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.