Zip Code: 38112 (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 38112 Zip Code (Memphis, Tennessee) in February 2026 was $124,280.587. The month over month percentage change (MoM) was -0.59%, and the year over year percentage change (YoY) was -10.03%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38112 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 38112 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: 38112 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38112 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 61250.31032308995 0.45 0.94
Feb 2015 61461.89601816651 0.35 1.50
Mar 2015 61247.419115887526 -0.35 1.40
Apr 2015 60699.60076047395 -0.89 -0.62
May 2015 60179.90216800681 -0.86 -2.41
Jun 2015 60011.859117282904 -0.28 -3.22
Jul 2015 60064.35436763166 0.09 -3.12
Aug 2015 60499.15820369503 0.72 -2.12
Sep 2015 61344.54522985583 1.40 -0.34
Oct 2015 62523.95089921427 1.92 2.29
Nov 2015 63292.70443258584 1.23 3.95
Dec 2015 63980.857958535395 1.09 4.93
Jan 2016 64645.6355628086 1.04 5.54
Feb 2016 65740.07808765575 1.69 6.96
Mar 2016 66338.29220826876 0.91 8.31
Apr 2016 66775.51243620004 0.66 10.01
May 2016 67061.76208261978 0.43 11.44
Jun 2016 67529.86824828312 0.70 12.53
Jul 2016 67452.36229017285 -0.11 12.30
Aug 2016 67206.61024671228 -0.36 11.09
Sep 2016 66710.81206198312 -0.74 8.75
Oct 2016 66889.2917342611 0.27 6.98
Nov 2016 67394.2276743956 0.76 6.48
Dec 2016 67896.61833799246 0.75 6.12
Jan 2017 68172.96415073962 0.41 5.46
Feb 2017 68195.3961472753 0.03 3.74
Mar 2017 68458.74943170395 0.39 3.20
Apr 2017 68918.88575304934 0.67 3.21
May 2017 69168.33523311465 0.36 3.14
Jun 2017 69653.41787612376 0.70 3.15
Jul 2017 70808.96745795268 1.66 4.98
Aug 2017 72477.01805219654 2.36 7.84
Sep 2017 73915.10952514026 1.98 10.80
Oct 2017 74715.45372381799 1.08 11.70
Nov 2017 75472.98958072306 1.01 11.99
Dec 2017 76153.76261001024 0.90 12.16
Jan 2018 76377.01848660134 0.29 12.03
Feb 2018 76115.28677527407 -0.34 11.61
Mar 2018 75381.02744091197 -0.96 10.11
Apr 2018 75078.97903553156 -0.40 8.94
May 2018 74908.65224325587 -0.23 8.30
Jun 2018 74962.04620883445 0.07 7.62
Jul 2018 75078.00503659633 0.16 6.03
Aug 2018 75435.51363433736 0.48 4.08
Sep 2018 75958.76122281885 0.69 2.77
Oct 2018 76631.89086582499 0.89 2.57
Nov 2018 77618.93683520444 1.29 2.84
Dec 2018 79172.32565019828 2.00 3.96
Jan 2019 80186.51466122882 1.28 4.99
Feb 2019 80822.15111966021 0.79 6.18
Mar 2019 81147.8709129162 0.40 7.65
Apr 2019 81549.00667539657 0.49 8.62
May 2019 82121.8556748623 0.70 9.63
Jun 2019 82660.67819172367 0.66 10.27
Jul 2019 83314.44503166837 0.79 10.97
Aug 2019 83218.55677429542 -0.11 10.32
Sep 2019 82911.45451554893 -0.37 9.15
Oct 2019 82443.80273287385 -0.56 7.58
Nov 2019 82806.91745113429 0.44 6.68
Dec 2019 83597.7226497202 0.96 5.59
Jan 2020 84765.42466497434 1.40 5.71
Feb 2020 86010.2845016929 1.47 6.42
Mar 2020 87549.69446343688 1.79 7.89
Apr 2020 89523.94187715604 2.26 9.78
May 2020 91093.76494317698 1.75 10.93
Jun 2020 91951.75070080352 0.94 11.24
Jul 2020 92267.21174670156 0.34 10.75
Aug 2020 92939.05115773938 0.73 11.68
Sep 2020 94619.23647030706 1.81 14.12
Oct 2020 97361.36846086117 2.90 18.09
Nov 2020 100460.31549756364 3.18 21.32
Dec 2020 102943.34873572376 2.47 23.14
Jan 2021 104991.69497206814 1.99 23.86
Feb 2021 106921.38660668112 1.84 24.31
Mar 2021 109395.20522742817 2.31 24.95
Apr 2021 112066.13357628735 2.44 25.18
May 2021 115239.60624296065 2.83 26.51
Jun 2021 118483.45378668823 2.82 28.85
Jul 2021 120649.11819101569 1.83 30.76
Aug 2021 121535.8108293857 0.74 30.77
Sep 2021 121949.27262017621 0.34 28.88
Oct 2021 123191.16189571832 1.02 26.53
Nov 2021 125221.8681147113 1.65 24.65
Dec 2021 127780.59257954014 2.04 24.13
Jan 2022 130619.7887274406 2.22 24.41
Feb 2022 133396.84285892165 2.13 24.76
Mar 2022 135661.64352961033 1.70 24.01
Apr 2022 137428.05081118757 1.30 22.63
May 2022 138966.83666880953 1.12 20.59
Jun 2022 140573.8323453441 1.16 18.64
Jul 2022 141353.12666863692 0.55 17.16
Aug 2022 141354.12740236262 0.00 16.31
Sep 2022 140708.14316837848 -0.46 15.38
Oct 2022 140282.83188513227 -0.30 13.87
Nov 2022 140149.94853756882 -0.09 11.92
Dec 2022 139581.0465070251 -0.41 9.24
Jan 2023 138727.0146712962 -0.61 6.21
Feb 2023 138106.7475946553 -0.45 3.53
Mar 2023 138255.3676560019 0.11 1.91
Apr 2023 138324.1845949815 0.05 0.65
May 2023 138283.63183498228 -0.03 -0.49
Jun 2023 138017.21372831994 -0.19 -1.82
Jul 2023 137530.24995727706 -0.35 -2.70
Aug 2023 136888.0703706825 -0.47 -3.16
Sep 2023 135648.42092759968 -0.91 -3.60
Oct 2023 134483.63638682247 -0.86 -4.13
Nov 2023 133704.72213715853 -0.58 -4.60
Dec 2023 133445.55218250322 -0.19 -4.40
Jan 2024 133661.63966040272 0.16 -3.65
Feb 2024 134174.71712429507 0.38 -2.85
Mar 2024 134931.1827589567 0.56 -2.40
Apr 2024 136025.98866451217 0.81 -1.66
May 2024 136766.6219036027 0.54 -1.10
Jun 2024 137126.55741499932 0.26 -0.64
Jul 2024 136697.45804269335 -0.31 -0.61
Aug 2024 135442.9015215604 -0.92 -1.06
Sep 2024 134082.07757820006 -1.00 -1.15
Oct 2024 133810.22636818 -0.20 -0.50
Nov 2024 134715.60210520632 0.68 0.76
Dec 2024 136116.51802633604 1.04 2.00
Jan 2025 137314.7550803401 0.88 2.73
Feb 2025 138137.66256210036 0.60 2.95
Mar 2025 138246.98732756116 0.08 2.46
Apr 2025 136900.87743302932 -0.97 0.64
May 2025 134463.82028563065 -1.78 -1.68
Jun 2025 132014.265188069 -1.82 -3.73
Jul 2025 130106.92612180188 -1.44 -4.82
Aug 2025 128692.95607106942 -1.09 -4.98
Sep 2025 127423.58383895375 -0.99 -4.97
Oct 2025 126435.98062832351 -0.77 -5.51
Nov 2025 125826.56451896 -0.48 -6.60
Dec 2025 125407.53618286089 -0.33 -7.87
Jan 2026 125022.60970611707 -0.31 -8.95
Feb 2026 124280.58722496592 -0.59 -10.03