Real estate market overview
Overview & Ratings
Get to know Memphis
Get to know Memphis. Whether you're looking to purchase a home, putting yours up for sale or exploring rental options, get up-to-date information about the Memphis real estate market, all in one place. Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Memphis without having to leave home.
The median home price in Memphis for the week end on April 30th 2021 was $94,200 compared to $862, the median rent. Unemployment sits at 10.4% as of April 30th 2021. The population of Memphis is 654,723. The median age of the locals is 33.7.
Bachelor's degree or higher
Median monthly rent
Estimated housing units
Median household income
Data from 2012-2017 census for Memphis
In the past week, single family homes in Memphis sold on average for $89,900 and spent 83 days on the market. In Memphis, the inventory of 477 experienced a 3% relisting. The average price per square foot was $70.
In the past week, condo/townhomes in Memphis sold on average for $249,900 and spent 93 days on the market. In Memphis, the inventory of 53 experienced a 8% relisting. The average price per square foot was $169.
As previously noted, the population of Memphis is 654,723 and the median age is 33.7. Among Memphis residents, there is a homeowner vacancy rate of 1.9% and a rental vacancy rate of 10.5% from a total of 298,310 units.
Memphis has 327 schools. Each school is rated by key indicators like test scores, academic progress, college readiness, student-teacher ratio and more. These scores will help you compare the best schools in Memphis.
Data provided by GREAT SCHOOLS
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This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Data Provided by Altos and Census Bureau
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