| # | ZIP | Median price | YoY | DOM | Active | $/sq ft |
|---|---|---|---|---|---|---|
| 1 | 38120 · Memphis, Tn | $444,250 | -14.5% | 68 | 88 | $171 |
| 2 | 38103 · Memphis, Tn | $341,000 | -2.5% | 90 | 166 | $210 |
| 3 | 38135 · Memphis, Tn | $328,950 | -3.5% | 64 | 79 | $150 |
| 4 | 38133 · Memphis, Tn | $319,670 | +8.4% | 60 | 73 | $170 |
| 5 | 38125 · Memphis, Tn | $314,975 | -4.3% | 55 | 73 | $147 |
| 6 | 38119 · Memphis, Tn | $293,000 | -12.5% | 61 | 89 | $142 |
| 7 | 38117 · Memphis, Tn | $281,025 | -16.0% | 64 | 202 | $170 |
| 8 | 38104 · Memphis, Tn | $279,900 | -14.5% | 92 | 148 | $156 |
| 9 | 38134 · Memphis, Tn | $257,475 | +2.0% | 62 | 48 | $146 |
| 10 | 38112 · Memphis, Tn | $222,025 | -13.2% | 94 | 74 | $144 |
| 11 | 38105 · Memphis, Tn | $214,700 | -3.0% | 94 | 25 | $142 |
| 12 | 38141 · Memphis, Tn | $203,750 | -0.4% | 54 | 27 | $132 |
| 13 | 38111 · Memphis, Tn | $195,950 | -12.2% | 68 | 209 | $139 |
| 14 | 38126 · Memphis, Tn | $176,175 | +26.6% | 63 | 12 | $100 |
| 15 | 38107 · Memphis, Tn | $174,994 | -0.7% | 72 | 102 | $112 |
| 16 | 38122 · Memphis, Tn | $166,915 | -7.0% | 114 | 144 | $132 |
| 17 | 38116 · Memphis, Tn | $159,475 | -8.6% | 56 | 68 | $95 |
| 18 | 38128 · Memphis, Tn | $145,000 | -14.1% | 68 | 150 | $102 |
| 19 | 38118 · Memphis, Tn | $129,950 | -7.1% | 85 | 95 | $99 |
| 20 | 38115 · Memphis, Tn | $129,675 | +42.5% | 62 | 54 | $80 |
| 21 | 38114 · Memphis, Tn | $118,875 | -5.2% | 70 | 81 | $107 |
| 22 | 38108 · Memphis, Tn | $107,500 | +29.9% | 145 | 114 | $103 |
| 23 | 38109 · Memphis, Tn | $100,000 | -13.4% | 77 | 187 | $92 |
| 24 | 38127 · Memphis, Tn | $99,000 | -5.3% | 62 | 253 | $85 |
| 25 | 38106 · Memphis, Tn | $86,000 | +5.5% | 76 | 128 | $76 |
ZIP-level data · September 2026
Memphis, TN real estate prices by ZIP code
Across the Memphis, TN market, home prices range from $86,000 in ZIP 38106 (Memphis, Tn) to $444,250 in ZIP 38120 (Memphis, Tn) as of September 2026 — a 5.2-times spread across 25 tracked ZIP codes. The median ZIP lists near $195,950. 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 $444,250, -14.5% year over year as of September 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) — $444,250 median, -14.5% year over year.
- ZIP 38103 (Memphis, Tn) — $341,000 median, -2.5% year over year.
- ZIP 38135 (Memphis, Tn) — $328,950 median, -3.5% 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 $86,000 as of September 2026, +5.5% year over year. Buyers trade up from $86,000 to $444,250 moving from this ZIP to the market's priciest, ZIP 38120.
Memphis home prices by ZIP code, ranked
All 25 Memphis-area ZIP codes with meaningful listing volume, ranked by median listing price as of September 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 38141 (Memphis, Tn) has the fastest-selling homes in Memphis, at a median 54 days on market as of September 2026. On price growth, ZIP 38115 (Memphis, Tn) leads at +42.5% 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 $444,250 as of September 2026 — -14.5% year over year. It is the priciest of the 25 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 $86,000 as of September 2026. That is roughly 5.2 times lower than the market's priciest ZIP, 38120, at $444,250 — 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 $86,000 to $444,250 across 25 tracked ZIP codes — a 5.2-times spread, September 2026. The median ZIP lists near $195,950. 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 September 2026, ZIP 38141 (Memphis, Tn) has the fastest-selling homes in Memphis, at a median 54 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 25 ZIP codes in the Memphis, TN market — every ZIP matched to the metro by place name with at least 10 active listings as of September 2026. ZIP codes with fewer active listings are left out because small samples make their medians unreliable.
Metro view
Open
Back to the full Memphis market report
Based on public records and industry data, September 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.