Home / Select Cities  /  2024 Comparing Detroit, MI vs. Memphis, TN

2024 Compare Cities Housing:
Detroit, MI vs Memphis, TN

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Highlights
- The median age of a home in Detroit is 29.7% older than the median age of a home in Memphis.

Housing
 Detroit, MIMemphis, TNUnited States
 Median Home Age745242
 Median Home Cost$71,600$148,300$338,100
 Home Appr. Last 12 months9.7%15.5%16.6%
 Home Appr. Last 5 yrs.52.6%61.3%57.0%
 Home Appr. Last 10 yrs.130.9%97.4%101.1%
 Property Tax Rate$23.3$14.8$11.0
 Homes Owned36.9%40.2%57.4%
 Housing Vacant23.7%14.0%11.2%
 Homes Rented39.4%45.8%31.4%
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 Avg Rent For Home Or Apartment
 Detroit, MIMemphis, TNUnited States
 Average Rent$1,320$1,380$1,840
 Studio Apartment$750$820$1,080
 1 Bedroom Home or Apartment$850$920$1,180
 2 Bedroom Home or Apartment$1,080$1,060$1,430
 3 Bedroom Home or Apartment$1,340$1,400$1,860
 4 Bedroom Home or Apartment$1,450$1,620$2,160
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 Vacant Housing
 Detroit, MIMemphis, TNUnited States
 Vacant For Rent1.5%4.0%1.9%
 Vacant Rented0.2%0.9%0.4%
 Vacant For Sale1.7%0.4%0.7%
 Vacant Sold1.3%0.2%0.4%
 Vacant Vacation0.3%0.3%3.6%
 Vacant Other18.6%8.1%4.1%
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 Owner-Occupied Housing Value
 Detroit, MIMemphis, TNUnited States
 Less Than $20,00013.9%2.9%2.6%
 $20,000 to $39,99919.5%5.2%2.4%
 $40,000 to $59,99918.7%10.3%2.8%
 $60,000 to $79,99913.7%14.3%3.9%
 $80,000 to $99,9998.7%12.3%4.5%
 $100,000 to $149,9999.0%16.3%11.3%
 $150,000 to $199,9996.2%11.9%13.0%
 $200,000 to $299,9995.5%12.7%20.1%
 $300,000 to $399,9992.4%5.6%13.6%
 $400,000 to $499,9990.9%3.1%8.3%
 $500,000 to $749,9990.9%2.7%9.7%
 $750,000 to $999,9990.3%1.4%3.9%
 $1,000,000 to $1,499,9990.2%0.8%2.2%
 $1,500,000 to $1,999,9990.1%0.2%0.8%
 $2,000,000 and over0.1%0.3%1.1%
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 Housing Units By Year Built
 Detroit, MIMemphis, TNUnited States
 2015 and Newer0.0%0.1%0.2%
 2010 to 20142.9%6.3%13.6%
 2000 to 20092.9%6.3%13.6%
 1990 to 19992.5%9.5%13.6%
 1980 to 19893.0%12.2%13.2%
 1970 to 19794.8%17.9%14.8%
 1960 to 19692.5%9.5%13.6%
 1950 to 195923.0%20.0%10.0%
 1940 to 194921.4%8.8%4.7%
 1939 or Earlier33.9%7.7%12.2%

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Reviews for Detroit    116 Reviews

Over 1 years ago

Have lived in the area for over a year (suburb of Grosse Pointe), but I work in downtown Detroit. I'm amazed at how cool this city is. So much to do and see, tat we  More

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Spent some time in the city but lived in multiple suburban areas in the metro area. I lived in Farmington Hills, Novi, Birmingham, and Rochester. Really, all were great.  More

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Cold, unfriendly, envious people within the city limits. The unfriendliness can turn into aggression and sometimes even bullying. Crabs in a barrel reside here and the  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 DETROIT, MICHIGAN
48228, 48219, 48235, 48224, 48227, 48221, 48205, 48234, 48209, 48210, 28 total
ZIPS IN MEMPHIS, TENNESSEE
38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, 30 total

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