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 .
A look at the top 10 most livable cities in the Volunteer State.
Good schools, a thriving job market and plenty of recreational opportunities are just a few reasons to call Tennessee home.
New developments invigorate Greater Memphis
Region offers several housing options and amenities
Cooper-Young, East Memphis are among several eclectic spots.
Many neighborhoods, good colleges, 162 parks are among the options.
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%|
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%|
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%|