Market Intelligence · TN / Memphis
Memphis, TN 38120 Housing Market
The typical home value in Memphis's 38120 ZIP is $423,348, down 1.4% over the past year as of 2026-08-01. The median list price is $448,750, and homes spend a median of 70 days on the market.
The median home value in Memphis, TN 38120 is $423K as of August 2026, down 1.4% 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 38120 range
$389K to $457K
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
-1.4% over 12 months
Aug 2025$429K
Low $423KHigh $429K
Aug 2026$423K