Housing in Memphis, Tennessee

Memphis, Tennessee is known as one of the most affordable places in the country but still offers plenty on the entertainment side too. From reasonably priced single-family homes and apartments - as well as local businesses offering special deals - sticking within your budget won't be hard here. Moreover, food and transportation expenses remain fairly low when compared with other US cities - making Memphis a great option if you're after value out of your dollar.

The median home cost in Memphis is $148,300. Home appreciation the last 10 years has been 103.4%. Home Appreciation in Memphis is up 15.1%.

Average Age of Homes

- The median age of Memphis real estate is 48 years old

The Rental Market in Memphis

- Renters make up 41.9% of the Memphis population
- 4.7% 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, Tennessee	United States
	299,913	137,428,986
	49	41
	$148,300	$338,100
	15.1%	8.3%
	66.7%	57.8%
	103.4%	108.7%
	$16.58	$11.36
	$1,502	$2,724
	39.1%	56.2%
	16.1%	12.1%
	44.8%	31.6%
VACANT HOUSING
	4.7%	2.0%
	0.9%	0.4%
	0.6%	0.9%
	0.4%	0.5%
	0.4%	4.0%
	9.0%	4.3%
VALUE OF OWNER-OCCUPIED HOUSING
	3.0%	2.7%
	6.2%	2.7%
	11.6%	3.4%
	14.8%	4.7%
	13.7%	5.5%
	17.4%	13.3%
	12.4%	14.0%
	9.9%	19.6%
	4.4%	12.2%
	2.4%	7.1%
	2.4%	8.2%
	0.9%	3.2%
	0.6%	1.8%
	0.2%	0.7%
	0.2%	0.9%
HOUSING UNITS BY YEAR STRUCTURE BUILT
	1.0%	2.5%
	1.0%	2.7%
	7.0%	14.0%
	10.0%	13.9%
	12.4%	13.4%
	18.2%	15.2%
	10.0%	13.9%
	19.1%	10.3%
	8.7%	4.9%
	7.7%	12.6%

HOUSING MAP

Average Rent (3br)

Percent Home Appreciation (5yr)

Property Tax (%)

Median Home Cost

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Reviews for Memphis 148 Reviews

I was mugged my first night in Memphis. - 9/6/2021
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.... Read More

Jorge | Memphis, TN | Reply | No Replies

Start Your Review of Memphis

Beautiful City but crime and poor infrastructure - 5/24/2021
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... Read More

Patricia | Memphis, TN | Reply | No Replies

A mess - 12/18/2020
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... Read More

David | Chattanooga, TN | Reply | 2 Replies

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ZIP CODES IN MEMPHIS, TENNESSEE

38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, ... 30 more

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United States / Tennessee / Memphis Metro Area / Shelby County / Memphis / Zip Codes