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Memphis, FL
Full City Profile · Florida · Manatee County County
2.9
/5.0
C+
Fair
10,626
Population
3,270/sq mi density
$71,967
Median Income
$32,281 per capita
$292,200
Home Value
$349,580 Zillow
$1,155
Median Rent
42.7% income on rent
75°F
Avg Temperature
330 sunny days/yr
867
Violent Crime/100K
3,436 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$71,967 median income, 4.9% unemployment
A
Affordability
4.4 / 5.0
$292,200 home value, $1,155/mo rent
F
Safety
1.0 / 5.0
867 violent crimes/100K (128% above avg)
C+
Education
2.6 / 5.0
20.4% bachelor's degree or higher
Housing Overview
Median Home Value
$292,200
4% above
US avg: $281,900
Median Rent
$1,155/mo
1% below
US avg: $1,163/mo
Homeownership Rate
72.2%
10% above US avg (65.4%)
Total Housing Units
4,065
Median year built: 1988
Home Value by Source
Census Median
$292,200
Zillow (ZHVI)
$349,580
Median Sale Price
$410,000
Median List Price
$399,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.2%
Owner-Occupied
27.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,155/mo
Market Indicators (Redfin)
Median Days on Market
70 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
31.8%
of listings with price reduction
Price Per Sq Ft
$277
Active Inventory
22
homes for sale
Affordability & Housing Stock
Rent Burden
42.7%
of renters spending 30%+ of income on housing
38% above US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
72.2%
Complete Housing Data
Home Values
| Census Median Value | $292,200 |
| Zillow Home Value (ZHVI) | $349,580 |
| Median Sale Price | $410,000 |
| Median List Price | $399,000 |
| Price Per Sq Ft | $277 |
Rent
| Census Median Rent | $1,155 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 70 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 31.8% |
| Homes Sold | 6 |
| Active Inventory | 22 |
| Price Per Sq Ft | $277 |
Ownership & Stock
| Owner-Occupied | 72.2% |
| Renter-Occupied | 27.8% |
| Homeownership Rate | 72.2% |
| Total Housing Units | 4,065 |
| Median Year Built | 1988 |
| Rent Burden | 42.7% |