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Memphis, TN
Full City Profile · Tennessee · Shelby County County
3.0
/5.0
B
Good
629,063
Population
2,171/sq mi density
$51,211
Median Income
$32,314 per capita
$157,100
Home Value
$142,870 Zillow
$1,123
Median Rent
32.9% income on rent
64°F
Avg Temperature
293 sunny days/yr
1,901
Violent Crime/100K
6,128 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$51,211 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$157,100 home value, $1,123/mo rent
F
Safety
1.0 / 5.0
1,901 violent crimes/100K (400% above avg)
B
Education
3.3 / 5.0
28.2% bachelor's degree or higher
Housing Overview
Median Home Value
$157,100
44% below
US avg: $281,900
Median Rent
$1,123/mo
3% below
US avg: $1,163/mo
Homeownership Rate
46.0%
30% below US avg (65.4%)
Total Housing Units
290,047
Median year built: 1970
Home Value by Source
Census Median
$157,100
Zillow (ZHVI)
$142,870
Median Sale Price
$171,000
Median List Price
$189,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
46.0%
Owner-Occupied
54.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$1,123/mo
· Zillow rent:
$1,234/mo
Market Indicators (Redfin)
Median Days on Market
56 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
350
Price Drops
22.9%
of listings with price reduction
Price Per Sq Ft
$108
Active Inventory
2,147
homes for sale
Affordability & Housing Stock
Rent Burden
32.9%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
46.0%
Complete Housing Data
Home Values
| Census Median Value | $157,100 |
| Zillow Home Value (ZHVI) | $142,870 |
| Median Sale Price | $171,000 |
| Median List Price | $189,900 |
| Price Per Sq Ft | $108 |
Rent
| Census Median Rent | $1,123 |
| Zillow Rent (ZORI) | $1,234 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
| Days on Market | 56 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 22.9% |
| Homes Sold | 350 |
| Active Inventory | 2,147 |
| Price Per Sq Ft | $108 |
Ownership & Stock
| Owner-Occupied | 46.0% |
| Renter-Occupied | 54.0% |
| Homeownership Rate | 46.0% |
| Total Housing Units | 290,047 |
| Median Year Built | 1970 |
| Rent Burden | 32.9% |