Zip Code: 38103 (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 38103 Zip Code (Memphis, Tennessee) in February 2026 was $325,455.425. The month over month percentage change (MoM) was -0.43%, and the year over year percentage change (YoY) was -5.01%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38103 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 38103 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: 38103 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38103 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 208440.76686126858 0.68 3.55
Feb 2015 209880.93104231372 0.69 3.52
Mar 2015 210721.75644486988 0.40 3.24
Apr 2015 210914.00201966116 0.09 2.94
May 2015 211090.89533922056 0.08 2.64
Jun 2015 211043.42180773627 -0.02 2.31
Jul 2015 211031.85402029604 0.00 2.12
Aug 2015 210848.88821845743 -0.09 2.18
Sep 2015 211356.07487032344 0.24 2.56
Oct 2015 212459.79947455987 0.52 3.24
Nov 2015 214159.2561669931 0.80 3.85
Dec 2015 215939.28968773177 0.83 4.30
Jan 2016 217955.50849883593 0.93 4.57
Feb 2016 219725.0645262386 0.81 4.69
Mar 2016 220936.63414636592 0.55 4.85
Apr 2016 221962.22683558342 0.46 5.24
May 2016 222803.8563079754 0.38 5.55
Jun 2016 223959.6055001753 0.52 6.12
Jul 2016 224730.38883279628 0.34 6.49
Aug 2016 225317.35061713724 0.26 6.86
Sep 2016 226213.07617822278 0.40 7.03
Oct 2016 227097.6130128525 0.39 6.89
Nov 2016 228317.55793456224 0.54 6.61
Dec 2016 229522.51884055766 0.53 6.29
Jan 2017 231069.79965265773 0.67 6.02
Feb 2017 232697.3214570379 0.70 5.90
Mar 2017 234137.21835080336 0.62 5.98
Apr 2017 235358.019032201 0.52 6.04
May 2017 236257.6833837921 0.38 6.04
Jun 2017 237582.27465881128 0.56 6.08
Jul 2017 239092.19641551012 0.64 6.39
Aug 2017 240723.96489020716 0.68 6.84
Sep 2017 241851.63695826757 0.47 6.91
Oct 2017 242839.15980215356 0.41 6.93
Nov 2017 244116.19412805073 0.53 6.92
Dec 2017 245887.28569577308 0.73 7.13
Jan 2018 247809.42028506473 0.78 7.24
Feb 2018 249265.03457023142 0.59 7.12
Mar 2018 250512.17838469482 0.50 6.99
Apr 2018 251597.49138052945 0.43 6.90
May 2018 252879.9530355224 0.51 7.04
Jun 2018 253811.14476349464 0.37 6.83
Jul 2018 254905.49547623764 0.43 6.61
Aug 2018 255919.8108454293 0.40 6.31
Sep 2018 256789.7176199245 0.34 6.18
Oct 2018 257452.19442468276 0.26 6.02
Nov 2018 258372.92459078654 0.36 5.84
Dec 2018 259913.31022407953 0.60 5.70
Jan 2019 261377.62568743646 0.56 5.48
Feb 2019 262524.5836911886 0.44 5.32
Mar 2019 263277.24912450276 0.29 5.10
Apr 2019 264063.7497190581 0.30 4.96
May 2019 264715.1120268337 0.25 4.68
Jun 2019 265569.74605906627 0.32 4.63
Jul 2019 266494.2035202272 0.35 4.55
Aug 2019 267854.87660955073 0.51 4.66
Sep 2019 269208.007710126 0.51 4.84
Oct 2019 270860.12305608735 0.61 5.21
Nov 2019 272674.22712049406 0.67 5.54
Dec 2019 274483.29720168543 0.66 5.61
Jan 2020 275888.8133684807 0.51 5.55
Feb 2020 277015.0018577095 0.41 5.52
Mar 2020 278139.6617795227 0.41 5.65
Apr 2020 279296.95039368566 0.42 5.77
May 2020 280367.91415925673 0.38 5.91
Jun 2020 281358.4583118141 0.35 5.95
Jul 2020 282753.22635140334 0.50 6.10
Aug 2020 284236.78573616134 0.53 6.12
Sep 2020 286521.57226071536 0.80 6.43
Oct 2020 289235.3746039874 0.95 6.78
Nov 2020 292482.1376458951 1.12 7.26
Dec 2020 295270.20643728314 0.95 7.57
Jan 2021 297211.61988544156 0.66 7.73
Feb 2021 298747.9470100598 0.52 7.85
Mar 2021 300925.22136448394 0.73 8.19
Apr 2021 304205.4899237581 1.09 8.92
May 2021 308508.92180222756 1.42 10.04
Jun 2021 312928.2776195921 1.43 11.22
Jul 2021 316931.33807435684 1.28 12.09
Aug 2021 320461.54440936673 1.11 12.75
Sep 2021 323314.4598364972 0.89 12.84
Oct 2021 325980.76063619234 0.83 12.70
Nov 2021 328854.16886431683 0.88 12.44
Dec 2021 332114.43276878033 0.99 12.48
Jan 2022 335721.5068745643 1.09 12.96
Feb 2022 339280.9961838611 1.06 13.57
Mar 2022 343063.32836742926 1.12 14.00
Apr 2022 347664.65589260357 1.34 14.29
May 2022 352007.80795395054 1.25 14.10
Jun 2022 355158.25766856846 0.90 13.50
Jul 2022 356022.66152110975 0.24 12.33
Aug 2022 355375.8444212366 -0.18 10.90
Sep 2022 354114.0980631023 -0.35 9.53
Oct 2022 353506.3469616554 -0.17 8.44
Nov 2022 353349.4767029782 -0.04 7.45
Dec 2022 353341.9906691942 0.00 6.39
Jan 2023 351610.4882215907 -0.49 4.73
Feb 2023 349291.1061156612 -0.66 2.95
Mar 2023 347189.0217709629 -0.60 1.20
Apr 2023 346472.7417209269 -0.21 -0.34
May 2023 347023.84274317184 0.16 -1.42
Jun 2023 348179.71010433434 0.33 -1.96
Jul 2023 349458.71404921694 0.37 -1.84
Aug 2023 350595.13255587616 0.33 -1.34
Sep 2023 351137.7229723006 0.16 -0.84
Oct 2023 351197.224661797 0.02 -0.65
Nov 2023 350712.94710495305 -0.14 -0.75
Dec 2023 349770.18094360846 -0.27 -1.01
Jan 2024 349350.11260472186 -0.12 -0.64
Feb 2024 348993.0568845481 -0.10 -0.08
Mar 2024 349366.46902856877 0.11 0.63
Apr 2024 349609.4804811431 0.07 0.91
May 2024 349559.83581037796 -0.01 0.73
Jun 2024 348877.6175235697 -0.19 0.20
Jul 2024 347366.0249053212 -0.43 -0.60
Aug 2024 345901.29222058033 -0.42 -1.34
Sep 2024 344763.16724979685 -0.33 -1.81
Oct 2024 344383.0944992485 -0.11 -1.94
Nov 2024 344189.1124432637 -0.06 -1.86
Dec 2024 343721.2120140262 -0.14 -1.73
Jan 2025 343361.3062799578 -0.10 -1.71
Feb 2025 342605.89111466904 -0.22 -1.83
Mar 2025 341884.8136100293 -0.21 -2.14
Apr 2025 341066.07454690937 -0.24 -2.44
May 2025 339835.5504829622 -0.36 -2.78
Jun 2025 338337.2314361849 -0.44 -3.02
Jul 2025 336301.1863116303 -0.60 -3.18
Aug 2025 334782.6485227708 -0.45 -3.21
Sep 2025 333390.77548497723 -0.42 -3.30
Oct 2025 331996.80711541645 -0.42 -3.60
Nov 2025 330285.4972819606 -0.51 -4.04
Dec 2025 328588.53008683963 -0.51 -4.40
Jan 2026 326863.4216239354 -0.52 -4.80
Feb 2026 325455.4245202027 -0.43 -5.01