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