Specific data for this location is not currently available. The data shown is for the surrounding area.
Memphis Housing Market
$237,217
0.6% 1-yrThe average Memphis home value is $237,217, up 0.6% over the past year and goes to pending in around 30 days.
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Memphis Key Takeaways
Typical Home Values: $237,217
1-year Value Change: +0.6%
(Data through March 31, 2025)
Memphis Housing Market Overview
--1-year Market Forecast
4,759For sale inventory(March 31, 2025)
1,300New listings(March 31, 2025)
0.983Median sale to list ratio(February 28, 2025)
$214,167Median sale price(February 28, 2025)
$289,667Median list price(March 31, 2025)
14.5%Percent of sales over list price(February 28, 2025)
60.7%Percent of sales under list price(February 28, 2025)
30Median days to pending(March 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Patoka
- NameMedian ZHVI
- White Haven-Coro Lake$116,839
- Downtown$82,204
- Midtown$131,162
- Eudora--
- Shelby Forest-Frayser$89,448
- Parkway Village-Oakhaven$121,994
- East Memphis-Colonial-Yorkshire$185,443
- Berclair-Highland Heights$102,890
Move forward with a local partner
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
An equal housing lender. NMLS #10287.
Memphis Rental Market Trends
$1,436Average rent in Memphis(March 31, 2025)
$2,005National average rent(March 31, 2025)
0.6%Month-over-month change(March 31, 2025)
2.7%Year-over-year change(March 31, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
