Housing market · ZIP 38122
Memphis, TN Home Prices & Forecast
Median value and 12-month outlook · as of April 2026
Median home value
$126,616
3-month-0.6%
6-month-1.6%
12-month-2.8%
Touse 12-month forecast
-3.3%
Projected median near $122,497 over the next 12 months
As of April 2026, the median home value in Memphis, TN (ZIP 38122) is $126,616. Prices are falling, down 2.8% over the past year. Touse's model projects a -3.3% change over the next 12 months, putting the median near $122,497.
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.