Memphis, TN housing market
The typical Memphis home is worth about $145,000, down 2.8% in a year, 57% below the Tennessee typical home. Homes typically sell in 40 days, below asking.
Home values, sales, trends and how Memphis compares with the towns next door — updated as new data is published.
Memphis at a glance
A balanced market
About 5.7 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Memphis | Tennessee |
|---|---|---|
| 2017 | $78,000 | $174,000 |
| 2018 | $87,000 | $187,000 |
| 2019 | $97,000 | $198,000 |
| 2020 | $104,000 | $215,000 |
| 2021 | $122,000 | $238,000 |
| 2022 | $142,000 | $287,000 |
| 2023 | $157,000 | $313,000 |
| 2024 | $148,000 | $326,000 |
| 2025 | $153,000 | $334,000 |
| 2026 | $149,000 | $333,000 |
| August 2026 | $145,000 | $334,000 |
Memphis and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Memphis | $145K | −2.8% | 40 | $51,736 |
| Germantown | $486K | −1% | 20 | $149,920 |
| Bartlett | $321K | −0.9% | 14 | $102,070 |
| Lakeland | $449K | −1.1% | 27 | $116,250 |
| Southaven | $273K | +1.5% | 42 | $78,483 |
| Olive Branch | $332K | +1% | 31 | $100,606 |
| West Memphis | $133K | +6.6% | 90 | $42,674 |
2.8 years of income
The typical Memphis home costs about 2.8 years of the town's median household income, less than across Tennessee (4.8 years).
How Memphis ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.