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Downtown Real Estate Market Facts

  • $56,744Median home price
    61% lower than Memphis
  • $715Median rent asked
    9% lower than Memphis
  • 29.4%Home owners
    56% lower than Memphis
  • 2.4People per home
    5% lower than Memphis

Downtown Home Affordability

  • $56,744Median home price
    61% lower than Memphis
  • $25,786Median home income
    45% lower than Memphis
  • 2.2xHome price to income ratio
    30% lower than Memphis

Downtown Affordability Calculator

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You can afford a home up to:
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  • Monthly payment
  • Debt payment
  • Income taxes
  • Remainder

Downtown Mortgage Calculator

Your monthly payment will be:
Monthly payment breakdown
  • Monthly payment
  • Mortgage
  • PMI fees
  • Property tax
  • Home insurance
  • HOA dues

Downtown Demographics

  • 48,441Population
  • 2,451People / sq mile
  • 37.0Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Jericho, AR96$0100%
Sunset, AR168$26,70086%
Edmondson, AR266$72,10061%
West Memphis, AR25,411$82,00056%
Horn Lake, MS26,785$95,60048%
Memphis, TN655,857$93,70049%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Boston, MA658,279$423,200129%
Washington, DC659,009$506,100174%
Denver, CO663,303$292,70058%
Nashville, TN643,771$174,6005%
Seattle, WA668,849$484,600162%
Memphis, TN655,857$93,70049%
Source: The Downtown, Memphis, TN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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