Housing market · ZIP 38111
Memphis, TN Home Prices & Forecast
Median value and 12-month outlook · as of April 2026
Median home value
$136,597
3-month-0.7%
6-month+0.3%
12-month-2.8%
Touse 12-month forecast
-3.2%
Projected median near $132,284 over the next 12 months
As of April 2026, the median home value in Memphis, TN (ZIP 38111) is $136,597. Prices are falling, down 2.8% over the past year. Touse's model projects a -3.2% change over the next 12 months, putting the median near $132,284.
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.