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2025 Compare Cities Housing:
New Albany, IN vs Memphis, TN

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Highlights
- The median age of a home in New Albany is 13.3% older than the median age of a home in Memphis.
 New Albany, INMemphis, TNUnited States
 Median Home Age60  Unlock42
 Median Home Cost  Unlock$148,300$338,100
 Home Appr. Last 12 months15.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock61.3%57.0%
 Home Appr. Last 10 yrs.81.4%  Unlock101.1%
 Property Tax Rate  Unlock$14.8$11.0
 Homes Owned48.6%  Unlock57.4%
 Housing Vacant  Unlock14.0%11.2%
 Homes Rented36.1%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 New Albany, INMemphis, TNUnited States
 Average Rent  Unlock$1,380$1,840
 Studio Apartment$760  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$920$1,180
 2 Bedroom Home or Apartment$1,030  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,400$1,860
 4 Bedroom Home or Apartment$1,570  Unlock$2,160
 space1
 Vacant Housing
 New Albany, INMemphis, TNUnited States
 Vacant For Rent  Unlock4.0%1.9%
 Vacant Rented1.5%  Unlock0.4%
 Vacant For Sale  Unlock0.4%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock0.3%3.6%
 Vacant Other6.0%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 New Albany, INMemphis, TNUnited States
 Less Than $20,000  Unlock2.9%2.6%
 $20,000 to $39,9992.7%  Unlock2.4%
 $40,000 to $59,999  Unlock10.3%2.8%
 $60,000 to $79,9997.3%  Unlock3.9%
 $80,000 to $99,999  Unlock12.3%4.5%
 $100,000 to $149,99930.0%  Unlock11.3%
 $150,000 to $199,999  Unlock11.9%13.0%
 $200,000 to $299,99911.4%  Unlock20.1%
 $300,000 to $399,999  Unlock5.6%13.6%
 $400,000 to $499,9990.3%  Unlock8.3%
 $500,000 to $749,999  Unlock2.7%9.7%
 $750,000 to $999,9990.1%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.8%2.2%
 $1,500,000 to $1,999,9990.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.3%1.1%
 space3
 Housing Units By Year Built
 New Albany, INMemphis, TNUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock6.3%13.6%
 2000 to 20096.1%  Unlock13.6%
 1990 to 1999  Unlock9.5%13.6%
 1980 to 19898.7%  Unlock13.2%
 1970 to 1979  Unlock17.9%14.8%
 1960 to 19696.9%  Unlock13.6%
 1950 to 1959  Unlock20.0%10.0%
 1940 to 194910.9%  Unlock4.7%
 1939 or Earlier  Unlock7.7%12.2%
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Reviews for New Albany    2 Reviews
Janet · New Albany, IN
Small town America
Over 9 years ago

I've lived in New Albany Indiana nearly six years. This town is one of the friendliest I have ever lived in. People are almost always helpful and good. Life  More

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Hazel · Burke, VA
Old city
Over 18 years ago

Many 100+ year old homes, not much to do there, close to to the Ohio River, pretty bad for allergy suffers. Schools not good. Excise tax on auto is paid every year and  More

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Reviews for Memphis    148 Reviews
Jorge · Memphis, TN
I was mugged my first night in Memphis.
Over 4 years ago

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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Patricia · Memphis, TN
Beautiful City but crime and poor infrastructure
Over 4 years ago

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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David · Chattanooga, TN
A mess
Over 5 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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Learn More About New Albany, Indiana
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Learn More About Memphis, Tennessee
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