Zip Code: 38018 (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 38018 Zip Code (Memphis, Tennessee) in February 2026 was $289,012.619. The month over month percentage change (MoM) was -0.13%, and the year over year percentage change (YoY) was -2.89%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38018 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 38018 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: 38018 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38018 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 147583.30660566044 0.41 3.78
Feb 2015 148080.9541506771 0.34 3.45
Mar 2015 148473.29405804013 0.27 3.08
Apr 2015 148811.02375023646 0.23 2.85
May 2015 149228.77254998 0.28 2.66
Jun 2015 149588.72039616446 0.24 2.49
Jul 2015 150062.20661704746 0.32 2.45
Aug 2015 150515.01633803014 0.30 2.61
Sep 2015 151062.8981188494 0.36 2.98
Oct 2015 151516.633380916 0.30 3.43
Nov 2015 152090.3780126743 0.38 3.75
Dec 2015 152786.7219516924 0.46 3.95
Jan 2016 153643.30984481293 0.56 4.11
Feb 2016 154487.6750230886 0.55 4.33
Mar 2016 155043.9511152515 0.36 4.43
Apr 2016 155481.57588729626 0.28 4.48
May 2016 155557.45684461057 0.05 4.24
Jun 2016 155707.1932342473 0.10 4.09
Jul 2016 155788.38838150384 0.05 3.82
Aug 2016 156096.9274293283 0.20 3.71
Sep 2016 156646.9210344702 0.35 3.70
Oct 2016 157324.67693751375 0.43 3.83
Nov 2016 158072.52466595243 0.48 3.93
Dec 2016 158942.04549253325 0.55 4.03
Jan 2017 159971.42235099964 0.65 4.12
Feb 2017 161118.73786250176 0.72 4.29
Mar 2017 162063.08443165818 0.59 4.53
Apr 2017 163018.325965239 0.59 4.85
May 2017 163845.5681917155 0.51 5.33
Jun 2017 164724.98077560947 0.54 5.79
Jul 2017 165483.9746782479 0.46 6.22
Aug 2017 166288.90246164167 0.49 6.53
Sep 2017 167226.19315425283 0.56 6.75
Oct 2017 168275.69355382593 0.63 6.96
Nov 2017 169701.5544392225 0.85 7.36
Dec 2017 171297.3174423544 0.94 7.77
Jan 2018 172901.92756904793 0.94 8.08
Feb 2018 174169.27892477464 0.73 8.10
Mar 2018 175253.42404537337 0.62 8.14
Apr 2018 176307.9816584374 0.60 8.15
May 2018 177423.15000825466 0.63 8.29
Jun 2018 178452.51848678858 0.58 8.33
Jul 2018 179786.77181568762 0.75 8.64
Aug 2018 181261.6889471514 0.82 9.00
Sep 2018 182878.4161223652 0.89 9.36
Oct 2018 184242.79086281828 0.75 9.49
Nov 2018 185480.18081937134 0.67 9.30
Dec 2018 186702.48462530275 0.66 8.99
Jan 2019 187744.07427521455 0.56 8.58
Feb 2019 188837.66247134152 0.58 8.42
Mar 2019 189835.20588274804 0.53 8.32
Apr 2019 190919.3383088874 0.57 8.29
May 2019 191792.08575581483 0.46 8.10
Jun 2019 192694.63058314673 0.47 7.98
Jul 2019 193715.06256037144 0.53 7.75
Aug 2019 194969.11461699777 0.65 7.56
Sep 2019 196450.65527580876 0.76 7.42
Oct 2019 198037.58781662546 0.81 7.49
Nov 2019 199633.1108384618 0.81 7.63
Dec 2019 201144.2288742603 0.76 7.74
Jan 2020 202555.06224677802 0.70 7.89
Feb 2020 203914.75545142862 0.67 7.98
Mar 2020 205368.49787086682 0.71 8.18
Apr 2020 206869.41756706111 0.73 8.35
May 2020 208033.89718918197 0.56 8.47
Jun 2020 209049.86329721776 0.49 8.49
Jul 2020 210300.25308007936 0.60 8.56
Aug 2020 212180.89560415607 0.89 8.83
Sep 2020 214836.66468312577 1.25 9.36
Oct 2020 218139.57594090732 1.54 10.15
Nov 2020 222108.35349454216 1.82 11.26
Dec 2020 225847.38002158285 1.68 12.28
Jan 2021 229385.50915462655 1.57 13.25
Feb 2021 232594.94281894728 1.40 14.07
Mar 2021 236126.49319257695 1.52 14.98
Apr 2021 239902.9447017085 1.60 15.97
May 2021 244225.4017794802 1.80 17.40
Jun 2021 249002.80453811502 1.96 19.11
Jul 2021 253708.7679820855 1.89 20.64
Aug 2021 257695.30981103773 1.57 21.45
Sep 2021 260992.56481618388 1.28 21.48
Oct 2021 264399.8080476655 1.31 21.21
Nov 2021 268332.2485028094 1.49 20.81
Dec 2021 272800.12272323 1.67 20.79
Jan 2022 277625.4020391893 1.77 21.03
Feb 2022 282750.2676206935 1.85 21.56
Mar 2022 288054.4829362451 1.88 21.99
Apr 2022 293520.24021301867 1.90 22.35
May 2022 298701.2217464096 1.77 22.31
Jun 2022 303144.25966775866 1.49 21.74
Jul 2022 306289.870958138 1.04 20.73
Aug 2022 308177.9959702496 0.62 19.59
Sep 2022 308818.83337964566 0.21 18.33
Oct 2022 308754.6321365368 -0.02 16.78
Nov 2022 308012.2719731556 -0.24 14.79
Dec 2022 306484.53621971334 -0.50 12.35
Jan 2023 304413.8266108855 -0.68 9.65
Feb 2023 302519.12362135464 -0.62 6.99
Mar 2023 301813.21779161546 -0.23 4.78
Apr 2023 301647.65326554124 -0.05 2.77
May 2023 302015.8231367459 0.12 1.11
Jun 2023 302541.0548198352 0.17 -0.20
Jul 2023 302878.731363109 0.11 -1.11
Aug 2023 302919.4988809141 0.01 -1.71
Sep 2023 302150.267251176 -0.25 -2.16
Oct 2023 301096.99883479625 -0.35 -2.48
Nov 2023 299877.6376573809 -0.40 -2.64
Dec 2023 298971.9872117268 -0.30 -2.45
Jan 2024 298411.01335911773 -0.19 -1.97
Feb 2024 298315.5569829519 -0.03 -1.39
Mar 2024 298820.85063038016 0.17 -0.99
Apr 2024 299803.45098812034 0.33 -0.61
May 2024 300643.0906347377 0.28 -0.45
Jun 2024 300943.0797078829 0.10 -0.53
Jul 2024 300655.9893019637 -0.09 -0.73
Aug 2024 299855.51565117814 -0.27 -1.01
Sep 2024 298799.4696921182 -0.35 -1.11
Oct 2024 297908.140694455 -0.30 -1.06
Nov 2024 297499.0864299909 -0.14 -0.79
Dec 2024 297498.4636877987 0.00 -0.49
Jan 2025 297734.43419410795 0.08 -0.23
Feb 2025 297623.83065281546 -0.04 -0.23
Mar 2025 297178.151290702 -0.15 -0.55
Apr 2025 296540.3165627878 -0.21 -1.09
May 2025 296051.1055179269 -0.16 -1.53
Jun 2025 295389.0945872452 -0.22 -1.85
Jul 2025 294415.0649296199 -0.33 -2.08
Aug 2025 293272.94978900655 -0.39 -2.19
Sep 2025 292236.83628595603 -0.35 -2.20
Oct 2025 291379.4464668829 -0.29 -2.19
Nov 2025 290559.0187573183 -0.28 -2.33
Dec 2025 290052.59573629947 -0.17 -2.50
Jan 2026 289386.3095546889 -0.23 -2.80
Feb 2026 289012.6189523644 -0.13 -2.89