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Memphis, FL Housing

 
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As of 2010-2014, median price of a house in Memphis is $111,500, which is lower than the state average of $156,200 and is lower than the national average of $175,700. The Memphis median house value has grown by 42.22% since 2000. The growth rate for the price of a house in Memphis is lower than the state average rate of 48.06% and is lower than the national average rate of 46.91%. The median year that a house in Memphis was built is 1982, which is older than the median year for a house built in the state which is 1985 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 1,995 Owner Occupied Houses in Memphis, FL, #553
Memphis, FL
111,500 USD
Florida
156,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #395
Memphis, FL
42.22%
Florida
48.06%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Memphis, FLFloridaU.S.
Total Housing Units3,300, see rank, 100%9,051,851132,741,033
Occupied Housing Units2,756, 83.52%, see rank79.74%87.55%
Owner Occupied1,995, 60.45%, see rank52.73%56.34%
Renter Occupied761, 23.06%, see rank27.01%31.21%
Vacant Housing Units544, 16.48%, see rank20.26%12.45%
For Rent93, 2.82%, see rank2.97%2.34%
For Sale Only51, 1.55%, see rank1.66%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank1.21%0.92%
For Seasonal, Recreational, or Occasional Use213, 6.45%, see rank9.84%3.97%
For Migrant Workers0, 0.00%, see rank0.04%0.03%
Other Vacant187, 5.67%, see rank4.54%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #440
Memphis, FLFloridaU.S.
198219851976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Memphis, FL%FloridaU.S.
Owner-Occupied Units1,995100%4,772,94474,787,460
With a Mortgage1,18859.55%, see rank61.11%65.58%
Without a Mortgage80740.45%, see rank38.89%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Memphis, FL
1,200 USD
Florida
1,480 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMemphis, FL%FloridaU.S.
$299 or Less00.00%, see rank0.21%0.20%
$300 to $499302.53%, see rank1.53%1.59%
$500 to $6991159.68%, see rank5.00%5.01%
$700 to $99924320.45%, see rank14.91%14.32%
$1,000 to $1,49938832.66%, see rank29.50%27.90%
$1,500 to $1,99926121.97%, see rank21.21%20.35%
$2,000 to $2,999625.22%, see rank18.45%19.52%
$3,000 or More897.49%, see rank9.20%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Memphis, FL
28.50% of the Total Income
Florida
26.90% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Memphis, FL%FloridaU.S.
10% or Less564.71%, see rank4.76%5.86%
10% to 20%24820.88%, see rank25.89%31.95%
20% to 30%31926.85%, see rank25.92%27.64%
30% to 40%14512.21%, see rank14.93%13.74%
40% or More41134.60%, see rank27.62%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Memphis, FL
320 USD
Florida
469 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMemphis, FL%FloridaU.S.
$199 or Less13416.60%, see rank9.06%7.76%
$200 to $29920325.15%, see rank13.71%14.70%
$300 to $49931739.28%, see rank32.19%34.63%
$500 to $6999311.52%, see rank22.09%21.16%
$700 or More607.43%, see rank22.95%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Memphis, FL
10.00% of the Total Income
Florida
13.30% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Memphis, FL%FloridaU.S.
10% or Less38547.71%, see rank36.34%40.19%
10% to 20%20325.15%, see rank31.41%31.47%
20% to 30%8610.66%, see rank12.98%12.24%
30% to 40%00.00%, see rank6.40%5.64%
40% or More9812.14%, see rank10.85%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Memphis, FLFloridaU.S.
Total Housing Units3,300, 100%9,051,851132,741,033
1-unit, Detached2,270, 68.79%, see rank54.16%61.65%
1-unit, Attached384, 11.64%, see rank6.28%5.82%
2 Units117, 3.55%, see rank2.17%3.75%
3 or 4 Units58, 1.76%, see rank3.85%4.43%
5 to 9 Units5, 0.15%, see rank5.03%4.78%
10 or More Units32, 0.97%, see rank19.24%13.08%
Mobile Home, Boat, RV, Van, etc.434, 13.15%, see rank9.28%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Memphis, FLFloridaU.S.
Total Housing Units3,300, 100%9,051,851132,741,033
1 Room8, 0.24%, see rank1.65%1.95%
2 Rooms47, 1.42%, see rank2.16%2.48%
3 Rooms263, 7.97%, see rank10.38%9.13%
4 Rooms735, 22.27%, see rank21.92%16.60%
5 Rooms1,096, 33.21%, see rank23.70%20.41%
6 Rooms561, 17.00%, see rank17.82%18.06%
7 Rooms329, 9.97%, see rank10.59%12.27%
8 Rooms217, 6.58%, see rank6.13%8.48%
9 Rooms or More44, 1.33%, see rank5.66%10.60%
Median Rooms5.00, see rank5.105.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Memphis, FLFloridaU.S.
Total Housing Units3,300, 100%9,051,851132,741,033
No Bedroom8, 0.24%, see rank1.80%2.17%
1 Bedroom148, 4.48%, see rank10.62%11.16%
2 Bedrooms1,131, 34.27%, see rank33.79%26.69%
3 Bedrooms1,732, 52.48%, see rank38.45%39.70%
4 Bedrooms264, 8.00%, see rank12.90%16.05%
5 or More Bedrooms17, 0.52%, see rank2.45%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Memphis, FLFloridaU.S.
Total Housing Units2,756, 100%7,217,508116,211,092
Utility Gas4, 0.15%, see rank4.53%48.85%
Bottled, Tank, or LP Gas8, 0.29%, see rank1.12%4.86%
Electricity2,734, 99.20%, see rank92.30%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank0.22%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood0, 0.00%, see rank0.20%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel0, 0.00%, see rank0.04%0.47%
No Fuel Used10, 0.36%, see rank1.56%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMemphis, FLFloridaU.S.
Occupied Units Paying Rent761, 100%2,322,94939,201,928
$199 or Less0, 0.00%, see rank1.03%1.50%
$200 to $29919, 2.50%, see rank1.85%3.18%
$300 to $4998, 1.05%, see rank3.93%7.37%
$500 to $699150, 19.71%, see rank11.03%16.01%
$700 to $999291, 38.24%, see rank32.44%29.17%
$1,000 to $1,499225, 29.57%, see rank34.44%26.88%
$1,500 to $1,99968, 8.94%, see rank10.35%9.79%
$2,000 or More0, 0.00%, see rank4.93%6.10%
Median$872, see rank$998$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Memphis, FLFloridaU.S.
Occupied Housing Units2,756, 100%7,217,508116,211,092
No Vehicles Available211, 7.66%, see rank7.09%9.12%
1 Vehicles Available1,222, 44.34%, see rank41.49%33.80%
2 Vehicles Available906, 32.87%, see rank37.93%37.48%
3 or More Vehicles Available417, 15.13%, see rank13.49%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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