Housing market · ZIP 38109
Memphis, TN Home Prices & Forecast
Median value and 12-month outlook · as of April 2026
Median home value
$94,539
3-month-2.1%
6-month-4.0%
12-month-8.1%
Touse 12-month forecast
-7.4%
Projected median near $87,561 over the next 12 months
As of April 2026, the median home value in Memphis, TN (ZIP 38109) is $94,539. Prices are falling, down 8.1% over the past year. Touse's model projects a -7.4% change over the next 12 months, putting the median near $87,561.
Nearby areas in Shelby
Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.