Shelby County

Real Estate in Memphis, TN

Ready to move to Memphis, TN? Click below to learn more about recent housing trends, average home values and other real estate insights .

Real Estate Overview

So you want to move to Memphis, TN, but aren’t sure if you can afford the housing costs? Here’s what you need to know: The median home price in Memphis is $94,000, while the median rent for a one bedroom apartment is $828 . The median salary in Memphis, TN, is $36,445, and depending on how yours compares, it should help you determine which housing option is best for you.

Property Values in Memphis, TN

  $1,000,000 or More 0.7%
  $50k to $99k 37.6%
  $100k to $149k 19.1%
  $200k to $299k 8.2%
  $300k to $499k 5.3%
  $500k to $999k 2.7%
  Less than $50k 15.9%

$94000
Median Home Price
in Memphis, TN

Monthly Rent in Memphis, TN

Property Tax (with Mortgage) in Memphis, TN

$1.5k to $2k 15.8%
$1k to $1.5k 37.9%
$2.5k to $3k 3%
$2k to $2.5k 6.1%
Property Tax $3k or more 3.6%
$500 to $999 31.9%

$1180
Median Property Tax
in Memphis, TN

Property Tax (without Mortgage) in Memphis, TN

$1k or More 7.2%
$250 to $399 29.2%
$400 to $599 31.3%
$600 to $799 14%
$800 to $999 5.4%
Less than $250 12.8%
Property Tax Less $0.5k 1.7%

$94000
Median Propery Value
in Memphis, TN

$828
Median Rent
in Memphis, TN