A+
1%
Med. Home Val. NAT. AVG.
11%
Rent NAT. AVG.
40%
Owner Occ. NAT. AVG.

Memphis Housing Information

IndexMemphisIndianaNational
Median home price$329,235$226,920$326,622
Median rent asked$1,605$1,145$1,444
Avg. people per household2.12.52.6
Owner occupied households89.2%68.7%63.6%
Renter occupied households10.8%31.3%36.4%
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Housing Quick Facts

  • The median home price in Memphis is 1% higher than the national average.
  • The median rent asked in Memphis is 11% higher than the national average.
  • The average number of people per household in Memphis is 21% lower than the national average.
  • The number of owner occupied households in Memphis is 40% higher than the national average.
  • The number of renter occupied households in Memphis is 70% lower than the national average.

Most Affordable Places to Live in and Around Memphis

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Compare Memphis, IN Housing

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      New Pekin, IN1,186$155,52552%
      Little York, IN275$174,76746%
      Scottsburg, IN6,866$181,38744%
      New Washington, IN583$207,90536%
      Borden, IN1,492$229,89730%
      Memphis, IN883$329,2351%

      Cities with similar population

       PopulationHome PriceNational Avg.
      North Topsail Beach, NC883$498,54153%
      Jupiter Island, FL882$3,558,871990%
      Valders, WI884$194,05541%
      Mount Jewett, PA884$114,49265%
      Heritage Creek, KY882$307,4246%
      Memphis, IN883$329,2351%
      Source: The Memphis, IN 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.