| # | ZIP | Median price | YoY | DOM | Active | $/sq ft |
|---|---|---|---|---|---|---|
| 1 | 38120 · Memphis, Tn | $476,825 | -10.0% | 58 | 92 | $168 |
| 2 | 38103 · Memphis, Tn | $360,500 | +0.1% | 76 | 162 | $212 |
| 3 | 38135 · Memphis, Tn | $359,926 | -6.5% | 46 | 75 | $151 |
| 4 | 38119 · Memphis, Tn | $320,750 | -5.6% | 44 | 97 | $140 |
| 5 | 38133 · Memphis, Tn | $319,811 | -9.2% | 48 | 64 | $171 |
| 6 | 38125 · Memphis, Tn | $307,450 | -11.1% | 43 | 51 | $145 |
| 7 | 38104 · Memphis, Tn | $299,225 | -14.5% | 69 | 173 | $168 |
| 8 | 38117 · Memphis, Tn | $286,200 | -11.3% | 60 | 210 | $171 |
| 9 | 38134 · Memphis, Tn | $269,400 | +7.9% | 41 | 57 | $147 |
| 10 | 38112 · Memphis, Tn | $225,950 | -17.2% | 76 | 83 | $142 |
| 11 | 38111 · Memphis, Tn | $199,225 | -20.0% | 67 | 208 | $141 |
| 12 | 38141 · Memphis, Tn | $190,750 | -11.1% | 58 | 26 | $133 |
| 13 | 38105 · Memphis, Tn | $184,900 | -17.8% | 44 | 18 | $142 |
| 14 | 38122 · Memphis, Tn | $174,373 | -17.3% | 96 | 147 | $136 |
| 15 | 38107 · Memphis, Tn | $157,450 | -20.6% | 76 | 93 | $101 |
| 16 | 38116 · Memphis, Tn | $154,825 | -12.1% | 82 | 67 | $90 |
| 17 | 38128 · Memphis, Tn | $143,124 | -17.0% | 57 | 145 | $101 |
| 18 | 38114 · Memphis, Tn | $135,225 | +17.6% | 66 | 97 | $111 |
| 19 | 38118 · Memphis, Tn | $134,475 | -7.9% | 48 | 95 | $104 |
| 20 | 38115 · Memphis, Tn | $129,225 | +5.7% | 76 | 52 | $87 |
| 21 | 38108 · Memphis, Tn | $109,950 | +16.1% | 100 | 124 | $109 |
| 22 | 38109 · Memphis, Tn | $100,000 | -16.7% | 71 | 196 | $92 |
| 23 | 38127 · Memphis, Tn | $99,675 | -8.6% | 82 | 259 | $89 |
| 24 | 38106 · Memphis, Tn | $91,000 | +4.7% | 85 | 118 | $83 |
ZIP-level data · June 2026
Memphis real estate prices by ZIP code
Across the Memphis, TN market, home prices range from $91,000 in ZIP 38106 (Memphis, Tn) to $476,825 in ZIP 38120 (Memphis, Tn) as of June 2026 — a 5.2-times spread across 24 tracked ZIP codes. The median ZIP lists near $184,900. Figures come from public records and industry data.
Which ZIP codes are most expensive in Memphis?
The most expensive ZIP code in Memphis is 38120 (Memphis, Tn) at a median $476,825, -10.0% year over year as of June 2026. It sits about 5.2 times higher than the market's most affordable ZIP. The three priciest ZIP codes are:
- ZIP 38120 (Memphis, Tn) — $476,825 median, -10.0% year over year.
- ZIP 38103 (Memphis, Tn) — $360,500 median, +0.1% year over year.
- ZIP 38135 (Memphis, Tn) — $359,926 median, -6.5% year over year.
Which ZIP code is most affordable in Memphis?
The most affordable ZIP code in Memphis is 38106 (Memphis, Tn) at a median $91,000 as of June 2026, +4.7% year over year. Buyers trade up from $91,000 to $476,825 moving from this ZIP to the market's priciest, ZIP 38120.
Memphis home prices by ZIP code, ranked
All 24 Memphis-area ZIP codes with meaningful listing volume, ranked by median listing price as of June 2026. The table lists year-over-year price change, median days on market, active listings and price per square foot for each ZIP so you can compare neighborhoods directly.
Which Memphis ZIP codes are moving fastest?
ZIP 38134 (Memphis, Tn) has the fastest-selling homes in Memphis, at a median 41 days on market as of June 2026. On price growth, ZIP 38114 (Memphis, Tn) leads at +17.6% year over year. Faster sales and higher year-over-year gains signal stronger local demand.
Memphis ZIP code real estate FAQ
What is the most expensive ZIP code in Memphis?
The most expensive ZIP code in Memphis, TN is 38120 (Memphis, Tn), with a median listing price of $476,825 as of June 2026 — -10.0% year over year. It is the priciest of the 24 Memphis-area ZIP codes with enough active listings to measure.
What is the most affordable ZIP code in Memphis?
The most affordable ZIP code in Memphis is 38106 (Memphis, Tn), at a median $91,000 as of June 2026. That is roughly 5.2 times lower than the market's priciest ZIP, 38120, at $476,825 — the gap that neighborhood choice makes in Memphis.
How much do home prices vary by ZIP code in Memphis?
Home prices in Memphis range from $91,000 to $476,825 across 24 tracked ZIP codes — a 5.2-times spread, June 2026. The median ZIP lists near $184,900. ZIP-level medians shift month to month because each rests on a small sample of listings.
Which Memphis ZIP code has the fastest-selling homes?
As of June 2026, ZIP 38134 (Memphis, Tn) has the fastest-selling homes in Memphis, at a median 41 days on market. A lower days-on-market figure usually points to stronger buyer demand relative to the supply of homes for sale in that ZIP code.
How many ZIP codes are in the Memphis real estate market?
This page tracks 24 ZIP codes in the Memphis, TN market — every ZIP matched to the metro by place name with at least 10 active listings as of June 2026. ZIP codes with fewer active listings are left out because small samples make their medians unreliable.
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Based on public records and industry data, June 2026 — see our methodology. ZIPs are matched to the Memphis market by place name and require at least 10 active listings; small samples make ZIP medians volatile month to month. Not investment advice. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.