Home / Select Cities  /  2024 Comparing Memphis, TN vs. Madison, NJ

2024 Compare Cities Housing:
Memphis, TN vs Madison, NJ

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Highlights
- The median age of a home in Memphis is 23.1% younger than the median age of a home in Madison.

Housing
 Memphis, TNMadison, NJUnited States
 Median Home Age526442
 Median Home Cost$148,300$834,400$338,100
 Home Appr. Last 12 months15.5%12.1%16.6%
 Home Appr. Last 5 yrs.61.3%29.3%57.0%
 Home Appr. Last 10 yrs.97.4%44.3%101.1%
 Property Tax Rate$14.8$22.0$11.0
 Homes Owned40.2%61.4%57.4%
 Housing Vacant14.0%4.2%11.2%
 Homes Rented45.8%34.4%31.4%
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 Avg Rent For Home Or Apartment
 Memphis, TNMadison, NJUnited States
 Average Rent$1,380$2,700$1,840
 Studio Apartment$820$1,520$1,080
 1 Bedroom Home or Apartment$920$1,800$1,180
 2 Bedroom Home or Apartment$1,060$2,160$1,430
 3 Bedroom Home or Apartment$1,400$2,740$1,860
 4 Bedroom Home or Apartment$1,620$3,220$2,160
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 Vacant Housing
 Memphis, TNMadison, NJUnited States
 Vacant For Rent4.0%0.4%1.9%
 Vacant Rented0.9%0.1%0.4%
 Vacant For Sale0.4%1.3%0.7%
 Vacant Sold0.2%0.0%0.4%
 Vacant Vacation0.3%0.0%3.6%
 Vacant Other8.1%2.3%4.1%
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 Owner-Occupied Housing Value
 Memphis, TNMadison, NJUnited States
 Less Than $20,0002.9%0.4%2.6%
 $20,000 to $39,9995.2%0.0%2.4%
 $40,000 to $59,99910.3%1.1%2.8%
 $60,000 to $79,99914.3%0.6%3.9%
 $80,000 to $99,99912.3%0.0%4.5%
 $100,000 to $149,99916.3%0.0%11.3%
 $150,000 to $199,99911.9%0.0%13.0%
 $200,000 to $299,99912.7%0.9%20.1%
 $300,000 to $399,9995.6%5.8%13.6%
 $400,000 to $499,9993.1%5.0%8.3%
 $500,000 to $749,9992.7%36.3%9.7%
 $750,000 to $999,9991.4%23.3%3.9%
 $1,000,000 to $1,499,9990.8%16.3%2.2%
 $1,500,000 to $1,999,9990.2%8.0%0.8%
 $2,000,000 and over0.3%2.3%1.1%
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 Housing Units By Year Built
 Memphis, TNMadison, NJUnited States
 2015 and Newer0.1%0.0%0.2%
 2010 to 20146.3%4.1%13.6%
 2000 to 20096.3%4.1%13.6%
 1990 to 19999.5%6.7%13.6%
 1980 to 198912.2%7.5%13.2%
 1970 to 197917.9%3.7%14.8%
 1960 to 19699.5%6.7%13.6%
 1950 to 195920.0%21.1%10.0%
 1940 to 19498.8%7.9%4.7%
 1939 or Earlier7.7%26.8%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 Madison    3 Reviews

I grew up in Madison, and while I seriously appreciate what growing up in the town had to offer, it was a town that I grew out of pretty fast. Madison is small, with  More

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Over 11 years ago

Madison is  More

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Over 14 years ago

The Borough of Madison is located in Morris County. It is 23 miles by car, west of New York City and sits on the Mid-Town Direct rail line. Madison is well know for its  More

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ZIPS IN MEMPHIS, TENNESSEE
38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, 30 total
ZIPS IN MADISON, NEW JERSEY
07940

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