Zip Code: 38134 (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 38134 Zip Code (Memphis, Tennessee) in February 2026 was $222,235.412. The month over month percentage change (MoM) was 0.41%, and the year over year percentage change (YoY) was 0.43%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38134 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 38134 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: 38134 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38134 (Memphis, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 102253.40004233515 0.41 5.79
Feb 2015 102540.55254561892 0.28 4.68
Mar 2015 102667.43524541547 0.12 3.75
Apr 2015 102954.2377986448 0.28 3.17
May 2015 103406.16216001152 0.44 2.95
Jun 2015 103862.13582959409 0.44 2.76
Jul 2015 104311.43191467779 0.43 2.61
Aug 2015 104688.13315616001 0.36 2.69
Sep 2015 105104.9361690257 0.40 3.10
Oct 2015 105439.92579417187 0.32 3.81
Nov 2015 105858.34139656129 0.40 4.26
Dec 2015 106534.41696780508 0.64 4.62
Jan 2016 107404.67255620111 0.82 5.04
Feb 2016 108127.78223109606 0.67 5.45
Mar 2016 108406.38793916382 0.26 5.59
Apr 2016 108453.77651701875 0.04 5.34
May 2016 108301.72920866495 -0.14 4.73
Jun 2016 108356.8478884267 0.05 4.33
Jul 2016 108551.80929285749 0.18 4.07
Aug 2016 109033.82297116356 0.44 4.15
Sep 2016 109680.4575591862 0.59 4.35
Oct 2016 110550.61017604424 0.79 4.85
Nov 2016 111574.11209713039 0.93 5.40
Dec 2016 112742.6403573276 1.05 5.83
Jan 2017 113588.14211952314 0.75 5.76
Feb 2017 114185.74816519574 0.53 5.60
Mar 2017 114591.7402980489 0.36 5.71
Apr 2017 115178.85663986095 0.51 6.20
May 2017 115924.78687821723 0.65 7.04
Jun 2017 116818.90752600737 0.77 7.81
Jul 2017 117855.2545457727 0.89 8.57
Aug 2017 119063.07759114215 1.02 9.20
Sep 2017 120251.87725675925 1.00 9.64
Oct 2017 121504.0485975269 1.04 9.91
Nov 2017 122748.3878234739 1.02 10.02
Dec 2017 124047.89435443633 1.06 10.03
Jan 2018 124889.62443235044 0.68 9.95
Feb 2018 125211.38409533173 0.26 9.66
Mar 2018 125381.35199111747 0.14 9.42
Apr 2018 125940.85905731189 0.45 9.34
May 2018 126996.99161365691 0.84 9.55
Jun 2018 128140.6754568487 0.90 9.69
Jul 2018 129288.41010497865 0.90 9.70
Aug 2018 130384.66226592705 0.85 9.51
Sep 2018 131506.5261897215 0.86 9.36
Oct 2018 132668.2815381318 0.88 9.19
Nov 2018 133933.40391075122 0.95 9.11
Dec 2018 135324.0293723784 1.04 9.09
Jan 2019 136532.2285527906 0.89 9.32
Feb 2019 137518.49124100196 0.72 9.83
Mar 2019 138272.94647951252 0.55 10.28
Apr 2019 138934.68667063376 0.48 10.32
May 2019 139615.42244424784 0.49 9.94
Jun 2019 140268.50267140273 0.47 9.46
Jul 2019 141047.3566158742 0.56 9.10
Aug 2019 141842.91201962318 0.56 8.79
Sep 2019 142735.22268745405 0.63 8.54
Oct 2019 143792.54507890993 0.74 8.39
Nov 2019 145065.6061417004 0.89 8.31
Dec 2019 146452.08682274324 0.96 8.22
Jan 2020 147849.5605765546 0.95 8.29
Feb 2020 149159.37610429965 0.89 8.47
Mar 2020 150333.10070642564 0.79 8.72
Apr 2020 151322.14518499517 0.66 8.92
May 2020 152056.94278646816 0.49 8.91
Jun 2020 152932.62602853077 0.58 9.03
Jul 2020 154071.60584363656 0.75 9.23
Aug 2020 155752.95623666258 1.09 9.81
Sep 2020 157933.80342246866 1.40 10.65
Oct 2020 160660.6879368333 1.73 11.73
Nov 2020 163755.12362839704 1.93 12.88
Dec 2020 166580.03269197015 1.73 13.74
Jan 2021 169358.73073895893 1.67 14.55
Feb 2021 171876.49659928065 1.49 15.23
Mar 2021 174663.7356296183 1.62 16.18
Apr 2021 177320.5170265625 1.52 17.18
May 2021 180313.4972134224 1.69 18.58
Jun 2021 183818.71754444964 1.94 20.20
Jul 2021 186800.85307392827 1.62 21.24
Aug 2021 188422.3029349843 0.87 20.98
Sep 2021 188903.80966803932 0.26 19.61
Oct 2021 189744.10801720215 0.45 18.10
Nov 2021 191816.14645443912 1.09 17.14
Dec 2021 194500.6701750483 1.40 16.76
Jan 2022 198421.88089023842 2.02 17.16
Feb 2022 203125.21434384552 2.37 18.18
Mar 2022 208556.58603529198 2.67 19.41
Apr 2022 213714.5782848954 2.47 20.52
May 2022 218024.25206234967 2.02 20.91
Jun 2022 221496.8147533217 1.59 20.50
Jul 2022 223811.82339919545 1.05 19.81
Aug 2022 225373.3660020768 0.70 19.61
Sep 2022 226049.37296208602 0.30 19.66
Oct 2022 226242.70218739007 0.09 19.24
Nov 2022 225624.4340786864 -0.27 17.63
Dec 2022 224245.34151262636 -0.61 15.29
Jan 2023 222158.63443846974 -0.93 11.96
Feb 2023 220102.5057799381 -0.93 8.36
Mar 2023 219269.84201599527 -0.38 5.14
Apr 2023 219189.76440329818 -0.04 2.56
May 2023 219861.5841794598 0.31 0.84
Jun 2023 220374.55222553143 0.23 -0.51
Jul 2023 220865.28281037803 0.22 -1.32
Aug 2023 221625.7149707152 0.34 -1.66
Sep 2023 222040.99623469132 0.19 -1.77
Oct 2023 221867.89960439838 -0.08 -1.93
Nov 2023 220869.18531972566 -0.45 -2.11
Dec 2023 220035.87952230664 -0.38 -1.88
Jan 2024 219639.73132827962 -0.18 -1.13
Feb 2024 220098.25457069048 0.21 0.00
Mar 2024 221136.42722585393 0.47 0.85
Apr 2024 222715.12035217416 0.71 1.61
May 2024 224071.5718876498 0.61 1.92
Jun 2024 224813.24047540044 0.33 2.01
Jul 2024 224843.59525090177 0.01 1.80
Aug 2024 223996.35398334215 -0.38 1.07
Sep 2024 222888.52576376227 -0.49 0.38
Oct 2024 221899.99681347408 -0.44 0.01
Nov 2024 221570.89242506423 -0.15 0.32
Dec 2024 221365.45959747568 -0.09 0.60
Jan 2025 221360.53870875304 0.00 0.78
Feb 2025 221284.22240135004 -0.03 0.54
Mar 2025 221377.32178934847 0.04 0.11
Apr 2025 221564.90036152423 0.09 -0.52
May 2025 221647.84565368644 0.04 -1.08
Jun 2025 221594.19342157862 -0.02 -1.43
Jul 2025 221161.4811441476 -0.19 -1.64
Aug 2025 220621.76250718298 -0.24 -1.51
Sep 2025 219911.8804741605 -0.32 -1.33
Oct 2025 219517.31611842953 -0.18 -1.07
Nov 2025 219685.1792757639 0.08 -0.85
Dec 2025 220424.66043816708 0.34 -0.42
Jan 2026 221324.79788727107 0.41 -0.02
Feb 2026 222235.4120133213 0.41 0.43