Memphis Metro Area, TN Housing

The housing market in the Memphis, TN Metro Area is booming. The median value of houses in this area is significantly lower than the national median at $217,200 compared to $338,100. On top of that, the appreciation rate of homes in this region has been steadily increasing at a rate of 15.22%, far more than the national rate of 8.27%. This is great news for those looking to buy a home in this area as their investment will likely grow quickly over time.

The median home cost in Memphis Metro Area is $217,200. Home appreciation the last 10 years has been 92.2%. Home Appreciation in Memphis Metro Area is up 17.1%.

Average Age of Homes

- The median age of Memphis Metro Area real estate is 37 years old

The Rental Market in Memphis Metro Area

- Renters make up 33.2% of the Memphis Metro Area population
- 3.0% of houses and apartments in Memphis Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Memphis, Tennessee	United States
	565,117.0	139,647,020.0
	40	42
	$217,200	$338,100
	17.1%	16.6%
	60.0%	57.0%
	92.2%	101.1%
	$10.75	$10.98
	$1,704	$2,690
	54.2%	57.4%
	10.7%	11.2%
	35.1%	31.4%
Vacant Housing
	3.0%	1.9%
	0.6%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	0.6%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	3.1%	2.4%
	5.4%	2.8%
	7.9%	3.9%
	7.6%	4.5%
	15.7%	11.3%
	15.7%	13.0%
	21.3%	20.1%
	10.3%	13.6%
	4.5%	8.3%
	3.8%	9.7%
	1.3%	3.9%
	0.6%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	14.8%	13.6%
	14.8%	13.6%
	16.7%	13.6%
	13.5%	13.2%
	15.9%	14.8%
	16.7%	13.6%
	12.0%	10.0%
	5.3%	4.7%
	4.9%	12.2%

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Giddings · Oakland, TN

Memphis Metro Area Improving a little

Over 6 years ago

I researched the Memphis metro area before moving here, and after living here for 5+ years, it is a decent place to live. The core city offers almost everything you'd More

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