What is the median home price in Memphis, TN?

The median home value in Memphis, TN is approximately $157,100, with median rent around $1,123/mo (U.S. Census ACS). Memphis is in Shelby County.

What is the cost of living like in Memphis, TN?

Memphis has a median household income near $51,211 against a median home value of $157,100 and median rent of $1,123/mo. Tennessee's state income tax is None and effective property tax runs around 0.66%.

Can I use Remote Prop View in Memphis, TN?

Yes. Remote Prop View's market data, demographics, and scam-aware research tools work nationwide. Our deep property search, comparable sales, and TruReport verification packet currently focus on the Dallas-Fort Worth, TX metro.

Memphis, TN Real Estate

Memphis anchors one of Tennessee's largest metro areas with a population of about 629,063. The median home value is near $157,100, and median rent runs around $1,123/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value

$157,100

Median Rent

$1,123/mo

Population

629,063

Median Income

$51,211

Median Age

34.3

Homeownership

46%

Monthly payment on a median Memphis home

Example for a $157,100 home: 20% down, 30-yr at ~6.75%, TN property tax ~0.66%, 0.4% insurance.

Est. monthly (PITI)

$954

Principal & interest

$815

Property tax / mo

$86

Down payment (20%)

$31,420

Memphis at a glance

16.9% of residents 25+ hold a bachelor's degree or higher.
46% of occupied homes are owner-occupied.
Median household income is $51,211.
Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

Other Tennessee cities

Nashville →Knoxville →Chattanooga →Clarksville →Murfreesboro →Franklin →

Research your move with Remote Prop View

Market data and scam-aware research work nationwide. Deep property search and TruReport verification are live for Dallas-Fort Worth.

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