Market Intelligence · TN / Memphis

Memphis, TN 38126 Housing Market

The typical home value in Memphis, TN 38126 is $76,219, up 1.5% over the past year as of 2026-08-01. The median list price is $132,500, and homes are spending a median of 35 days on market.

Updated August 2026Median value$76K

The median home value in Memphis, TN 38126 is $76K as of August 2026, up 1.5% 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 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.

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12-month value trend

+1.5% over 12 months

Typical home value in 38126 over the last 12 months: $75K in Aug 2025 to $76K in Aug 2026 (+1.5%).

Aug 2025$75K

Aug 2026$76K

The numbers

What is the 38126 housing market like?

Typical home value

$76K

Up1.5%YoY

Median list price

$133K

Down18.4%MoM

Days on market

35

Down36.4%MoM

Homes for sale

11

Up10.0%MoM

Price cuts

0.0%

New listings

0

Down100.0%MoM

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

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The comparison

How do 38126 home prices compare?

  • 38126$76,219
  • Memphis$148,286
  • Tennessee$270,768
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Memphis: 25 ZIPs; Tennessee: 587 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 11 homes for sale in the 38126 ZIP, with 0 new listings coming on. The median list price sits at $132,500, while the typical home value is $76,219, a figure that rose 1.5% over the past year. Homes are moving at a median of 35 days on market, and 0.0% of active listings have taken a price cut. That combination suggests sellers are holding firm on price even in a low-priced market. For a homeowner weighing a sale, pricing correctly from day one matters more than testing the market high.

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