Housing market · ZIP 38117
Memphis, TN Home Prices & Forecast
Median value and 12-month outlook · as of April 2026
Median home value
$269,676
3-month-0.4%
6-month-0.1%
12-month-1.5%
Touse 12-month forecast
-1.9%
Projected median near $264,501 over the next 12 months
As of April 2026, the median home value in Memphis, TN (ZIP 38117) is $269,676. Prices are stable, down 1.5% over the past year. Touse's model projects a -1.9% change over the next 12 months, putting the median near $264,501.
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.