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Memphis, TN Housing

 
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As of 2010-2014, median price of a house in Memphis is $95,400, which is lower than the state average of $139,900 and is much lower than the national average of $175,700. The Memphis median house value has grown by 31.04% since 2000. The growth rate for the price of a house in Memphis is lower than the state average rate of 50.43% and is lower than the national average rate of 46.91%. The median year that a house in Memphis was built is 1969, which is older than the median year for a house built in the state which is 1981 and is older 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 123,954 Owner Occupied Houses in Memphis, TN, #242
Memphis, TN
95,400 USD
Tennessee
139,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #258
Memphis, TN
31.04%
Tennessee
50.43%
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, TNTennesseeU.S.
Total Housing Units296,857, see rank, 100%2,839,142132,741,033
Occupied Housing Units248,320, 83.65%, see rank87.61%87.55%
Owner Occupied123,954, 41.76%, see rank58.82%56.34%
Renter Occupied124,366, 41.89%, see rank28.79%31.21%
Vacant Housing Units48,537, 16.35%, see rank12.39%12.45%
For Rent17,927, 6.04%, see rank2.61%2.34%
For Sale Only3,576, 1.20%, see rank1.32%1.20%
Rented or Sold, Not Occupied2,822, 0.95%, see rank1.07%0.92%
For Seasonal, Recreational, or Occasional Use1,439, 0.48%, see rank2.44%3.97%
For Migrant Workers0, 0.00%, see rank0.02%0.03%
Other Vacant22,773, 7.67%, see rank4.93%4.00%

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

Year Structure Built

Median Built Year, #332
Memphis, TNTennesseeU.S.
196919811976

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, TN%TennesseeU.S.
Owner-Occupied Units123,954100%1,669,95374,787,460
With a Mortgage84,40268.09%, see rank61.60%65.58%
Without a Mortgage39,55231.91%, see rank38.40%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, TN
1,211 USD
Tennessee
1,197 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMemphis, TN%TennesseeU.S.
$299 or Less1010.12%, see rank0.28%0.20%
$300 to $4991,2231.45%, see rank2.56%1.59%
$500 to $6994,9465.86%, see rank8.39%5.01%
$700 to $99919,72823.37%, see rank23.06%14.32%
$1,000 to $1,49932,59038.61%, see rank34.56%27.90%
$1,500 to $1,99914,22216.85%, see rank16.87%20.35%
$2,000 to $2,9998,2059.72%, see rank10.45%19.52%
$3,000 or More3,3874.01%, see rank3.83%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Memphis, TN
25.30% of the Total Income
Tennessee
22.70% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Memphis, TN%TennesseeU.S.
10% or Less4,2835.07%, see rank6.05%5.86%
10% to 20%24,64629.20%, see rank34.78%31.95%
20% to 30%22,14726.24%, see rank28.01%27.64%
30% to 40%12,07814.31%, see rank12.76%13.74%
40% or More20,26824.01%, see rank17.77%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, TN
450 USD
Tennessee
359 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMemphis, TN%TennesseeU.S.
$199 or Less2,1425.42%, see rank10.63%7.76%
$200 to $2995,91114.94%, see rank23.38%14.70%
$300 to $49915,52639.25%, see rank42.62%34.63%
$500 to $6998,65021.87%, see rank15.15%21.16%
$700 or More7,32318.51%, see rank8.22%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Memphis, TN
13.50% of the Total Income
Tennessee
11.00% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Memphis, TN%TennesseeU.S.
10% or Less13,90335.15%, see rank45.34%40.19%
10% to 20%12,36231.26%, see rank31.24%31.47%
20% to 30%5,18813.12%, see rank10.84%12.24%
30% to 40%2,7456.94%, see rank4.71%5.64%
40% or More4,42611.19%, see rank6.65%9.16%

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

Units in Structure

 Memphis, TNTennesseeU.S.
Total Housing Units296,857, 100%2,839,142132,741,033
1-unit, Detached181,384, 61.10%, see rank68.74%61.65%
1-unit, Attached13,387, 4.51%, see rank3.11%5.82%
2 Units8,994, 3.03%, see rank3.00%3.75%
3 or 4 Units18,335, 6.18%, see rank3.14%4.43%
5 to 9 Units31,321, 10.55%, see rank4.62%4.78%
10 or More Units40,535, 13.65%, see rank7.73%13.08%
Mobile Home, Boat, RV, Van, etc.2,901, 0.98%, see rank9.67%6.49%

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

Rooms

 Memphis, TNTennesseeU.S.
Total Housing Units296,857, 100%2,839,142132,741,033
1 Room4,174, 1.41%, see rank1.08%1.95%
2 Rooms3,532, 1.19%, see rank1.43%2.48%
3 Rooms29,221, 9.84%, see rank6.75%9.13%
4 Rooms61,627, 20.76%, see rank16.35%16.60%
5 Rooms66,216, 22.31%, see rank22.36%20.41%
6 Rooms56,260, 18.95%, see rank19.26%18.06%
7 Rooms35,029, 11.80%, see rank13.02%12.27%
8 Rooms19,550, 6.59%, see rank8.63%8.48%
9 Rooms or More21,248, 7.16%, see rank11.12%10.60%
Median Rooms5.30, see rank5.605.50

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

Bedrooms

 Memphis, TNTennesseeU.S.
Total Housing Units296,857, 100%2,839,142132,741,033
No Bedroom4,515, 1.52%, see rank1.18%2.17%
1 Bedroom37,453, 12.62%, see rank7.78%11.16%
2 Bedrooms91,555, 30.84%, see rank26.67%26.69%
3 Bedrooms120,872, 40.72%, see rank46.66%39.70%
4 Bedrooms34,263, 11.54%, see rank14.27%16.05%
5 or More Bedrooms8,199, 2.76%, see rank3.44%4.22%

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

House Heating Fuel

 Memphis, TNTennesseeU.S.
Total Housing Units248,320, 100%2,487,349116,211,092
Utility Gas137,362, 55.32%, see rank33.15%48.85%
Bottled, Tank, or LP Gas1,655, 0.67%, see rank4.33%4.86%
Electricity108,110, 43.54%, see rank59.47%36.68%
Fuel Oil, Kerosene, etc.182, 0.07%, see rank0.47%5.86%
Coal or Coke19, 0.01%, see rank0.04%0.12%
Wood219, 0.09%, see rank2.14%2.12%
Solar Energy18, 0.01%, see rank0.02%0.05%
Other Fuel207, 0.08%, see rank0.11%0.47%
No Fuel Used548, 0.22%, see rank0.27%1.00%

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

Gross Rent

Monthly RentalMemphis, TNTennesseeU.S.
Occupied Units Paying Rent119,932, 100%747,96239,201,928
$199 or Less1,318, 1.10%, see rank2.40%1.50%
$200 to $2992,780, 2.32%, see rank4.03%3.18%
$300 to $4997,620, 6.35%, see rank10.84%7.37%
$500 to $69924,500, 20.43%, see rank24.36%16.01%
$700 to $99949,042, 40.89%, see rank35.12%29.17%
$1,000 to $1,49929,554, 24.64%, see rank18.39%26.88%
$1,500 to $1,9994,012, 3.35%, see rank3.36%9.79%
$2,000 or More1,106, 0.92%, see rank1.49%6.10%
Median$831, see rank$757$920

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

Vehicle Available

 Memphis, TNTennesseeU.S.
Occupied Housing Units248,320, 100%2,487,349116,211,092
No Vehicles Available30,526, 12.29%, see rank6.39%9.12%
1 Vehicles Available109,308, 44.02%, see rank32.88%33.80%
2 Vehicles Available78,152, 31.47%, see rank38.26%37.48%
3 or More Vehicles Available30,334, 12.22%, see rank22.47%19.61%

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


 
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