Home Values

Midtown 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

$52,600

  • -13.1% 1-year change
  • 1.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Midtown is $52,600. Midtown home values have declined -13.1% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Midtown is None. The median rent price in Midtown is $695, which is lower than the Memphis median of $850.

Foreclosures will be a factor impacting home values in the next several years. In Midtown 5.1 homes are foreclosed (per 10,000). This is lower than the Memphis value of 8.4 and also greater than the national value of 3.0

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Relative ZHVI
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Midtown Market Overview

Data through Mar 31, 2015
  • $52,600 ZHVI
  • 1.8% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $119,700 Median sale price
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Midtown Market Health

Data through Mar 31, 2015
  • 1.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

5.1 homes Midtown
8.4 homes Memphis
3 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Raleigh $67,700
White Haven-Coro Lake $56,200
Parkway Village-Oakhaven $56,000
Name Median ZHVI
Downtown Memphis $45,800
Shelby Forest-Frayser $43,300
Berclair-Highland Heights $41,200

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $79 Median sale price / sq ft
  • No data Listings with price cut
32.8%
Sold below listing
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Midtown Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $741 Midtown
    $866 Memphis
    $1,362 United States

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

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $695 Rent list price
  • $0.64 Rent list price / sq ft
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