Zip 47143 (Memphis, IN) Housing

The housing market in Memphis, IN (47143) is a great option for those looking to buy a home. The median value in the area is $273,000, which is significantly lower than the US median of $338,100. Additionally, the one year house appreciation rate in Memphis is 13.41%, much higher than the US rate of 8.27%. This makes Memphis an attractive option for potential buyers and investors alike who are looking to benefit from a flourishing housing market.

The median home cost in Memphis (zip 47143) is $273,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Memphis (zip 47143) is up 15.2%.

Average Age of Homes

- The median age of Memphis (zip 47143) real estate is 24 years old

The Rental Market in Memphis (zip 47143)

- Renters make up 8.2% of the Memphis (zip 47143) population
- 0.0% of houses and apartments in Memphis (zip 47143), 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, Indiana	United States
	1,287.0	139,647,020.0
	29	42
	$273,000	$338,100
	15.2%	16.6%
	55.7%	57.0%
	81.4%	101.1%
	$6.38	$10.98
	$1,282	$2,690
	85.8%	57.4%
	1.6%	11.2%
	12.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.7%	3.9%
	1.9%	4.5%
	11.6%	11.3%
	35.2%	13.0%
	41.1%	20.1%
	7.3%	13.6%
	1.1%	8.3%
	1.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	25.3%	13.6%
	25.3%	13.6%
	10.3%	13.6%
	17.6%	13.2%
	17.6%	14.8%
	10.3%	13.6%
	3.5%	10.0%
	0.0%	4.7%
	3.0%	12.2%

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