House Prices

Medical District Memphis, TN House Prices & Home Values 2026


Average Data

average house price$494,932
average size per house1856 ft²
average price per ft²264 $ / ft²

04/16/2026 - The value range (VR) for house prices in Medical District Memphis, TN is $250.8/ sqft to $277.2/ sqft. An average home with 1856 sqft costs approximately $459,434 to $507,795. 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 $264. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Medical District Memphis

38104328 $ / ft²




Historical development of home values in Medical District Memphis

Year Estimated value (USD) Change vs. 2025
2010 $229,855 -53.6%
2011 $220,967 -55.4%
2012 $220,372 -55.5%
2013 $228,609 -53.8%
2014 $239,976 -51.5%
2015 $252,293 -49.0%
2016 $265,459 -46.4%
2017 $279,787 -43.5%
2018 $295,255 -40.3%
2019 $308,946 -37.6%
2020 $324,917 -34.4%
2021 $369,558 -25.3%
2022 $430,821 -13.0%
2023 $454,321 -8.2%
2024 $480,604 -2.9%
2025 $494,932 0.0%

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



Example: 100% financing house in Medical District Memphis

Loan amount: $494,932

Interest rate: 5.92%

Fixed monthly payment: $2,942.59

Breakdown in the 1st month:
Interest portion: $2,442.49  –  Principal portion: $500.10

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $29,144.27 $6,166.85 $488,765.15
2 $28,769.00 $6,542.12 $482,223.03
3 $28,370.88 $6,940.24 $475,282.79
4 $27,948.54 $7,362.58 $467,920.21
5 $27,500.50 $7,810.62 $460,109.59
6 $27,025.19 $8,285.93 $451,823.65
7 $26,520.95 $8,790.17 $443,033.49
8 $25,986.04 $9,325.08 $433,708.40
9 $25,418.57 $9,892.55 $423,815.85
10 $24,816.56 $10,494.56 $413,321.30
11 $24,177.93 $11,133.19 $402,188.10
12 $23,500.43 $11,810.69 $390,377.41
13 $22,781.70 $12,529.42 $377,847.99
14 $22,019.23 $13,291.89 $364,556.10
15 $21,210.36 $14,100.76 $350,455.34
16 $20,352.28 $14,958.85 $335,496.49
17 $19,441.97 $15,869.15 $319,627.34
18 $18,476.26 $16,834.86 $302,792.49
19 $17,451.79 $17,859.33 $284,933.16
20 $16,364.98 $18,946.14 $265,987.02
21 $15,212.03 $20,099.09 $245,887.93
22 $13,988.92 $21,322.20 $224,565.73
23 $12,691.37 $22,619.75 $201,945.98
24 $11,314.87 $23,996.25 $177,949.73
25 $9,854.60 $25,456.52 $152,493.21
26 $8,305.46 $27,005.66 $125,487.55
27 $6,662.06 $28,649.06 $96,838.49
28 $4,918.65 $30,392.47 $66,446.02
29 $3,069.14 $32,241.98 $34,204.04
30 $1,107.08 $34,204.04 $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 Medical District Memphis, TN


1500 sqft3900 sqft
Ø selling price$472,931$1,006,054
Ø fast selling$429,938$905,448
Ø high price sale$515,925$1,106,659

In 2026, houses in Medical District Memphis, TN will be offered at an average price of $264 per square foot. A 1,500 sqft home priced at $472,931 is 22.70% more expensive per square foot than a 3,900 sqft home priced at $1,006,054. Home prices in Medical District 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 $696,499. Sellers who can wait longer may achieve a higher price of up to $851,276.


Memphis Medical District Neighborhood Guide

Overview

The Medical District in Memphis, TN is a dynamic urban neighborhood anchored by world-class healthcare and research.
Located between Downtown and Midtown, it offers quick access to major employers, entertainment, and the Mississippi River. As the Memphis Medical District neighborhood evolves, ongoing revitalization blends history, innovation, and community.

Hospitals, Research, and Education

Anchored by Regional One Health, Methodist University Hospital, Le Bonheur Children?s Hospital, and the University of Tennessee Health Science Center, the district powers healthcare and training.
Research hubs, biotech startups, and clinical programs foster a culture of innovation and collaboration. The neighborhood?s proximity to The Edge District and Victorian Village adds character, arts, and historic architecture. Events, conferences, and community initiatives make networking easy for students, clinicians, and entrepreneurs.

Living, Dining, and Getting Around

Residents find modern apartments, renovated lofts, and townhomes within walking distance of coffee shops, restaurants, and fitness studios.
A walkable grid, bike lanes, and transit connections simplify commuting to hospitals, campuses, and nearby Downtown Memphis. Whether you?re seeking top-tier medical careers or an urban lifestyle with amenities, the Medical District Memphis blends convenience, culture, and opportunity.



FAQ – Home Values in Medical District Memphis

What is the median home value in Medical District Memphis in 2026?

In 2026, the typical home value in Medical District Memphis is about $494,932 for an average home size of 1856 square feet. This corresponds to an average price of roughly $264 per square foot.

What is the average cost per square foot in Medical District Memphis?

In 2026, homes in Medical District Memphis sell for an average of around $264 per square foot, with a typical range between $250.8 and $277.2 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Medical District?

The average home size in Medical District Memphis is about 1856 square feet, with an estimated 2026 value around $494,932.



Neighborhoods close to Medical District Memphis, TN

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