Memphis vs Knoxville: Housing
| Memphis | Knoxville | |
|---|---|---|
| Median Home Value | $169,000 | $239,700 |
| Median Gross Rent | $1,181/mo | $1,191/mo |
| Homeownership Rate | 44.9% | 46.6% |
| Rent as Share of Income | 27.4% | 26.4% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.