Zip Code: 38134 (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 38134 Zip Code (Memphis, Tennessee) in January 2026 was $219,643.068. The month over month percentage change (MoM) was 0.41%, and the year over year percentage change (YoY) was -0.02%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38134 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 38134 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: 38134 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38134 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 101476.4308225743 0.41 5.79
Feb 2015 101761.40140666188 0.28 4.68
Mar 2015 101887.31999228499 0.12 3.75
Apr 2015 102171.94328540254 0.28 3.17
May 2015 102620.43371383111 0.44 2.95
Jun 2015 103072.9426819354 0.44 2.76
Jul 2015 103518.824804955 0.43 2.61
Aug 2015 103892.66369399168 0.36 2.69
Sep 2015 104306.29964237283 0.40 3.10
Oct 2015 104638.7438594683 0.32 3.81
Nov 2015 105053.98014416276 0.40 4.26
Dec 2015 105724.9185766036 0.64 4.62
Jan 2016 106588.56155549001 0.82 5.04
Feb 2016 107306.17670443596 0.67 5.45
Mar 2016 107582.66543586012 0.26 5.59
Apr 2016 107629.693933108 0.04 5.34
May 2016 107478.80195140827 -0.14 4.73
Jun 2016 107533.50181362858 0.05 4.33
Jul 2016 107726.98181000621 0.18 4.07
Aug 2016 108205.33292265293 0.44 4.15
Sep 2016 108847.05407825064 0.59 4.35
Oct 2016 109710.59486802506 0.79 4.85
Nov 2016 110726.31974219914 0.93 5.40
Dec 2016 111885.96897744248 1.05 5.83
Jan 2017 112725.04622129234 0.75 5.76
Feb 2017 113318.11137636534 0.53 5.60
Mar 2017 113721.01859086314 0.36 5.71
Apr 2017 114303.67374775792 0.51 6.20
May 2017 115043.93605883695 0.65 7.04
Jun 2017 115931.26275921997 0.77 7.81
Jul 2017 116959.73512899796 0.89 8.57
Aug 2017 118158.38056923372 1.02 9.20
Sep 2017 119338.14717826527 1.00 9.64
Oct 2017 120580.803934782 1.04 9.91
Nov 2017 121815.68808855438 1.02 10.02
Dec 2017 123105.3203603233 1.06 10.03
Jan 2018 123940.65457891522 0.68 9.95
Feb 2018 124259.96936129406 0.26 9.66
Mar 2018 124428.64576141002 0.14 9.42
Apr 2018 124983.901430893 0.45 9.34
May 2018 126032.008997478 0.84 9.55
Jun 2018 127167.00259523118 0.90 9.69
Jul 2018 128306.01621800962 0.90 9.70
Aug 2018 129393.93854165384 0.85 9.51
Sep 2018 130507.27801797578 0.86 9.36
Oct 2018 131660.20580518778 0.88 9.19
Nov 2018 132915.7151855512 0.95 9.11
Dec 2018 134295.7740236778 1.04 9.09
Jan 2019 135494.7927409061 0.89 9.32
Feb 2019 136473.56134333616 0.72 9.83
Mar 2019 137222.28387762603 0.55 10.28
Apr 2019 137878.9958568759 0.48 10.32
May 2019 138554.559081287 0.49 9.94
Jun 2019 139202.6768990323 0.47 9.46
Jul 2019 139975.61274648897 0.56 9.10
Aug 2019 140765.12314771416 0.56 8.79
Sep 2019 141650.65362121328 0.63 8.54
Oct 2019 142699.9419819847 0.74 8.39
Nov 2019 143963.3297306335 0.89 8.31
Dec 2019 145339.2752821597 0.96 8.22
Jan 2020 146726.1303759394 0.95 8.29
Feb 2020 148025.99331190556 0.89 8.47
Mar 2020 149190.79940483827 0.79 8.72
Apr 2020 150172.32866028065 0.66 8.92
May 2020 150901.54292546495 0.49 8.91
Jun 2020 151770.57231616357 0.58 9.03
Jul 2020 152900.8976292391 0.75 9.23
Aug 2020 154569.47233458658 1.09 9.81
Sep 2020 156733.74842216342 1.40 10.65
Oct 2020 159439.912790962 1.73 11.73
Nov 2020 162510.83551098758 1.93 12.88
Dec 2020 165314.27959256395 1.73 13.74
Jan 2021 168071.86379050094 1.67 14.55
Feb 2021 170570.49848672227 1.49 15.23
Mar 2021 173336.5587696169 1.62 16.18
Apr 2021 175973.15269731116 1.52 17.18
May 2021 178943.39081907016 1.69 18.58
Jun 2021 182421.97684449432 1.94 20.20
Jul 2021 185381.45271165753 1.62 21.24
Aug 2021 186990.58203732886 0.87 20.98
Sep 2021 187468.43005673194 0.26 19.61
Oct 2021 188302.34342551813 0.45 18.10
Nov 2021 190358.63754435364 1.09 17.14
Dec 2021 193022.76299654564 1.40 16.76
Jan 2022 196914.17851638145 2.02 17.16
Feb 2022 201581.77383979232 2.37 18.18
Mar 2022 206971.87542556413 2.67 19.41
Apr 2022 212090.67483451826 2.47 20.52
May 2022 216367.60169235023 2.02 20.91
Jun 2022 219813.77822576216 1.59 20.50
Jul 2022 222111.19635180404 1.05 19.81
Aug 2022 223660.8736227034 0.70 19.61
Sep 2022 224331.74396525 0.30 19.66
Oct 2022 224523.6041845623 0.09 19.24
Nov 2022 223910.03396648946 -0.27 17.63
Dec 2022 222541.42039158844 -0.61 15.29
Jan 2023 220470.56909500607 -0.93 11.96
Feb 2023 218430.06386492657 -0.93 8.36
Mar 2023 217603.72707020654 -0.38 5.14
Apr 2023 217524.25792471188 -0.04 2.56
May 2023 218190.97289959458 0.31 0.84
Jun 2023 218700.04317422432 0.23 -0.51
Jul 2023 219187.0449582735 0.22 -1.32
Aug 2023 219941.69899893878 0.34 -1.66
Sep 2023 220353.82476139104 0.19 -1.77
Oct 2023 220182.04340035786 -0.08 -1.93
Nov 2023 219190.91781452752 -0.45 -2.11
Dec 2023 218363.94386480234 -0.38 -1.88
Jan 2024 217970.80579027356 -0.18 -1.13
Feb 2024 218425.84495835775 0.21 0.00
Mar 2024 219456.12909150115 0.47 0.85
Apr 2024 221022.8265681306 0.71 1.61
May 2024 222368.97114960055 0.61 1.92
Jun 2024 223105.00419209103 0.33 2.01
Jul 2024 223135.12831779267 0.01 1.80
Aug 2024 222294.3247861551 -0.38 1.07
Sep 2024 221194.91436419403 -0.49 0.38
Oct 2024 220213.89671980764 -0.44 0.01
Nov 2024 219887.29302066367 -0.15 0.32
Dec 2024 219683.4211679052 -0.09 0.60
Jan 2025 219678.53767039964 0.00 0.78
Feb 2025 219602.80125003986 -0.03 0.54
Mar 2025 219695.193225289 0.04 0.11
Apr 2025 219881.34648762853 0.09 -0.52
May 2025 219963.66152261678 0.04 -1.08
Jun 2025 219910.41696529437 -0.02 -1.43
Jul 2025 219480.99263839054 -0.19 -1.64
Aug 2025 218945.3750363849 -0.24 -1.51
Sep 2025 218240.88701949382 -0.32 -1.33
Oct 2025 217849.32074851598 -0.18 -1.07
Nov 2025 218015.90840296898 0.08 -0.85
Dec 2025 218749.7706411942 0.34 -0.42
Jan 2026 219643.0684244169 0.41 -0.02