States / Tennessee / Memphis

Memphis, TN Housing

ACS 2020-2024

Median Home Value

$169,000 ± $3,795

Median Gross Rent

$1,181 ± $12/mo

Homeownership Rate

44.9%

Rent as Share of Income

27.4%

Price-to-Income Ratio

3.3×

Vacancy Rate

12.7%

Median Year Built

1970

Nearby Cities in Tennessee

Nashville-Davidson metropolitan government (balance) · $1,586/mo vsKnoxville · $1,191/mo vsChattanooga · $1,256/mo vsClarksville · $1,307/mo vsMurfreesboro · $1,481/mo vsFranklin · $1,923/mo vsJohnson City · $1,023/mo vsJackson · $1,145/mo vs

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.