Zip 79245 (Memphis, TX) Housing

The housing market in 79245 Memphis, TX is thriving. Median value for houses within this area is $65,300 which is far lower than the U.S. median value of $338,100. While the U.S. house appreciation rate over the past year was 8.27%, house appreciation rates in 79245 Memphis, TX have been even higher at 16.22%. This shows that investing in real estate within this zip code can be a great opportunity due to the potential of high returns and rapid appreciation in value over time.

The median home cost in Memphis (zip 79245) is $65,300. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Memphis (zip 79245) is up 19.7%.

Average Age of Homes

- The median age of Memphis (zip 79245) real estate is 57 years old

The Rental Market in Memphis (zip 79245)

- Renters make up 20.5% of the Memphis (zip 79245) population
- 3.5% of houses and apartments in Memphis (zip 79245), 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, Texas	United States
	1,170.0	139,647,020.0
	63	42
	$65,300	$338,100
	19.7%	16.6%
	63.7%	57.0%
	99.0%	101.1%
	$14.81	$10.98
	$949	$2,690
	54.4%	57.4%
	23.5%	11.2%
	22.1%	31.4%
Vacant Housing
	3.5%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	1.4%	0.4%
	3.9%	3.6%
	13.5%	4.1%
Value of Owner-Occupied Housing
	9.4%	2.6%
	18.8%	2.4%
	17.9%	2.8%
	13.8%	3.9%
	18.4%	4.5%
	8.3%	11.3%
	5.3%	13.0%
	4.9%	20.1%
	1.4%	13.6%
	0.5%	8.3%
	1.3%	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%
	2.3%	13.6%
	2.3%	13.6%
	3.4%	13.6%
	2.1%	13.2%
	16.3%	14.8%
	3.4%	13.6%
	10.3%	10.0%
	5.3%	4.7%
	36.0%	12.2%

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