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Memphis, IN

Full City Profile · Indiana · Clark County County

3.4 /5.0
B Good
928 Population 357/sq mi density
$116,852 Median Income $54,891 per capita
$233,600 Home Value $289,581 Zillow
$1,173 Median Rent 42.9% income on rent
58°F Avg Temperature 293 sunny days/yr
114 Violent Crime/100K 1,849 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$116,852 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$233,600 home value, $1,173/mo rent
F
Safety
1.0 / 5.0
114 violent crimes/100K
C+
Education
2.8 / 5.0
22.0% bachelor's degree or higher

Housing Overview

Median Home Value
$233,600
17% below
US avg: $281,900
Median Rent
$1,173/mo
1% above
US avg: $1,163/mo
Homeownership Rate
88.3%
35% above US avg (65.4%)
Total Housing Units
348
Median year built: 2011

Home Value by Source

Census Median
$233,600
Zillow (ZHVI)
$289,581
Median Sale Price
$264,950
Median List Price
$255,101
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

88.3%
Owner-Occupied
11.7%
Renter-Occupied
88%
12%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent: $1,173/mo

Market Indicators (Redfin)

Median Days on Market
175 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
14.3%
of listings with price reduction
Price Per Sq Ft
$188
Active Inventory
14
homes for sale

Affordability & Housing Stock

Rent Burden
42.9%
of renters spending 30%+ of income on housing
38% above US avg (31.0%)
Median Year Built
2011
Average age of housing stock: 15 years
Homeownership Rate
88.3%

Complete Housing Data

Home Values

Census Median Value$233,600
Zillow Home Value (ZHVI)$289,581
Median Sale Price$264,950
Median List Price$255,101
Price Per Sq Ft$188

Rent

Census Median Rent$1,173
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Days on Market175
Sale-to-List Ratio1.0%
Price Drops14.3%
Homes Sold6
Active Inventory14
Price Per Sq Ft$188

Ownership & Stock

Owner-Occupied88.3%
Renter-Occupied11.7%
Homeownership Rate88.3%
Total Housing Units348
Median Year Built2011
Rent Burden42.9%