Memphis, AL Housing Statistics

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F

100%

Med. Home Val. NAT. AVG.

100%

Rent NAT. AVG.

6%

Owner Occ. NAT. AVG.

Memphis Housing Information

Index	Memphis	Alabama	National
Median home price	$0	$235,536	$326,622
Median rent asked	$0	$1,109	$1,444
Avg. people per household	1.3	2.5	2.6
Owner occupied households	60.0%	68.5%	63.6%
Renter occupied households	40.0%	31.5%	36.4%

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Housing Quick Facts

The median home price in Memphis is 100% lower than the national average.
The median rent asked in Memphis is 100% lower than the national average.
The average number of people per household in Memphis is 49% lower than the national average.
The number of owner occupied households in Memphis is 6% lower than the national average.
The number of renter occupied households in Memphis is 10% higher than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Panola, AL	35	$0	100%
McMullen, AL	17	$0	100%
Macon, MS	3,181	$145,742	55%
Aliceville, AL	2,243	$163,196	50%
Pickensville, AL	1,015	$198,576	39%
Memphis, AL	10	$0	100%

Cities with similar population

	Population	Home Price	National Avg.
Pillsbury, ND	10	$0	100%
Lonetree, WY	10	$0	100%
Hepburn, IA	10	$17,995	94%
Pilgrim, MI	10	$0	100%
Irena, MO	10	$0	100%
Memphis, AL	10	$0	100%

Source: The Memphis, AL housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.