 0.67 10.57
Mar 2025 97666.65533825522 0.44 10.05
Apr 2025 97259.15464430496 -0.42 7.84
May 2025 95961.40819906881 -1.33 4.89
Jun 2025 94602.1853802142 -1.42 2.41
Jul 2025 93492.97548592015 -1.17 0.87
Aug 2025 93174.47663702891 -0.34 0.72
Sep 2025 93125.06562775122 -0.05 0.54
Oct 2025 93189.6597194728 0.07 -0.12
Nov 2025 92929.12606084299 -0.28 -1.73
Dec 2025 92483.28105834457 -0.48 -3.29
Jan 2026 92045.06974294737 -0.47 -4.70
Feb 2026 91952.60725963039 -0.10 -5.43