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Memphis, TX
Full City Profile · Texas · Hall County County
2.8
/5.0
C+
Fair
2,231
Population
996/sq mi density
$46,567
Median Income
$23,614 per capita
$74,700
Home Value
$70,095 Zillow
$608
Median Rent
19.9% income on rent
61°F
Avg Temperature
326 sunny days/yr
137
Violent Crime/100K
1,097 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$46,567 median income, 5.8% unemployment
A+
Affordability
5.0 / 5.0
$74,700 home value, $608/mo rent
F
Safety
1.0 / 5.0
137 violent crimes/100K
C
Education
2.3 / 5.0
16.0% bachelor's degree or higher
Housing Overview
Median Home Value
$74,700
74% below
US avg: $281,900
Median Rent
$608/mo
48% below
US avg: $1,163/mo
Homeownership Rate
74.6%
14% above US avg (65.4%)
Total Housing Units
1,098
Median year built: 1957
Home Value by Source
Census Median
$74,700
Zillow (ZHVI)
$70,095
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.6%
Owner-Occupied
25.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent:
$608/mo
Affordability & Housing Stock
Rent Burden
19.9%
of renters spending 30%+ of income on housing
36% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
74.6%
Complete Housing Data
Home Values
| Census Median Value | $74,700 |
| Zillow Home Value (ZHVI) | $70,095 |
Rent
| Census Median Rent | $608 |
| FMR Studio | $887 |
| FMR 1-Bedroom | $935 |
| FMR 2-Bedroom | $1,149 |
| FMR 3-Bedroom | $1,497 |
| FMR 4-Bedroom | $1,733 |
Market
Ownership & Stock
| Owner-Occupied | 74.6% |
| Renter-Occupied | 25.4% |
| Homeownership Rate | 74.6% |
| Total Housing Units | 1,098 |
| Median Year Built | 1957 |
| Rent Burden | 19.9% |