Memphis, FL Housing

The housing market in Memphis, FL is experiencing a significant increase in median value. The median value currently stands at $192,200 and has increased by 23.37% over the past year. This is significantly higher than the US house median value of $338,100 and far higher than the 8.27% appreciation rate seen across the country. This makes Memphis an attractive option for potential home buyers who are looking for good value property investment opportunities.

The median home cost in Memphis is $192,200. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Memphis is up 31.2%.

Average Age of Homes

- The median age of Memphis real estate is 35 years old

The Rental Market in Memphis

- Renters make up 23.1% of the Memphis population
- 1.5% of houses and apartments in Memphis, 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, Florida	United States
	4,057.0	139,647,020.0
	34	42
	$192,200	$338,100
	31.2%	16.6%
	93.0%	57.0%
	211.6%	101.1%
	$7.58	$10.98
	$1,384	$2,690
	61.2%	57.4%
	15.4%	11.2%
	23.4%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	9.3%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.8%	2.4%
	1.9%	2.8%
	6.2%	3.9%
	5.8%	4.5%
	16.6%	11.3%
	23.1%	13.0%
	33.0%	20.1%
	5.6%	13.6%
	1.2%	8.3%
	1.7%	9.7%
	0.5%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	22.9%	13.6%
	22.9%	13.6%
	14.3%	13.6%
	23.8%	13.2%
	13.8%	14.8%
	14.3%	13.6%
	4.6%	10.0%
	0.9%	4.7%
	0.5%	12.2%