Housing in Memphis, NE is quite affordable compared to the US median housing value, as it stands at $140,100 compared to the US median of $338,100. The appreciation rate for housing in Memphis has also been higher than the national average over the past year, with a 9.63% rise compared to 8.27% across the United States. This means that buying a house in Memphis can be a great investment for those looking for an affordable option with good potential for growth.
The median home cost in Memphis is $140,100. Home appreciation the last 10 years has been 83.7%. Home Appreciation in Memphis is up 16.0%.
Average Age of Homes
- The median age of Memphis real estate is 45 years old
The Rental Market in Memphis
- Renters make up 11.4% 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.