Memphis Real Estate Market — May 2026 Update

If you own a property in the Memphis metro and you're weighing whether to sell, hold, or rent it out, here's what the May 2026 data says.

Memphis market snapshot — May 2026

Late spring is when Memphis sellers see the most inquiries but also the highest fall-through rates as buyers chase financing and inspections. Cash closes side-step both.

Source: Zillow Research (ZHVI + ZORI), May 2026. State-level figures from public records.

What this means if you're selling

Larger metros like Memphis have deep buyer pools but also intense competition. The median home value across our 20 tracked Memphis ZIPs is $231,505, and serious cash buyers are typically circling 3-5 properties at any given time.

Top-yield ZIPs in Memphis

These are the ZIPs where investor and cash-buyer demand tends to be highest — driven by rental yield. If your property sits in one of these ZIPs, you're more likely to see competitive cash offers:

ZIP	City	Median value	Median rent	Gross yield
38118	Memphis	$126,190	$1,264/mo	12%
38112	Memphis	$126,825	$1,246/mo	11.8%
38111	Memphis	$133,389	$1,250/mo	11.2%

Run your numbers

Wherever your Memphis property sits on the value spectrum above, the math is what it is. The calculators below let you plug in your own numbers; the cash-offer button gets you a real, written number on your specific address.