Memphis Real Estate Market Overview

Could Memphis, TN be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about Memphis. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near Memphis such as Bartlett... and Cordova. When you’re ready, Trulia has 1,948 resale and new homes in Memphis lined up for you, including 24 open houses, and 1,950 home in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$140,000

Median Sales Price

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$84

Price Per Sqft

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$875

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in Memphis show a 17% year-over-year rise in median sales price and a -2% drop in median rent per month.

Median Sales Price
The median sales price for homes in Memphis for Jun 22 to Sep 21 was $140,000 based on 801 home sales.
Price Per Square Ft.
Average price per square foot for Memphis was $84, an increase of 12% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in Memphis for Aug 22 to Sep 22 was $875.

Crime

Most frequent crimes in the past year

Knowing more about crime activity in Memphis can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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15,606

Counts of Theft

15,141

Counts of Assault

6,942

Counts of Vandalism


Best Schools in Memphis

There are 220 schools in Memphis.

Elementary Schools
10

John P. Freeman Optional School

Public, K - 8

10

Campus School

Public, 1 - 5

9

Richland Elementary School

Public, PK - 5

Middle Schools
10

John P. Freeman Optional School

Public, K - 8

8

Power Center Academy

Public, 6 - 8

8

White Station Middle School

Public, 6 - 8

High Schools
9

Middle College High School

Public, 9 - 12

9

Hollis F. Price Middle College High School

Public, 9 - 12

7

White Station High School

Public, 9 - 12


Demographics

Get to know your neighbors in Memphis by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
37%
Single residents
Home owners
56%
Home owners
Median age
35
Median age
Household income
$35,233
Median household income
College educated
20%
College educated

Commute

Most people in Memphis commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
97% commute by car
0% commute by bike
1% commute by public transportation
0% commute by foot

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