The typical home in Memphis is listed at $176,000, -6.7% on a year earlier. Projected forward, a typical home would be worth about $164,000 in 2027 and $197,000 in 2031.
The first 2 years follow this year's change in list prices (-6.7%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+8.7% a year).
Memphis home values by year
| Year | Typical home value | Annual change used |
|---|---|---|
| 2026 (now) | $176,000 | — |
| 2027 (projected) | $164,000 | -6.7% (this year's listings) |
| 2028 (projected) | $153,000 | -6.7% (this year's listings) |
| 2031 (projected) | $197,000 | +8.7% (FHFA 2020–2025) |
Homes for sale in these ZIP codes have been on the market a median of 68 days.
By ZIP code
| ZIP | Median list price | A year ago | Sale listings | FHFA trend 2020–2025 |
|---|---|---|---|---|
| 38016 | $318,700 | $325,000 | 250 | +7.3%/yr |
| 38128 | $139,999 | $162,000 | 263 | +10.3%/yr |
| 38109 | $89,900 | $100,000 | 383 | +11.6%/yr |
| 38111 | $184,901 | $205,900 | 345 | +4.7%/yr |
| 38134 | $239,900 | $229,900 | 112 | +8.0%/yr |
| 38116 | $154,900 | $165,000 | 141 | +10.6%/yr |
Read this with care
List prices are what sellers ask, not what homes sell for, and a one-year change in them can swing with what happens to be on the market. The FHFA trend covers 2020 to 2025, including the pandemic-era run-up, so it may overstate where prices go from here. The projection is both trends carried forward, not a call on the next turn.
Source: RentCast market data for 6 of Memphis's 25 ZIP codes (the most populous, home to 42% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
What will homes in Memphis, TN be worth in 2027?
A typical $176,000 home would be worth about $164,000 in 2027. The first 2 years follow this year's change in list prices (-6.7%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+8.7% a year).
What is the typical home price in Memphis, TN?
The typical list price is $176,000, across 1,494 active sale listings in 6 ZIP codes.
Are home prices in Memphis going up or down?
Over the past year, list prices in these ZIP codes moved -6.7%. The longer FHFA trend from 2020 to 2025 is +8.7% a year.