Home / Select Cities  /  2024 Comparing Memphis, TN vs. Lebanon, TN

2024 Compare Cities Housing:
Memphis, TN vs Lebanon, TN

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Highlights
- The median age of a home in Memphis is 50.0% older than the median age of a home in Lebanon.

Housing
 Memphis, TNLebanon, TNUnited States
 Median Home Age522642
 Median Home Cost$148,300$429,100$338,100
 Home Appr. Last 12 months15.5%25.0%16.6%
 Home Appr. Last 5 yrs.61.3%81.0%57.0%
 Home Appr. Last 10 yrs.97.4%142.5%101.1%
 Property Tax Rate$14.8$6.4$11.0
 Homes Owned40.2%53.8%57.4%
 Housing Vacant14.0%5.8%11.2%
 Homes Rented45.8%40.5%31.4%
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 Avg Rent For Home Or Apartment
 Memphis, TNLebanon, TNUnited States
 Average Rent$1,380$1,470$1,840
 Studio Apartment$820$1,030$1,080
 1 Bedroom Home or Apartment$920$1,050$1,180
 2 Bedroom Home or Apartment$1,060$1,200$1,430
 3 Bedroom Home or Apartment$1,400$1,490$1,860
 4 Bedroom Home or Apartment$1,620$1,840$2,160
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 Vacant Housing
 Memphis, TNLebanon, TNUnited States
 Vacant For Rent4.0%2.6%1.9%
 Vacant Rented0.9%0.0%0.4%
 Vacant For Sale0.4%0.6%0.7%
 Vacant Sold0.2%0.0%0.4%
 Vacant Vacation0.3%0.3%3.6%
 Vacant Other8.1%2.3%4.1%
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 Owner-Occupied Housing Value
 Memphis, TNLebanon, TNUnited States
 Less Than $20,0002.9%1.5%2.6%
 $20,000 to $39,9995.2%0.7%2.4%
 $40,000 to $59,99910.3%1.3%2.8%
 $60,000 to $79,99914.3%0.8%3.9%
 $80,000 to $99,99912.3%3.5%4.5%
 $100,000 to $149,99916.3%7.0%11.3%
 $150,000 to $199,99911.9%11.0%13.0%
 $200,000 to $299,99912.7%30.7%20.1%
 $300,000 to $399,9995.6%29.5%13.6%
 $400,000 to $499,9993.1%8.6%8.3%
 $500,000 to $749,9992.7%3.5%9.7%
 $750,000 to $999,9991.4%1.4%3.9%
 $1,000,000 to $1,499,9990.8%0.0%2.2%
 $1,500,000 to $1,999,9990.2%0.0%0.8%
 $2,000,000 and over0.3%0.5%1.1%
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 Housing Units By Year Built
 Memphis, TNLebanon, TNUnited States
 2015 and Newer0.1%0.4%0.2%
 2010 to 20146.3%17.9%13.6%
 2000 to 20096.3%17.9%13.6%
 1990 to 19999.5%13.5%13.6%
 1980 to 198912.2%8.2%13.2%
 1970 to 197917.9%10.9%14.8%
 1960 to 19699.5%13.5%13.6%
 1950 to 195920.0%8.5%10.0%
 1940 to 19498.8%2.4%4.7%
 1939 or Earlier7.7%2.6%12.2%

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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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Reviews for Lebanon    5 Reviews

I have lived here in Lebanon, TN for over 11 years and love it. Though it is now in a growing boom it is still a great place to be. Prices on homes seem to be fairly  More

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Take it for what it is worth but in my opinion Lebanon is perfect for me. I live outside the city limits, the school system may not be 5 stars but believe me it is not  More

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Over 15 years ago

Old Hickory Lake ~ quiet, laid back, nice  More

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ZIPS IN MEMPHIS, TENNESSEE
38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, 30 total
ZIPS IN LEBANON, TENNESSEE
37087 37090

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