Home Values

Memphis Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$145,700

  • -0.2% 1-year change
  • 2.1% 1-year forecast

The median home value in Memphis is $145,700. Memphis home values have declined -0.2% over the past year and Zillow predicts they will rise 2.1% within the next year.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Memphis is 3.3%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Memphis homeowners underwater on their mortgage is 18.0%, which is lower than Detroit Metro at 21.3%.

Read more
Relative ZHVI
- +

Memphis Market Overview

Data through Apr 30, 2015
  • $145,700 ZHVI
  • 2.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Memphis Market Health

Data through Apr 30, 2015
  • No recent data
  • No data Average days on Zillow
  • 18.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Armada $173,100
Columbus $165,100
Richmond $151,600
Name Median ZHVI
Allenton $150,100
Goodells $147,000
Emmett $138,100
Name Median ZHVI
New Haven $128,900
Avoca $119,300
Capac $88,100

Listings & Sales

  • No data
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Memphis Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,090 Memphis
    $1,121 Detroit Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading