Memphis vs Nashville-Davidson metropolitan government (balance): Housing
| Memphis | Nashville-Davidson metropolitan government (balance) | |
|---|---|---|
| Median Home Value | $169,000 | $413,600 |
| Median Gross Rent | $1,181/mo | $1,586/mo |
| Homeownership Rate | 44.9% | 52.4% |
| Rent as Share of Income | 27.4% | 24.6% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.