Market Intelligence · TN / Memphis

Memphis, TN 38126 Housing Market

The typical home value in Memphis 38126 is $76,376, down 2.9% over the past year. The median list price sits at $188,739, and homes are taking a median of 170 days on market.

Updated June 2026Median value$76K

The median home value in Memphis, TN 38126 is $76K as of June 2026, down 2.9% 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.

Get a cash offer

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

$70K to $82K

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.

Track my home's value

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

-2.9% over 12 months

Typical home value in 38126 over the last 12 months: $79K in Jun 2025 to $76K in Jun 2026 (-2.9%).

Jun 2025$79K

Jun 2026$76K

The numbers

What is the 38126 housing market like?

Typical home value

$76K

Down2.9%YoY

Median list price

$189K

Days on market

170

Down42.6%MoM

Homes for sale

5

Price cuts

0.0%

New listings

0

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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$76,376
  • Memphis$148,486
  • Tennessee$273,929
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,270 ZIPs).

Context

The 38126 ZIP code in Memphis shows a small market with 5 homes for sale as of June 2026. The median list price is $188,739, well above the typical home value of $76,376, which is down 2.9% over the past year. Homes here sit for a median of 170 days on market, and there were 0 new listings in the latest count. None of the current listings had a price cut. For sellers, the slow pace and declining values mean pricing carefully and planning for a longer wait.

Monthly payment

Estimate your monthly payment.

20% · $15,275

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.