Zip Code: 38139 (Germantown, 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 38139 Zip Code (Germantown, Tennessee) in February 2026 was $583,758.416. The month over month percentage change (MoM) was -0.16%, and the year over year percentage change (YoY) was -0.83%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38139 zip code (Germantown, Tennessee). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 38139 zip code (Germantown, 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: 38139 (Germantown, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38139 (Germantown, Tennessee) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 350831.478115185 0.53 2.39
Feb 2015 353071.2752697193 0.64 2.26
Mar 2015 355073.23542564496 0.57 2.04
Apr 2015 356279.68265463045 0.34 1.73
May 2015 356801.9592543358 0.15 1.67
Jun 2015 357312.01747368573 0.14 1.99
Jul 2015 357575.6686324075 0.07 2.44
Aug 2015 357779.5454026898 0.06 2.82
Sep 2015 358140.28762300225 0.10 2.96
Oct 2015 358748.3450564987 0.17 3.17
Nov 2015 360020.97372686793 0.36 3.35
Dec 2015 361764.7677643441 0.48 3.66
Jan 2016 364226.05243006605 0.68 3.82
Feb 2016 366390.98367005255 0.59 3.77
Mar 2016 367690.94347229856 0.36 3.55
Apr 2016 367964.97470823955 0.08 3.28
May 2016 367687.08261119324 -0.08 3.05
Jun 2016 367543.9263434343 -0.04 2.86
Jul 2016 367515.28159645665 -0.01 2.78
Aug 2016 367548.17560023774 0.01 2.73
Sep 2016 367745.25876172323 0.05 2.68
Oct 2016 368364.25364065706 0.17 2.68
Nov 2016 369639.4884145949 0.35 2.67
Dec 2016 371742.24272268545 0.57 2.76
Jan 2017 374233.3921999926 0.67 2.75
Feb 2017 376768.1640641939 0.68 2.83
Mar 2017 378790.7938370579 0.54 3.02
Apr 2017 380810.99666774226 0.53 3.49
May 2017 382118.62094025494 0.34 3.93
Jun 2017 383023.71653464687 0.24 4.21
Jul 2017 383904.70126563293 0.23 4.46
Aug 2017 385140.82397705276 0.32 4.79
Sep 2017 386752.1442147177 0.42 5.17
Oct 2017 387865.18166759936 0.29 5.29
Nov 2017 388534.53452779114 0.17 5.11
Dec 2017 389321.11727103795 0.20 4.73
Jan 2018 390661.28365108767 0.34 4.39
Feb 2018 392507.9685537408 0.47 4.18
Mar 2018 394800.84345113253 0.58 4.23
Apr 2018 397033.4665844532 0.57 4.26
May 2018 399648.0258892025 0.66 4.59
Jun 2018 401870.02537901915 0.56 4.92
Jul 2018 404446.8000649467 0.64 5.35
Aug 2018 406705.0017972971 0.56 5.60
Sep 2018 408635.34787679877 0.48 5.66
Oct 2018 409854.6872373908 0.30 5.67
Nov 2018 410814.336441729 0.23 5.73
Dec 2018 412110.1028389789 0.32 5.85
Jan 2019 412918.53762048157 0.20 5.70
Feb 2019 413581.41508758627 0.16 5.37
Mar 2019 413972.3683904908 0.10 4.86
Apr 2019 414902.8005051844 0.23 4.50
May 2019 415988.58850138943 0.26 4.09
Jun 2019 417241.23878214805 0.30 3.83
Jul 2019 418267.7268264414 0.25 3.42
Aug 2019 419496.44296011847 0.29 3.15
Sep 2019 420977.16404468875 0.35 3.02
Oct 2019 423019.4746642029 0.49 3.21
Nov 2019 425353.1096459834 0.55 3.54
Dec 2019 427596.0008837211 0.53 3.76
Jan 2020 429882.4805000539 0.54 4.11
Feb 2020 432387.21514824266 0.58 4.55
Mar 2020 434924.1284651199 0.59 5.06
Apr 2020 436951.1079147314 0.47 5.31
May 2020 437861.77594904957 0.21 5.26
Jun 2020 438895.4899198998 0.24 5.19
Jul 2020 440485.2290299249 0.36 5.31
Aug 2020 443161.4569246953 0.61 5.64
Sep 2020 446907.422437207 0.85 6.16
Oct 2020 451545.8373420301 1.04 6.74
Nov 2020 456970.8546760408 1.20 7.43
Dec 2020 462069.8737310095 1.12 8.06
Jan 2021 467087.6721282638 1.09 8.65
Feb 2021 472106.00153769896 1.07 9.19
Mar 2021 477458.2086592091 1.13 9.78
Apr 2021 483245.6980309635 1.21 10.60
May 2021 489574.2206251677 1.31 11.81
Jun 2021 495687.20212169335 1.25 12.94
Jul 2021 500878.9562511202 1.05 13.71
Aug 2021 504568.6620169035 0.74 13.86
Sep 2021 507893.0276267336 0.66 13.65
Oct 2021 511621.0619051626 0.73 13.30
Nov 2021 516879.07964789384 1.03 13.11
Dec 2021 522835.9839229551 1.15 13.15
Jan 2022 529637.7894781898 1.30 13.39
Feb 2022 536378.2355813229 1.27 13.61
Mar 2022 543374.5239496124 1.30 13.81
Apr 2022 550423.3016590792 1.30 13.90
May 2022 557260.6980253848 1.24 13.83
Jun 2022 562933.8828634511 1.02 13.57
Jul 2022 566144.8142633225 0.57 13.03
Aug 2022 566678.7576579667 0.09 12.31
Sep 2022 565187.8520149748 -0.26 11.28
Oct 2022 563876.1514236905 -0.23 10.21
Nov 2022 563266.6895722789 -0.11 8.98
Dec 2022 563405.5006191675 0.03 7.76
Jan 2023 562977.2651512452 -0.08 6.30
Feb 2023 562584.3789635053 -0.07 4.89
Mar 2023 563142.6016248759 0.10 3.64
Apr 2023 564759.5774669286 0.29 2.61
May 2023 567561.6389776719 0.50 1.85
Jun 2023 570108.8404471214 0.45 1.27
Jul 2023 572580.6983142047 0.43 1.14
Aug 2023 574407.3870804639 0.32 1.36
Sep 2023 576055.5448235816 0.29 1.92
Oct 2023 576809.6887096363 0.13 2.29
Nov 2023 577235.6204783273 0.07 2.48
Dec 2023 577671.3969563372 0.08 2.53
Jan 2024 578536.4703031142 0.15 2.76
Feb 2024 579910.7169649206 0.24 3.08
Mar 2024 582286.483543344 0.41 3.40
Apr 2024 585267.1676129609 0.51 3.63
May 2024 587690.2837019291 0.41 3.55
Jun 2024 588648.2484205835 0.16 3.25
Jul 2024 587907.4831147586 -0.13 2.68
Aug 2024 586129.8369010513 -0.30 2.04
Sep 2024 584572.1580052582 -0.27 1.48
Oct 2024 584707.6571100745 0.02 1.37
Nov 2024 585833.7449837434 0.19 1.49
Dec 2024 586950.0855699418 0.19 1.61
Jan 2025 587942.7148169634 0.17 1.63
Feb 2025 588634.78704907 0.12 1.50
Mar 2025 589025.4035306646 0.07 1.16
Apr 2025 588620.4428953134 -0.07 0.57
May 2025 587507.7290310283 -0.19 -0.03
Jun 2025 586250.8202492964 -0.21 -0.41
Jul 2025 585086.9052841365 -0.20 -0.48
Aug 2025 584646.0184631833 -0.07 -0.25
Sep 2025 584993.5139635258 0.06 0.07
Oct 2025 585847.694731247 0.15 0.20
Nov 2025 586222.6566530867 0.06 0.07
Dec 2025 585799.9684734225 -0.07 -0.20
Jan 2026 584719.1349951791 -0.18 -0.55
Feb 2026 583758.4160941142 -0.16 -0.83