Memphis Housing Information - Census

IndexMemphisTennesseeNational
Median home price$95,400$139,900$175,700
Median rent asked$831$757$920
Avg. people per household2.62.52.6
Owner occupied households49.9%67.1%64.4%
Renter occupied households50.1%32.9%35.6%

Memphis Housing Information - Zillow

IndexMemphisTennesseeNational
Zillow home value index$76,200$135,200$188,100
Year over year appreciation rate11.08%5.79%5.14%
5 year average appreciation rate3.23%2.88%4.12%
10 year average appreciation rate-1.38%1.51%-0.33%

Did you know?

  • The median home price in Memphis is 46% lower than the national average.
  • The median rent asked in Memphis is 10% lower than the national average.
  • The average number of people per household in Memphis is 1% lower than the national average.
  • The number of owner occupied households in Memphis is 22% lower than the national average.
  • The number of renter occupied households in Memphis is 41% higher than the national average.

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Compare Memphis, TN Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Jericho, AR60$27,50084%
Sunset, AR221$44,60075%
Edmondson, AR307$68,30061%
West Memphis, AR25,767$85,10052%
Horn Lake, MS26,486$94,90046%
Memphis, TN656,715$95,40046%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
El Paso, TX669,771$117,80033%
Boston, MA639,594$379,500116%
Seattle, WA637,850$437,400149%
Denver, CO633,777$257,50047%
Washington, DC633,736$454,500159%
Memphis, TN656,715$95,40046%
Source: The Memphis, TN housing data displayed above is derived from the United States Census Bureau and Zillow data.