Zip Code: 38116 (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 38116 Zip Code (Memphis, Tennessee) in February 2026 was $155,328.943. The month over month percentage change (MoM) was 0.13%, and the year over year percentage change (YoY) was 0.21%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38116 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 38116 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: 38116 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38116 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 75564.55317852167 0.68 8.43
Feb 2015 75887.462761785 0.43 6.84
Mar 2015 76032.43945745507 0.19 5.41
Apr 2015 76015.14628902463 -0.02 3.70
May 2015 76147.04104675965 0.17 2.41
Jun 2015 76210.89979330251 0.08 1.47
Jul 2015 76405.54160190986 0.26 1.00
Aug 2015 76337.19435462668 -0.09 1.00
Sep 2015 76338.32291506424 0.00 1.38
Oct 2015 76624.79084730557 0.38 2.56
Nov 2015 77195.8810869202 0.75 3.40
Dec 2015 78007.04914601911 1.05 3.94
Jan 2016 78932.19635544711 1.19 4.46
Feb 2016 79709.67185984868 0.99 5.04
Mar 2016 80129.98582440951 0.53 5.39
Apr 2016 80133.53105544415 0.00 5.42
May 2016 79902.44818361454 -0.29 4.93
Jun 2016 79655.41452517064 -0.31 4.52
Jul 2016 79482.01062134946 -0.22 4.03
Aug 2016 79863.52269465571 0.48 4.62
Sep 2016 80522.57165149873 0.83 5.48
Oct 2016 81410.06862179349 1.10 6.25
Nov 2016 82272.98791741593 1.06 6.58
Dec 2016 83186.6901861491 1.11 6.64
Jan 2017 83934.08111678313 0.90 6.34
Feb 2017 84280.97451848305 0.41 5.74
Mar 2017 84681.86310405204 0.48 5.68
Apr 2017 85138.36596524627 0.54 6.25
May 2017 85805.11913993115 0.78 7.39
Jun 2017 86161.67179879581 0.42 8.17
Jul 2017 86546.79234271991 0.45 8.89
Aug 2017 87217.28244010582 0.78 9.21
Sep 2017 88319.62058552925 1.26 9.68
Oct 2017 89610.43782135239 1.46 10.07
Nov 2017 90730.02400170919 1.25 10.28
Dec 2017 91602.60645442148 0.96 10.12
Jan 2018 92143.75174940871 0.59 9.78
Feb 2018 92400.94571281038 0.28 9.63
Mar 2018 92640.75733055624 0.26 9.40
Apr 2018 93109.46272437666 0.51 9.36
May 2018 93880.40274821133 0.83 9.41
Jun 2018 94697.98850229644 0.87 9.91
Jul 2018 95628.46799656357 0.98 10.49
Aug 2018 96600.34354466695 1.02 10.76
Sep 2018 97406.35912995941 0.83 10.29
Oct 2018 98156.11395941237 0.77 9.54
Nov 2018 99008.68142918368 0.87 9.12
Dec 2018 100244.46880184406 1.25 9.43
Jan 2019 101209.22200109666 0.96 9.84
Feb 2019 101946.96531811496 0.73 10.33
Mar 2019 102231.35747182828 0.28 10.35
Apr 2019 102552.57899300451 0.31 10.14
May 2019 102878.45695393854 0.32 9.59
Jun 2019 103619.51388153002 0.72 9.42
Jul 2019 104574.74817478575 0.92 9.36
Aug 2019 105293.05050804796 0.69 9.00
Sep 2019 105790.8298955639 0.47 8.61
Oct 2019 106266.47560693293 0.45 8.26
Nov 2019 107159.94619392969 0.84 8.23
Dec 2019 108287.33817676116 1.05 8.02
Jan 2020 109338.66182199241 0.97 8.03
Feb 2020 110282.65308477961 0.86 8.18
Mar 2020 110877.35253154095 0.54 8.46
Apr 2020 111531.76683085594 0.59 8.76
May 2020 112027.45285068064 0.44 8.89
Jun 2020 112807.0967487952 0.70 8.87
Jul 2020 113810.84048275725 0.89 8.83
Aug 2020 115278.2878161834 1.29 9.48
Sep 2020 117262.77057492702 1.72 10.84
Oct 2020 119681.00969747284 2.06 12.62
Nov 2020 122433.8300092565 2.30 14.25
Dec 2020 124800.94089588254 1.93 15.25
Jan 2021 126974.06774839647 1.74 16.13
Feb 2021 128658.97859295511 1.33 16.66
Mar 2021 130569.68514503648 1.49 17.76
Apr 2021 132452.4665424094 1.44 18.76
May 2021 134827.85348218938 1.79 20.35
Jun 2021 137722.49335559306 2.15 22.09
Jul 2021 139145.22548599847 1.03 22.26
Aug 2021 139294.5915995864 0.11 20.83
Sep 2021 138114.31454965894 -0.85 17.78
Oct 2021 138240.86784049167 0.09 15.51
Nov 2021 139329.80941378474 0.79 13.80
Dec 2021 141096.02489189713 1.27 13.06
Jan 2022 143995.27129920604 2.06 13.41
Feb 2022 147755.55743661826 2.61 14.84
Mar 2022 151842.6330312225 2.77 16.29
Apr 2022 155085.23403736416 2.14 17.09
May 2022 157372.97559934 1.48 16.72
Jun 2022 159672.48569856334 1.46 15.94
Jul 2022 161748.48745111324 1.30 16.24
Aug 2022 163464.24008345205 1.06 17.35
Sep 2022 164500.16134147203 0.63 19.10
Oct 2022 164964.10054675935 0.28 19.33
Nov 2022 164748.85645523912 -0.13 18.24
Dec 2022 163207.17487690097 -0.94 15.67
Jan 2023 160631.01993553762 -1.58 11.55
Feb 2023 157647.9133582432 -1.86 6.70
Mar 2023 155664.7584481062 -1.26 2.52
Apr 2023 155017.2988622702 -0.42 -0.04
May 2023 155244.4308033934 0.15 -1.35
Jun 2023 155537.5756171867 0.19 -2.59
Jul 2023 155371.70979909704 -0.11 -3.94
Aug 2023 155175.5492212151 -0.13 -5.07
Sep 2023 154514.9046227913 -0.43 -6.07
Oct 2023 153129.87336456747 -0.90 -7.17
Nov 2023 151308.04738654566 -1.19 -8.16
Dec 2023 149980.31117111837 -0.88 -8.10
Jan 2024 149091.9551031594 -0.59 -7.18
Feb 2024 148997.07009012796 -0.06 -5.49
Mar 2024 149561.48601687394 0.38 -3.92
Apr 2024 151160.4321643601 1.07 -2.49
May 2024 153054.07497032257 1.25 -1.41
Jun 2024 154011.13017708322 0.63 -0.98
Jul 2024 154085.62132839105 0.05 -0.83
Aug 2024 153149.89788485516 -0.61 -1.30
Sep 2024 152340.7474162558 -0.53 -1.41
Oct 2024 151934.08318386952 -0.27 -0.78
Nov 2024 152554.11878643048 0.41 0.82
Dec 2024 153397.32392326678 0.55 2.28
Jan 2025 154425.02028848036 0.67 3.58
Feb 2025 155006.48896295702 0.38 4.03
Mar 2025 155340.93789728326 0.22 3.86
Apr 2025 155237.5386032764 -0.07 2.70
May 2025 154327.8065995634 -0.59 0.83
Jun 2025 153567.62913171036 -0.49 -0.29
Jul 2025 152743.27566023436 -0.54 -0.87
Aug 2025 152597.13885782057 -0.10 -0.36
Sep 2025 152546.68143430637 -0.03 0.14
Oct 2025 152952.4316056948 0.27 0.67
Nov 2025 153690.7786136562 0.48 0.75
Dec 2025 154527.22837406502 0.54 0.74
Jan 2026 155121.10107438898 0.38 0.45
Feb 2026 155328.94304704052 0.13 0.21