Home / Select Cities  /  2024 Comparing Key West, FL vs. Memphis, TN

2024 Compare Cities Housing:
Key West, FL vs Memphis, TN

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Highlights
- The median age of a home in Key West is 3.7% older than the median age of a home in Memphis.

Housing
 Key West, FLMemphis, TNUnited States
 Median Home Age545242
 Median Home Cost$1,015,000$148,300$338,100
 Home Appr. Last 12 months26.6%15.5%16.6%
 Home Appr. Last 5 yrs.78.0%61.3%57.0%
 Home Appr. Last 10 yrs.189.0%97.4%101.1%
 Property Tax Rate$5.0$14.8$11.0
 Homes Owned35.3%40.2%57.4%
 Housing Vacant23.0%14.0%11.2%
 Homes Rented41.7%45.8%31.4%
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 Avg Rent For Home Or Apartment
 Key West, FLMemphis, TNUnited States
 Average Rent$4,830$1,380$1,840
 Studio Apartment$2,860$820$1,080
 1 Bedroom Home or Apartment$3,050$920$1,180
 2 Bedroom Home or Apartment$3,860$1,060$1,430
 3 Bedroom Home or Apartment$4,900$1,400$1,860
 4 Bedroom Home or Apartment$6,550$1,620$2,160
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 Vacant Housing
 Key West, FLMemphis, TNUnited States
 Vacant For Rent7.6%4.0%1.9%
 Vacant Rented0.1%0.9%0.4%
 Vacant For Sale1.0%0.4%0.7%
 Vacant Sold0.0%0.2%0.4%
 Vacant Vacation10.1%0.3%3.6%
 Vacant Other4.2%8.1%4.1%
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 Owner-Occupied Housing Value
 Key West, FLMemphis, TNUnited States
 Less Than $20,0000.6%2.9%2.6%
 $20,000 to $39,9990.4%5.2%2.4%
 $40,000 to $59,9990.8%10.3%2.8%
 $60,000 to $79,9990.3%14.3%3.9%
 $80,000 to $99,9990.2%12.3%4.5%
 $100,000 to $149,9990.2%16.3%11.3%
 $150,000 to $199,9990.7%11.9%13.0%
 $200,000 to $299,9993.5%12.7%20.1%
 $300,000 to $399,9997.4%5.6%13.6%
 $400,000 to $499,9999.7%3.1%8.3%
 $500,000 to $749,99928.7%2.7%9.7%
 $750,000 to $999,99928.3%1.4%3.9%
 $1,000,000 to $1,499,9998.8%0.8%2.2%
 $1,500,000 to $1,999,9995.9%0.2%0.8%
 $2,000,000 and over4.5%0.3%1.1%
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 Housing Units By Year Built
 Key West, FLMemphis, TNUnited States
 2015 and Newer0.0%0.1%0.2%
 2010 to 20146.6%6.3%13.6%
 2000 to 20096.6%6.3%13.6%
 1990 to 199911.0%9.5%13.6%
 1980 to 198915.6%12.2%13.2%
 1970 to 19799.8%17.9%14.8%
 1960 to 196911.0%9.5%13.6%
 1950 to 195911.5%20.0%10.0%
 1940 to 19495.0%8.8%4.7%
 1939 or Earlier22.5%7.7%12.2%

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Reviews for Key West    7 Reviews

I was raised in Key West since 1980, these average cost prices for rent that you are seeing were not even accurate then, let alone now in 2021. The average cost of  More

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Over 8 years ago

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I have lived in Key West for the last seven years. During that time, I have observed very little change in the cost of living. I work for a national company that pays  More

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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 4 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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ZIPS IN KEY WEST, FLORIDA
33040
ZIPS IN MEMPHIS, TENNESSEE
38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, 30 total

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