Memphis, IN
Full City Profile · Indiana · Clark County County
4.3
/5.0
A
Great
928
Population
357/sq mi density
$116,852
Median Income
$54,891 per capita
$233,600
Home Value
$297,397 Zillow
$1,173
Median Rent
42.9% income on rent
55°F
Avg Temperature
A
Overall
4.3 / 5.0
Strong
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
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)
$297,397
Redfin Median Sale
$264,950
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
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 Sale Price
$264,950
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) | $297,397 |
| Redfin Median Sale | $264,950 |
| 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 Market | 175 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.3% |
| Homes Sold | 6 |
| Active Inventory | 14 |
| Price Per Sq Ft | $188 |
Ownership & Stock
| Owner-Occupied | 88.3% |
| Renter-Occupied | 11.7% |
| Homeownership Rate | 88.3% |
| Total Housing Units | 348 |
| Median Year Built | 2011 |
| Rent Burden | 42.9% |