House Prices

Madison Heights Memphis, TN House Prices & Home Values 2026


Average Data

average house price$538,558
average size per house2019 ft²
average price per ft²287 $ / ft²

04/16/2026 - The value range (VR) for house prices in Madison Heights Memphis, TN is $272.65/ sqft to $301.35/ sqft. An average home with 2019 sqft costs approximately $591,216 to $653,450. 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 $287. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Madison Heights Memphis

38104357 $ / ft²




Historical development of home values in Madison Heights Memphis

Year Estimated value (USD) Change vs. 2025
2010 $250,116 -53.6%
2011 $240,444 -55.4%
2012 $239,797 -55.5%
2013 $248,760 -53.8%
2014 $261,129 -51.5%
2015 $274,531 -49.0%
2016 $288,858 -46.4%
2017 $304,449 -43.5%
2018 $321,281 -40.3%
2019 $336,178 -37.6%
2020 $353,557 -34.4%
2021 $402,132 -25.3%
2022 $468,796 -13.0%
2023 $494,367 -8.2%
2024 $522,967 -2.9%
2025 $538,558 0.0%

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



Example: 100% financing house in Madison Heights Memphis

Loan amount: $538,558

Interest rate: 6.44%

Fixed monthly payment: $3,384.24

Breakdown in the 1st month:
Interest portion: $2,892.06  –  Principal portion: $492.19

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $34,527.08 $6,083.84 $532,474.16
2 $34,123.24 $6,487.67 $525,986.49
3 $33,692.61 $6,918.31 $519,068.18
4 $33,233.39 $7,377.53 $511,690.66
5 $32,743.68 $7,867.23 $503,823.42
6 $32,221.47 $8,389.44 $495,433.98
7 $31,664.60 $8,946.31 $486,487.67
8 $31,070.77 $9,540.15 $476,947.52
9 $30,437.51 $10,173.40 $466,774.12
10 $29,762.23 $10,848.69 $455,925.43
11 $29,042.11 $11,568.80 $444,356.63
12 $28,274.20 $12,336.71 $432,019.92
13 $27,455.32 $13,155.59 $418,864.33
14 $26,582.08 $14,028.83 $404,835.49
15 $25,650.88 $14,960.03 $389,875.46
16 $24,657.87 $15,953.05 $373,922.41
17 $23,598.94 $17,011.97 $356,910.44
18 $22,469.73 $18,141.19 $338,769.25
19 $21,265.55 $19,345.36 $319,423.89
20 $19,981.45 $20,629.46 $298,794.43
21 $18,612.12 $21,998.80 $276,795.63
22 $17,151.89 $23,459.03 $253,336.60
23 $15,594.73 $25,016.18 $228,320.42
24 $13,934.21 $26,676.70 $201,643.72
25 $12,163.47 $28,447.44 $173,196.28
26 $10,275.20 $30,335.72 $142,860.56
27 $8,261.58 $32,349.33 $110,511.23
28 $6,114.31 $34,496.61 $76,014.62
29 $3,824.50 $36,786.41 $39,228.21
30 $1,382.70 $39,228.21 $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 Madison Heights Memphis, TN


1500 sqft3900 sqft
Ø selling price$559,452$1,190,107
Ø fast selling$508,593$1,071,097
Ø high price sale$610,312$1,309,118

In 2026, houses in Madison Heights Memphis, TN will be offered at an average price of $287 per square foot. A 1,500 sqft home priced at $559,452 is 24.70% more expensive per square foot than a 3,900 sqft home priced at $1,190,107. Home prices in Madison Heights 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 $823,921. Sellers who can wait longer may achieve a higher price of up to $1,007,014.


Explore Madison Heights, Memphis, TN

Location and Lifestyle

Madison Heights in Memphis, TN is a vibrant Midtown Memphis enclave known for its central location along Madison Avenue near the Medical District. The neighborhood blends historic buildings with contemporary apartments and sidewalks that encourage walkability.
Residents appreciate quick access to Downtown, Overton Square, and Crosstown arts destinations via major corridors like Madison, Union, and Cleveland.

Food, Culture, and Things to Do

Madison Heights boasts a diverse dining scene, including locally owned cafes, global eateries, and late-night restaurants that reflect Memphis?s multicultural flavor. Independent retailers, studios, and neighborhood markets give the area a creative, everyday-convenience vibe for locals and visitors.
Live music venues and nearby galleries channel the city?s soul, making evenings lively without losing a community feel. Parks and pocket green spaces are close by, offering spots to unwind between work in the nearby hospitals, universities, and offices.

Housing and Connectivity

Real estate in Madison Heights ranges from renovated bungalows and historic multiplexes to modern mid-rise rentals, appealing to students, healthcare workers, and young professionals. Transit-friendly streets, bike lanes in the Midtown core, and MATA bus routes help residents connect to jobs, classes, and entertainment across Memphis.
Whether you?re searching for walkable urban living, authentic food, or quick commutes, Madison Heights Memphis delivers a dynamic neighborhood experience.



FAQ – Home Values in Madison Heights Memphis

What is the median home value in Madison Heights Memphis in 2026?

In 2026, the typical home value in Madison Heights Memphis is about $538,558 for an average home size of 2019 square feet. This corresponds to an average price of roughly $287 per square foot.

What is the average cost per square foot in Madison Heights Memphis?

In 2026, homes in Madison Heights Memphis sell for an average of around $287 per square foot, with a typical range between $272.65 and $301.35 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Madison Heights?

The average home size in Madison Heights Memphis is about 2019 square feet, with an estimated 2026 value around $538,558.



Neighborhoods close to Madison Heights Memphis, TN

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