House Prices

House Prices & Home Values Memphis, TN 2026


Average Data

average house price$262,524
average size per house1763 ft²
average price per ft²149 $ / ft²

01/17/2026 - The value range (VR) for house prices in Memphis, TN is $20/ sqft to $332/ sqft. An average home with 1763 sqft costs approximately $35,260 to $585,316. Memphis, TN includes 28 ZIP codes and it is located in Shelby county. The lowest prices are found in ZIP 38106, while the highest are in ZIP 38104. The average price per sqare feet is $149. Our analysis is based on 344 property listings.

Avergage prices by ZIP codes Memphis

38103217 $ / ft²
38104312 $ / ft²
38105147 $ / ft²
3810621 $ / ft²
3810791 $ / ft²
3810855 $ / ft²
3810974 $ / ft²
3811177 $ / ft²
38112172 $ / ft²
3811449 $ / ft²
3811569 $ / ft²
3811677 $ / ft²
38117174 $ / ft²
3811871 $ / ft²
38119114 $ / ft²
38120182 $ / ft²
38122125 $ / ft²
38125168 $ / ft²
3812665 $ / ft²
3812760 $ / ft²
3812868 $ / ft²
3813160 $ / ft²
3813256 $ / ft²
38133122 $ / ft²
38134171 $ / ft²
38135109 $ / ft²
3814198 $ / ft²
38152181 $ / ft²


House prices by neighborhoods in Memphis

Annesdale Park358 $ / ft²
Annesdale Snowden301 $ / ft²
Central Gardens325 $ / ft²
Cooper Young308 $ / ft²
Crosstown342 $ / ft²
Idlewild East End333 $ / ft²
Lenox339 $ / ft²
Madison Heights357 $ / ft²
Medical District328 $ / ft²
Overton Square327 $ / ft²
Rozelle Annesdale319 $ / ft²




Historical development of home values in Memphis

Year Estimated value (USD) Change vs. 2025
2010 $121,921 -53.6%
2011 $117,206 -55.4%
2012 $116,891 -55.5%
2013 $121,260 -53.8%
2014 $127,289 -51.5%
2015 $133,822 -49.0%
2016 $140,806 -46.4%
2017 $148,406 -43.5%
2018 $156,611 -40.3%
2019 $163,872 -37.6%
2020 $172,344 -34.4%
2021 $196,022 -25.3%
2022 $228,518 -13.0%
2023 $240,983 -8.2%
2024 $254,924 -2.9%
2025 $262,524 0.0%

Graph: estimated home values in Memphis over time (USD)



Example: 100% financing house in Memphis

Loan amount: $262,524

Interest rate: 6.00%

Fixed monthly payment: $1,573.96

Breakdown in the 1st month:
Interest portion: $1,312.62  –  Principal portion: $261.34

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,663.74 $3,223.83 $259,300.17
2 $15,464.90 $3,422.66 $255,877.51
3 $15,253.80 $3,633.77 $252,243.74
4 $15,029.68 $3,857.89 $248,385.86
5 $14,791.73 $4,095.84 $244,290.02
6 $14,539.11 $4,348.46 $239,941.56
7 $14,270.91 $4,616.66 $235,324.90
8 $13,986.16 $4,901.41 $230,423.50
9 $13,683.85 $5,203.71 $225,219.78
10 $13,362.90 $5,524.67 $219,695.11
11 $13,022.15 $5,865.42 $213,829.70
12 $12,660.38 $6,227.18 $207,602.51
13 $12,276.31 $6,611.26 $200,991.25
14 $11,868.54 $7,019.03 $193,972.22
15 $11,435.62 $7,451.95 $186,520.27
16 $10,976.00 $7,911.57 $178,608.70
17 $10,488.03 $8,399.54 $170,209.16
18 $9,969.97 $8,917.60 $161,291.56
19 $9,419.95 $9,467.62 $151,823.94
20 $8,836.01 $10,051.56 $141,772.37
21 $8,216.05 $10,671.52 $131,100.85
22 $7,557.85 $11,329.72 $119,771.14
23 $6,859.06 $12,028.51 $107,742.63
24 $6,117.17 $12,770.40 $94,972.22
25 $5,329.52 $13,558.05 $81,414.17
26 $4,493.28 $14,394.28 $67,019.89
27 $3,605.48 $15,282.09 $51,737.80
28 $2,662.91 $16,224.66 $35,513.14
29 $1,662.21 $17,225.36 $18,287.78
30 $599.79 $18,287.78 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Memphis, TN


1500 sqft3900 sqft
Ø selling price$270,436$575,289
Ø fast selling$245,851$517,761
Ø high price sale$295,020$632,818

In 2026, houses in Memphis, TN will be offered at an average price of $149 per square foot. A 1,500 sqft home priced at $270,436 is 24.54% more expensive per square foot than a 3,900 sqft home priced at $575,289. Home prices in Memphis, TN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $398,278. Sellers who can wait longer may achieve a higher price of up to $486,784.


Explore Memphis, TN

Memphis, Tennessee blends historic music roots with modern Southern charm along the Mississippi River.

Music Heritage

Visitors flock to Beale Street, Sun Studio, and the Stax Museum to trace the birthplace of blues, soul, and rock ?n? roll.
Graceland, Elvis Presley?s legendary home, anchors a lineup of can?t-miss Memphis attractions for music lovers.

History & Culture

The National Civil Rights Museum at the Lorraine Motel offers powerful exhibits that deepen understanding of American history.
Family-friendly stops like the Memphis Zoo, the riverfront parks, and the Memphis Botanic Garden add variety to any itinerary.

Food & Barbecue

Foodies savor slow-smoked Memphis barbecue?ribs, pulled pork, and dry rub?plus inventive chef-driven Southern cuisine.

Neighborhoods & Outdoors

Distinct neighborhoods such as Downtown, South Main, and Midtown offer artsy boutiques, murals, and lively nightlife.
Outdoor enthusiasts enjoy Shelby Farms Park, Big River Crossing, and riverboat cruises with skyline views.

Business & Events

With a strategic location and world-class logistics anchored by FedEx, Memphis supports thriving healthcare, manufacturing, and startup sectors.
Plan your trip around Memphis in May, live music festivals, and Grizzlies games at FedExForum for an unforgettable Memphis, TN experience.



FAQ – Home Values in Memphis

What is the median home value in Memphis in 2026?

In 2026, the typical home value in Memphis is about $262,524 for an average home size of 1763 square feet. This corresponds to an average price of roughly $149 per square foot.

What is the average cost per square foot in Memphis?

In 2026, homes in Memphis sell for an average of around $149 per square foot, with a typical range between $20 and $332 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Memphis is about 1763 square feet, with an estimated 2026 value around $262,524.



Locations close to Memphis, TN

Germantown, TN118 $ / ft²
Mc Kenzie, TN131 $ / ft²
Atwood, TN139 $ / ft²
Ridgely, TN61 $ / ft²
Tiptonville, TN40 $ / ft²
Wynnburg, TN171 $ / ft²
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