Memphis home values (September 2026)

The typical home in the Memphis, TN metro is worth $242,102, +0.1% over the last 12 months. Updated monthly from Zillow Research data.

Typical value: $242,102
1-year change: +0.1%
5-year change: +15.5%
10-year change: +85.6%

Typical home value, Memphis metro, last 10 years. Source: Zillow Research (ZHVI).

Where Memphis stands

#91 most expensive of the 100 largest U.S. metros; #70 by 1-year price growth.
1.2% below its peak of $245,155 in June 2024.

Home equity in Memphis

At an 85% combined loan-to-value cap, a typical $242,102 home supports up to $205,787 of total borrowing. With a typical mortgage still owed, about $70,210 of equity would be available as a line of credit. Run your own numbers in the HELOC calculator.

Compare nearby metros

Nashville, TN — $448,896 (-0.5% 1-yr)
Knoxville, TN — $363,018 (+1.9% 1-yr)
Chattanooga, TN — $318,922 (-0.3% 1-yr)
Baton Rouge, LA — $246,247 (+2.7% 1-yr)
Oklahoma City, OK — $243,069 (+1% 1-yr)
Akron, OH — $240,089 (+4% 1-yr)

Frequently asked questions

What is the typical home value in Memphis?

The typical home in the Memphis, TN metro area is worth about $242,102 as of September 2026, according to the Zillow Home Value Index (mid-tier homes, seasonally adjusted). That ranks #91 of the 100 largest U.S. metros.

Are home prices in Memphis going up or down?

Over the past 12 months the typical value changed +0.1% (#70 of 100 large metros by 1-year growth). Over 5 years it changed +15.5%, and over 10 years +85.6%. Values are 1.2% below the peak of $245,155 set in June 2024.

How much home equity could a Memphis homeowner borrow against?

Lenders typically cap combined loan-to-value at about 85%. On a typical $242,102 home that's $205,787 of total borrowing; after a typical existing mortgage (about 56% of value) roughly $70,210 would remain as a line of credit. This is an illustration, not an offer — your figure depends on your own balance, credit and appraisal.

Data: Zillow Research, Zillow Home Value Index (all homes, mid tier, smoothed and seasonally adjusted), September 2026. Equity figures are illustrative. Download the full dataset.