Market Intelligence · TN / Memphis
Memphis, TN 38116 Housing Market
The typical home value in Memphis 38116 is $158,556, down 1.0% over the past year. The median list price is $154,825, and homes are taking a median of 82 days on market.
The median home value in Memphis, TN 38116 is $159K as of June 2026, down 1.0% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.
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Typical 38116 range
$146K to $171K
This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.
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12-month value trend
-1.0% over 12 months
Jun 2025$160K
Low $159KHigh $162K
Jun 2026$159K