The housing market in Memphis, IN is strong and has been appreciating at a higher rate than the US median. The median value of homes in Memphis, IN is currently $264,400, which is significantly lower than the US median of $338,100. In the last year alone, the house appreciation rate in Memphis, IN was 13.41%, which is higher than the national average of 8.27%. This indicates that home values in Memphis have been steadily increasing over time and that it is a great place to invest in real estate.
The median home cost in Memphis is $264,400. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Memphis is up 15.2%.
Average Age of Homes
- The median age of Memphis real estate is 16 years old
The Rental Market in Memphis
- Renters make up 19.7% of the Memphis population
- 0.0% 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.