Market Intelligence · TN / Memphis

Memphis, TN 38126 Housing Market

The typical home value in Memphis 38126 is $72,413, up 2.2% over the past year. The median list price sits at $176,175, with homes taking a median 63 days to sell as of September 2026.

Updated September 2026Median value$72K

The median home value in Memphis, TN 38126 is $72K as of September 2026, up 2.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Memphis home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 38126 range

$67K to $78K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 38126 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Memphis, TN.

12-month value trend

+2.2% over 12 months

Sep 2025$71K

Low $71KHigh $75K

Sep 2026$72K

The numbers

What is the 38126 housing market like?

As of September 2026

Typical home value

$72K

2.2%YoY

Median list price

$176K

33.0%MoM

Days on market

80.0%MoM

Homes for sale

9.1%MoM

Price cuts

0.0%

New listings

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

38126 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 38126 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 38126 rose 2.2%, per the Zillow Home Value Index.

Will home prices drop in 38126?

Zillow's forecast says they may: it expects typical home values in 38126 to fall 1.7% by September 2027, after a 2.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 38126 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 38126 home prices compare?

38126$72,413
Memphis$143,481
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

With 12 homes for sale and only 4 new listings in September 2026, supply remains tight in this ZIP. The median 63 days on market suggests steady but unhurried movement. No listings have seen price cuts, which aligns with the modest 2.2% annual value growth. For sellers, this is a balanced market where pricing at or near comparables matters, but waiting for bidding wars is unlikely.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $14,483

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 38126?

The typical home value is $72,413 as of September 2026, up 2.2% over the past year.

How long do homes typically stay on the market in 38126?

The median days on market is 63 as of September 2026.

What is the median list price in 38126?

The median list price is $176,175 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading