Housing market · ZIP 38127

Memphis, TN Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$91,608

3-month-1.7%

6-month-2.9%

12-month-7.0%

Touse 12-month forecast

-6.8%

Projected median near $85,344 over the next 12 months

As of April 2026, the median home value in Memphis, TN (ZIP 38127) is $91,608. Prices are falling, down 7.0% over the past year. Touse's model projects a -6.8% change over the next 12 months, putting the median near $85,344.

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Nearby areas in Shelby

Memphis 37501 Memphis 37544 Arlington 38002 Brunswick 38014 Cordova 38016 Collierville 38017 Cordova 38018 Collierville 38027

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.