House Prices

Lenox Memphis, TN House Prices & Home Values 2026


Average Data

average house price$510,978
average size per house1916 ft²
average price per ft²272 $ / ft²

04/16/2026 - The value range (VR) for house prices in Lenox Memphis, TN is $258.4/ sqft to $285.6/ sqft. An average home with 1916 sqft costs approximately $504,502 to $557,607. 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 $272. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Lenox Memphis

38104339 $ / ft²




Historical development of home values in Lenox Memphis

Year Estimated value (USD) Change vs. 2025
2010 $237,307 -53.6%
2011 $228,131 -55.4%
2012 $227,516 -55.5%
2013 $236,020 -53.8%
2014 $247,756 -51.5%
2015 $260,472 -49.0%
2016 $274,065 -46.4%
2017 $288,858 -43.5%
2018 $304,828 -40.3%
2019 $318,962 -37.6%
2020 $335,451 -34.4%
2021 $381,539 -25.3%
2022 $444,789 -13.0%
2023 $469,050 -8.2%
2024 $496,186 -2.9%
2025 $510,978 0.0%

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



Example: 100% financing house in Lenox Memphis

Loan amount: $510,978

Interest rate: 6.11%

Fixed monthly payment: $3,101.12

Breakdown in the 1st month:
Interest portion: $2,603.43  –  Principal portion: $497.69

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $31,070.96 $6,142.51 $504,835.49
2 $30,684.70 $6,528.76 $498,306.73
3 $30,274.16 $6,939.31 $491,367.42
4 $29,837.80 $7,375.67 $483,991.75
5 $29,373.99 $7,839.48 $476,152.27
6 $28,881.03 $8,332.44 $467,819.83
7 $28,357.06 $8,856.41 $458,963.42
8 $27,800.14 $9,413.32 $449,550.10
9 $27,208.21 $10,005.26 $439,544.84
10 $26,579.05 $10,634.42 $428,910.42
11 $25,910.33 $11,303.14 $417,607.28
12 $25,199.56 $12,013.91 $405,593.37
13 $24,444.09 $12,769.38 $392,823.99
14 $23,641.12 $13,572.35 $379,251.64
15 $22,787.65 $14,425.82 $364,825.82
16 $21,880.51 $15,332.95 $349,492.86
17 $20,916.34 $16,297.13 $333,195.73
18 $19,891.53 $17,321.94 $315,873.79
19 $18,802.28 $18,411.19 $297,462.60
20 $17,644.53 $19,568.94 $277,893.66
21 $16,413.98 $20,799.49 $257,094.18
22 $15,106.05 $22,107.41 $234,986.76
23 $13,715.88 $23,497.59 $211,489.18
24 $12,238.29 $24,975.18 $186,513.99
25 $10,667.78 $26,545.69 $159,968.31
26 $8,998.51 $28,214.95 $131,753.35
27 $7,224.28 $29,989.19 $101,764.17
28 $5,338.48 $31,874.99 $69,889.18
29 $3,334.09 $33,879.37 $36,009.80
30 $1,203.67 $36,009.80 $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 Lenox Memphis, TN


1500 sqft3900 sqft
Ø selling price$503,060$1,070,146
Ø fast selling$457,328$963,132
Ø high price sale$548,793$1,177,161

In 2026, houses in Lenox Memphis, TN will be offered at an average price of $272 per square foot. A 1,500 sqft home priced at $503,060 is 23.44% more expensive per square foot than a 3,900 sqft home priced at $1,070,146. Home prices in Lenox 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 $740,871. Sellers who can wait longer may achieve a higher price of up to $905,508.


Lenox, Memphis TN Neighborhood Guide

Overview

The Lenox neighborhood in Memphis, TN offers a welcoming residential vibe with tree-lined streets and a convenient central location.

Location & Access

Homebuyers appreciate its proximity to key Memphis employment centers and cultural hubs, with quick connections to major thoroughfares and transit options.

Residents enjoy easy drives to Midtown, Downtown, and East Memphis, making daily commutes and weekend outings simple.

Housing & Real Estate

Lenox real estate features a mix of classic bungalows, cozy cottages, and updated ranch-style homes, appealing to first-time buyers and downsizers alike.
Well-kept lots and renovation opportunities create strong value, while the neighborhood?s character and curb appeal support long-term investment potential.

Lifestyle & Amenities

Nearby shopping, Memphis barbecue spots, coffee shops, and services provide everyday convenience without sacrificing residential tranquility.

Parks, green spaces, and fitness options are within reach, and pet-friendly streets make evening walks a neighborhood staple.

Schools & Community

Families will find access to public and private school options in the area, and an active community spirit shows up in local gatherings and neighborly connections.

Outdoors & Recreation

From weekend farmers markets to museums, live music, and sports across Memphis, Lenox places you close to the city?s signature recreation and entertainment.

Why Choose Lenox

If you?re seeking a centrally located Memphis address with charm, convenience, and steady housing market appeal, Lenox is a compelling choice.



FAQ – Home Values in Lenox Memphis

What is the median home value in Lenox Memphis in 2026?

In 2026, the typical home value in Lenox Memphis is about $510,978 for an average home size of 1916 square feet. This corresponds to an average price of roughly $272 per square foot.

What is the average cost per square foot in Lenox Memphis?

In 2026, homes in Lenox Memphis sell for an average of around $272 per square foot, with a typical range between $258.4 and $285.6 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lenox?

The average home size in Lenox Memphis is about 1916 square feet, with an estimated 2026 value around $510,978.



Neighborhoods close to Lenox Memphis, TN

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