Zip Code: 38119 (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 38119 Zip Code (Memphis, Tennessee) in February 2026 was $289,272.644. The month over month percentage change (MoM) was -0.02%, and the year over year percentage change (YoY) was -0.58%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38119 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 38119 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: 38119 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38119 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 150876.31460296552 0.42 1.88
Feb 2015 151507.97347653317 0.42 1.82
Mar 2015 152062.2799802821 0.37 1.68
Apr 2015 152610.31808305523 0.36 1.59
May 2015 153240.32580829918 0.41 1.69
Jun 2015 153661.25758468328 0.28 1.94
Jul 2015 154126.47839133526 0.30 2.32
Aug 2015 154395.39554854907 0.17 2.63
Sep 2015 154887.7006837026 0.32 2.97
Oct 2015 155452.1142204045 0.36 3.58
Nov 2015 156273.171881273 0.53 4.12
Dec 2015 157163.34614571495 0.57 4.60
Jan 2016 158255.9841819903 0.70 4.89
Feb 2016 159279.32246531823 0.65 5.13
Mar 2016 160213.92749816197 0.59 5.36
Apr 2016 160842.6220782006 0.39 5.39
May 2016 161254.55018830943 0.26 5.23
Jun 2016 161501.86582490723 0.15 5.10
Jul 2016 161511.8920101606 0.01 4.79
Aug 2016 161702.02129810094 0.12 4.73
Sep 2016 162080.52297861676 0.23 4.64
Oct 2016 162864.79430685003 0.48 4.77
Nov 2016 163797.54567462998 0.57 4.82
Dec 2016 164966.64184815428 0.71 4.97
Jan 2017 165986.06484838692 0.62 4.89
Feb 2017 166975.52879800418 0.60 4.83
Mar 2017 167824.09286410737 0.51 4.75
Apr 2017 169050.36279474033 0.73 5.10
May 2017 170298.2815848403 0.74 5.61
Jun 2017 171625.67945181904 0.78 6.27
Jul 2017 172763.5383906469 0.66 6.97
Aug 2017 173803.83983510872 0.60 7.48
Sep 2017 174904.9795877071 0.63 7.91
Oct 2017 176032.1253014156 0.64 8.09
Nov 2017 177382.7532989874 0.77 8.29
Dec 2017 178496.69922451736 0.63 8.20
Jan 2018 179174.68138830012 0.38 7.95
Feb 2018 179398.15216692004 0.13 7.44
Mar 2018 179649.30454989662 0.14 7.05
Apr 2018 180356.03074586895 0.39 6.69
May 2018 181606.510087099 0.69 6.64
Jun 2018 183010.70189788402 0.77 6.63
Jul 2018 184593.13457608316 0.87 6.85
Aug 2018 186058.55273173665 0.79 7.05
Sep 2018 187358.4469148786 0.70 7.12
Oct 2018 188284.10491443716 0.49 6.96
Nov 2018 189397.15294079867 0.59 6.77
Dec 2018 190845.84735030192 0.77 6.92
Jan 2019 192122.22586466698 0.67 7.23
Feb 2019 193349.67647710152 0.64 7.78
Mar 2019 194472.75958633088 0.58 8.25
Apr 2019 195784.6961786554 0.68 8.56
May 2019 196593.6655564533 0.41 8.25
Jun 2019 197406.9076505948 0.41 7.87
Jul 2019 198312.4502830252 0.46 7.43
Aug 2019 199422.05419124127 0.56 7.18
Sep 2019 200499.204167822 0.54 7.01
Oct 2019 201866.1720482234 0.68 7.21
Nov 2019 203636.84967858953 0.88 7.52
Dec 2019 205456.36287430648 0.89 7.66
Jan 2020 206998.14612177073 0.75 7.74
Feb 2020 208332.50505315594 0.65 7.75
Mar 2020 209699.408124231 0.66 7.83
Apr 2020 211111.99396791976 0.67 7.83
May 2020 212230.55746810988 0.53 7.95
Jun 2020 213516.25059940197 0.61 8.16
Jul 2020 215219.9268849969 0.80 8.53
Aug 2020 217534.14397031764 1.08 9.08
Sep 2020 220601.88516295594 1.41 10.03
Oct 2020 224420.00581133668 1.73 11.17
Nov 2020 228874.61735455925 1.99 12.39
Dec 2020 232980.55365541182 1.79 13.40
Jan 2021 236728.90835499598 1.61 14.36
Feb 2021 240026.97083934917 1.39 15.21
Mar 2021 243682.34984136783 1.52 16.21
Apr 2021 247311.52840144341 1.49 17.15
May 2021 251266.3058731562 1.60 18.39
Jun 2021 255379.23277805056 1.64 19.61
Jul 2021 259130.20780471587 1.47 20.40
Aug 2021 261831.80164920178 1.04 20.36
Sep 2021 263510.80030138773 0.64 19.45
Oct 2021 265449.05195659644 0.74 18.28
Nov 2021 268266.42329325195 1.06 17.21
Dec 2021 271611.3415552413 1.25 16.58
Jan 2022 275871.7400411446 1.57 16.54
Feb 2022 280692.9974551526 1.75 16.94
Mar 2022 285982.65841808595 1.89 17.36
Apr 2022 291078.7931444993 1.78 17.70
May 2022 295499.8558384475 1.52 17.60
Jun 2022 299113.7515061491 1.22 17.13
Jul 2022 301225.3495228527 0.71 16.25
Aug 2022 301997.34266723384 0.26 15.34
Sep 2022 301601.3507519548 -0.13 14.46
Oct 2022 300681.59019899205 -0.30 13.27
Nov 2022 299669.9938120867 -0.34 11.71
Dec 2022 298160.6001567535 -0.50 9.78
Jan 2023 296226.88341107493 -0.65 7.38
Feb 2023 294305.22071693256 -0.65 4.85
Mar 2023 293689.79613452376 -0.21 2.70
Apr 2023 293759.38570584805 0.02 0.92
May 2023 294449.45485946536 0.24 -0.35
Jun 2023 295106.9919220048 0.22 -1.34
Jul 2023 295686.6033643662 0.20 -1.84
Aug 2023 296339.9539849977 0.22 -1.87
Sep 2023 296438.7027015929 0.03 -1.71
Oct 2023 295913.25299916574 -0.18 -1.59
Nov 2023 294937.36426603247 -0.33 -1.58
Dec 2023 293993.6052643401 -0.32 -1.40
Jan 2024 293733.8660625877 -0.09 -0.84
Feb 2024 294000.7582436564 0.09 -0.10
Mar 2024 294938.566658645 0.32 0.43
Apr 2024 295840.0859202209 0.31 0.71
May 2024 295986.822979448 0.05 0.52
Jun 2024 295245.50827012863 -0.25 0.05
Jul 2024 293997.242390863 -0.42 -0.57
Aug 2024 292451.076195654 -0.53 -1.31
Sep 2024 291003.08153871115 -0.49 -1.83
Oct 2024 290139.23598894564 -0.30 -1.95
Nov 2024 289937.36106037954 -0.07 -1.69
Dec 2024 290084.0804778424 0.05 -1.33
Jan 2025 290565.4835434218 0.17 -1.08
Feb 2025 290953.4572651411 0.13 -1.04
Mar 2025 291250.1308944384 0.10 -1.25
Apr 2025 291157.84200860775 -0.03 -1.58
May 2025 291115.6110331916 -0.01 -1.65
Jun 2025 290827.9340232354 -0.10 -1.50
Jul 2025 290287.73345876083 -0.19 -1.26
Aug 2025 289515.4315313795 -0.27 -1.00
Sep 2025 288891.92223818955 -0.21 -0.72
Oct 2025 288768.24275168515 -0.04 -0.47
Nov 2025 288904.38242314686 0.05 -0.36
Dec 2025 289372.2146022404 0.16 -0.24
Jan 2026 289320.51164029463 -0.02 -0.43
Feb 2026 289272.64404054725 -0.02 -0.58