Above is a snapshot look at the real estate market in Memphis, TN. In Memphis, TN, the median house price is $93,700, making the price 36% lower than that the average for Tennessee. Therefore, the affordability of Memphis, TN area real estate is more affordable than the real estate in other areas of Tennessee. In addition, Memphis, TN has a median rent price of $842; this price is 8% higher than that the average rental price for Tennessee. 47.9% of residents in Memphis, TN are homeowners, and the average amount of people who reside in each home is 2.5. Memphis, TN has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Memphis, TN real estate for sale.