A+
42%
Med. Home Val. NAT. AVG.
4%
Rent NAT. AVG.
27%
Owner Occ. NAT. AVG.
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Memphis Housing Information

IndexMemphisTennesseeNational
Median home price$107,100$146,000$184,700
Median rent asked$915$782$949
Avg. people per household2.52.52.6
Owner occupied households46.2%66.3%63.6%
Renter occupied households53.8%33.7%36.4%
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Housing Quick Facts

  • The median home price in Memphis is 42% lower than the national average.
  • The median rent asked in Memphis is 4% lower than the national average.
  • The average number of people per household in Memphis is 5% lower than the national average.
  • The number of owner occupied households in Memphis is 27% lower than the national average.
  • The number of renter occupied households in Memphis is 48% higher than the national average.

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Edmondson, AR400$0100%
      Sunset, AR229$53,80071%
      West Memphis, AR24,656$86,10053%
      Walls, MS1,415$107,10042%
      Horn Lake, MS27,234$114,30038%
      Memphis, TN650,910$107,10042%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Portland, OR650,380$438,500137%
      Oklahoma City, OK649,821$161,80012%
      Las Vegas, NV644,594$279,70051%
      Nashville, TN667,070$264,60043%
      Detroit, MI672,351$52,70071%
      Memphis, TN650,910$107,10042%
      Source: The Memphis, TN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).