Memphis Housing Information - Census

Median home price$93,700$146,000$184,700
Median rent asked$842$782$949
Avg. people per household2.52.52.6
Owner occupied households47.9%66.3%63.6%
Renter occupied households52.1%33.7%36.4%

Memphis Housing Information - Zillow

Zillow home value index$83,289$155,999$213,146
Year over year appreciation rate10.94%8.92%8.00%
5 year average appreciation rate8.40%6.86%6.57%
10 year average appreciation rate0.75%2.41%1.33%

Did you know?

  • The median home price in Memphis is 49% lower than the national average.
  • The median rent asked in Memphis is 11% lower than the national average.
  • The average number of people per household in Memphis is 3% lower than the national average.
  • The number of owner occupied households in Memphis is 25% lower than the national average.
  • The number of renter occupied households in Memphis is 43% 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, 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 Memphis, TN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.