House Prices

Central Gardens Memphis, TN House Prices & Home Values 2026


Average Data

average house price$490,419
average size per house1839 ft²
average price per ft²261 $ / ft²

04/05/2026 - The value range (VR) for house prices in Central Gardens Memphis, TN is $247.95/ sqft to $274.05/ sqft. An average home with 1839 sqft costs approximately $445,949 to $492,891. Memphis, TN includes 1 ZIP codes and it is located in Shelby county. The lowest prices are found in ZIP 38104, while the highest are in ZIP 38104. The average price per sqare feet is $261. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Central Gardens Memphis

38104325 $ / ft²




Historical development of home values in Central Gardens Memphis

Year Estimated value (USD) Change vs. 2025
2010 $227,759 -53.6%
2011 $218,952 -55.4%
2012 $218,362 -55.5%
2013 $226,524 -53.8%
2014 $237,788 -51.5%
2015 $249,992 -49.0%
2016 $263,039 -46.4%
2017 $277,236 -43.5%
2018 $292,563 -40.3%
2019 $306,129 -37.6%
2020 $321,954 -34.4%
2021 $366,188 -25.3%
2022 $426,893 -13.0%
2023 $450,178 -8.2%
2024 $476,222 -2.9%
2025 $490,419 0.0%

Graph: estimated home values in Central Gardens Memphis over time (USD)



Example: 100% financing house in Central Gardens Memphis

Loan amount: $490,419

Interest rate: 5.87%

Fixed monthly payment: $2,898.82

Breakdown in the 1st month:
Interest portion: $2,398.15  –  Principal portion: $500.67

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $28,613.54 $6,172.30 $484,246.70
2 $28,241.44 $6,544.39 $477,702.30
3 $27,846.92 $6,938.92 $470,763.39
4 $27,428.61 $7,357.22 $463,406.16
5 $26,985.09 $7,800.75 $455,605.41
6 $26,514.83 $8,271.01 $447,334.40
7 $26,016.22 $8,769.62 $438,564.78
8 $25,487.55 $9,298.29 $429,266.49
9 $24,927.01 $9,858.83 $419,407.65
10 $24,332.67 $10,453.16 $408,954.49
11 $23,702.51 $11,083.33 $397,871.16
12 $23,034.36 $11,751.47 $386,119.69
13 $22,325.94 $12,459.90 $373,659.79
14 $21,574.80 $13,211.04 $360,448.75
15 $20,778.38 $14,007.46 $346,441.29
16 $19,933.96 $14,851.88 $331,589.41
17 $19,038.62 $15,747.22 $315,842.19
18 $18,089.31 $16,696.53 $299,145.67
19 $17,082.78 $17,703.06 $281,442.60
20 $16,015.56 $18,770.28 $262,672.32
21 $14,884.01 $19,901.83 $242,770.49
22 $13,684.24 $21,101.60 $221,668.90
23 $12,412.15 $22,373.69 $199,295.21
24 $11,063.37 $23,722.47 $175,572.74
25 $9,633.28 $25,152.56 $150,420.18
26 $8,116.98 $26,668.86 $123,751.32
27 $6,509.27 $28,276.57 $95,474.75
28 $4,804.64 $29,981.20 $65,493.54
29 $2,997.24 $31,788.60 $33,704.95
30 $1,080.89 $33,704.95 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Central Gardens Memphis, TN


1500 sqft3900 sqft
Ø selling price$463,294$985,552
Ø fast selling$421,176$886,997
Ø high price sale$505,411$1,084,107

In 2026, houses in Central Gardens Memphis, TN will be offered at an average price of $261 per square foot. A 1,500 sqft home priced at $463,294 is 22.49% more expensive per square foot than a 3,900 sqft home priced at $985,552. Home prices in Central Gardens Memphis, TN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $682,305. Sellers who can wait longer may achieve a higher price of up to $833,928.


Central Gardens, Memphis TN Neighborhood Guide

History & Architecture

Central Gardens in Midtown Memphis, TN, is a celebrated historic district known for its canopy of mature trees and stately streetscapes. Listed on the National Register of Historic Places, the neighborhood showcases early-20th-century architecture, including Craftsman, Colonial Revival, Tudor, and American Foursquare homes.
Its blocks roughly stretch from Peabody Avenue to York Avenue and from South McLean Boulevard to East Parkway, forming a walkable grid that invites leisurely strolls.

Lifestyle & Location

Residents enjoy quick access to Overton Park, the Memphis Zoo, and the dining and entertainment of Overton Square and Cooper-Young. Tree-lined sidewalks, pocket gardens, and porches foster a strong front-yard culture and neighborly connection.
Local institutions, churches, and nearby schools support year-round activities, while the annual Central Gardens Home and Garden Tour highlights the area?s preservation spirit. For commuters, Madison Avenue and Union Avenue offer straightforward routes to Downtown Memphis, the Medical District, and major employers.

Real Estate & Community

Central Gardens real estate ranges from grand mansions to charming bungalows, with period details like wide front porches, original millwork, and stained glass. Buyers value the neighborhood?s historic character, walkability, and consistent stewardship by the Central Gardens Association. Whether exploring Peabody?s boulevard ambiance or relaxing under century-old oaks, Central Gardens Memphis blends heritage, convenience, and community pride.



FAQ – Home Values in Central Gardens Memphis

What is the median home value in Central Gardens Memphis in 2026?

In 2026, the typical home value in Central Gardens Memphis is about $490,419 for an average home size of 1839 square feet. This corresponds to an average price of roughly $261 per square foot.

What is the average cost per square foot in Central Gardens Memphis?

In 2026, homes in Central Gardens Memphis sell for an average of around $261 per square foot, with a typical range between $247.95 and $274.05 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Central Gardens?

The average home size in Central Gardens Memphis is about 1839 square feet, with an estimated 2026 value around $490,419.



Neighborhoods close to Central Gardens Memphis, TN

Fountain City Knoxville, TN138 $ / ft²
Woodland Oak Ridge, TN141 $ / ft²
Rock Harbor New Tazewell, TN252 $ / ft²
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