Memphis, TN-MS-AR ranks #10 of 10 Tennessee metros on five-year change in the metropolitan house price index

the Memphis market · Data as of · ALEX Intelligence

33.1% five-year change in the metropolitan house price index (2026 Q2) — Memphis, TN-MS-AR
#MetroFive-year change
1Knoxville, TN63.5%
2Johnson City, TN63.4%
3Kingsport-Bristol, TN-VA60.3%
4Morristown, TN59.2%
5Jackson, TN56.4%
6Cleveland, TN55.1%
7Chattanooga, TN-GA51.5%
8Clarksville, TN-KY49.4%
9Nashville-Davidson--Murfreesboro--Franklin, TN45.8%
10Memphis, TN-MS-AR33.1%

Read this carefully: FHFA All-Transactions Index, purchase and refinance appraisals. Source: FHFA. This product uses FHFA data but is neither endorsed nor certified by FHFA.

Methodology

Source:
Federal Housing Finance Agency, All-Transactions House Price Index by Metropolitan Statistical Area, 2026 Q2
Measure
Five-year change, ranked highest first across 10 Tennessee metros (10 ranked in total).
How the headline figure is computed
Within Tennessee: #10 of 10 Tennessee metros. Every rank on this page is computed from the same table named under Source, filtered to the peer set named; units the source reports no value for are left out of every set. No rank is stated against any wider set. This metro spans more than one state; it is ranked among the metros of Tennessee, the state of its principal city.
Universe
Ranked only within the peer sets named on this page: Tennessee (10 ranked). Metros with fewer than 100,000 residents are excluded from every set. Units the source reports no value for are left out.
Vintage
2026
Reproduce this query
https://www.fhfa.gov/hpi/download/quarterly_datasets/hpi_at_metro.csv

Every figure on this page is computed directly from the dataset named above by ALEX Intelligence. No figure on this page was written by hand or by a language model. The query is stated so that anyone can re-run it and obtain the same table.

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