Home values, rents and more in Memphis, TN
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Memphis in ProMap- Under $120k
- $120k–$210k
- $210k–$270k
- $270k–$330k
- $330k+
- No data
How Memphis compares
The typical home in Memphis, TN is worth about $152,000, according to the Zillow Home Value Index for September 2026. Home values in Memphis are 37% below the typical value in the Memphis metro area ($242,000) and 59% below the U.S. typical value ($366,000).
Over the past year, home values in Memphis fell 2.8%, compared with +0.1% in the Memphis metro area and +1.2% nationally.
Typical rent is $1,259 a month (Zillow Observed Rent Index), 10% below the Memphis metro area ($1,393) and 35% below the U.S. ($1,932). Rents rose 1.7% over the past year.
The median household income is $51,736, against $66,401 in the Memphis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 618,980 people live in Memphis (American Community Survey 2020–24).
Memphis has the 6th-lowest typical home value of the 43 cities in the Memphis metro area and the 24th-lowest of 394 in Tennessee with Zillow figures.
Part of: Shelby County, TN · Memphis metro area · Tennessee
More for Memphis in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Memphis, TN
- 38103 · Memphis $319,000
- 38104 · Memphis $249,000
- 38105 · Memphis $107,000
- 38106 · Memphis $54,692
- 38107 · Memphis $104,000
- 38108 · Memphis $66,544
- 38109 · Memphis $87,743
- 38111 · Memphis $131,000
- 38112 · Memphis $120,000
- 38114 · Memphis $70,757
- 38115 · Memphis $161,000
- 38116 · Memphis $151,000
- 38117 · Memphis $264,000
- 38118 · Memphis $120,000
- 38119 · Memphis $288,000
- 38120 · Memphis $422,000
- 38122 · Memphis $121,000
- 38125 · Memphis $276,000
- 38126 · Memphis $72,412
- 38127 · Memphis $86,555
- 38128 · Memphis $143,000
- 38141 · Memphis $188,000
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.