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Memphis, TX Housing

 
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As of 2010-2014, median price of a house in Memphis is $39,500, which is much lower than the state average of $131,400 and is much lower than the national average of $175,700. The Memphis median house value has grown by 35.74% since 2000. The growth rate for the price of a house in Memphis is lower than the state average rate of 59.27% and is lower than the national average rate of 46.91%. The median year that a house in Memphis was built is 1959, which is older than the median year for a house built in the state which is 1984 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 509 Owner Occupied Houses in Memphis, TX, #1469
Memphis, TX
39,500 USD
Texas
131,400 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #1052
Memphis, TX
35.74%
Texas
59.27%
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, TXTexasU.S.
Total Housing Units1,084, see rank, 100%10,187,189132,741,033
Occupied Housing Units753, 69.46%, see rank88.48%87.55%
Owner Occupied509, 46.96%, see rank55.49%56.34%
Renter Occupied244, 22.51%, see rank32.99%31.21%
Vacant Housing Units331, 30.54%, see rank11.52%12.45%
For Rent50, 4.61%, see rank3.13%2.34%
For Sale Only0, 0.00%, see rank1.05%1.20%
Rented or Sold, Not Occupied9, 0.83%, see rank0.97%0.92%
For Seasonal, Recreational, or Occasional Use15, 1.38%, see rank2.37%3.97%
For Migrant Workers0, 0.00%, see rank0.02%0.03%
Other Vacant257, 23.71%, see rank3.97%4.00%

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

Year Structure Built

Median Built Year, #1498
Memphis, TXTexasU.S.
195919841976

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, TX%TexasU.S.
Owner-Occupied Units509100%5,652,54274,787,460
With a Mortgage8416.50%, see rank60.56%65.58%
Without a Mortgage42583.50%, see rank39.44%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, TX
922 USD
Texas
1,443 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMemphis, TX%TexasU.S.
$299 or Less00.00%, see rank0.15%0.20%
$300 to $49900.00%, see rank1.18%1.59%
$500 to $6992226.19%, see rank4.49%5.01%
$700 to $9993845.24%, see rank14.70%14.32%
$1,000 to $1,4991315.48%, see rank33.20%27.90%
$1,500 to $1,99900.00%, see rank22.54%20.35%
$2,000 to $2,99978.33%, see rank16.45%19.52%
$3,000 or More44.76%, see rank7.30%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Memphis, TX
20.90% of the Total Income
Texas
22.20% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Memphis, TX%TexasU.S.
10% or Less00.00%, see rank6.26%5.86%
10% to 20%3541.67%, see rank36.09%31.95%
20% to 30%3946.43%, see rank27.65%27.64%
30% to 40%00.00%, see rank12.28%13.74%
40% or More1011.90%, see rank17.16%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, TX
308 USD
Texas
459 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMemphis, TX%TexasU.S.
$199 or Less7016.47%, see rank7.97%7.76%
$200 to $29913331.29%, see rank14.81%14.70%
$300 to $49916939.76%, see rank33.97%34.63%
$500 to $6994610.82%, see rank22.08%21.16%
$700 or More71.65%, see rank21.17%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Memphis, TX
12.20% of the Total Income
Texas
11.90% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Memphis, TX%TexasU.S.
10% or Less17340.71%, see rank41.43%40.19%
10% to 20%15536.47%, see rank32.37%31.47%
20% to 30%6916.24%, see rank11.78%12.24%
30% to 40%102.35%, see rank5.09%5.64%
40% or More184.24%, see rank8.03%9.16%

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

Units in Structure

 Memphis, TXTexasU.S.
Total Housing Units1,084, 100%10,187,189132,741,033
1-unit, Detached939, 86.62%, see rank65.34%61.65%
1-unit, Attached20, 1.85%, see rank2.68%5.82%
2 Units5, 0.46%, see rank1.94%3.75%
3 or 4 Units45, 4.15%, see rank3.20%4.43%
5 to 9 Units10, 0.92%, see rank4.85%4.78%
10 or More Units13, 1.20%, see rank14.35%13.08%
Mobile Home, Boat, RV, Van, etc.52, 4.80%, see rank7.63%6.49%

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

Rooms

 Memphis, TXTexasU.S.
Total Housing Units1,084, 100%10,187,189132,741,033
1 Room14, 1.29%, see rank1.69%1.95%
2 Rooms21, 1.94%, see rank2.86%2.48%
3 Rooms74, 6.83%, see rank10.61%9.13%
4 Rooms175, 16.14%, see rank16.68%16.60%
5 Rooms276, 25.46%, see rank21.74%20.41%
6 Rooms265, 24.45%, see rank18.39%18.06%
7 Rooms128, 11.81%, see rank11.53%12.27%
8 Rooms76, 7.01%, see rank7.50%8.48%
9 Rooms or More55, 5.07%, see rank8.98%10.60%
Median Rooms5.40, see rank5.305.50

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

Bedrooms

 Memphis, TXTexasU.S.
Total Housing Units1,084, 100%10,187,189132,741,033
No Bedroom21, 1.94%, see rank1.85%2.17%
1 Bedroom147, 13.56%, see rank12.69%11.16%
2 Bedrooms246, 22.69%, see rank23.33%26.69%
3 Bedrooms556, 51.29%, see rank41.71%39.70%
4 Bedrooms90, 8.30%, see rank17.12%16.05%
5 or More Bedrooms24, 2.21%, see rank3.30%4.22%

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

House Heating Fuel

 Memphis, TXTexasU.S.
Total Housing Units753, 100%9,013,582116,211,092
Utility Gas607, 80.61%, see rank37.22%48.85%
Bottled, Tank, or LP Gas10, 1.33%, see rank3.42%4.86%
Electricity136, 18.06%, see rank58.19%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank0.12%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood0, 0.00%, see rank0.43%2.12%
Solar Energy0, 0.00%, see rank0.01%0.05%
Other Fuel0, 0.00%, see rank0.16%0.47%
No Fuel Used0, 0.00%, see rank0.44%1.00%

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

Gross Rent

Monthly RentalMemphis, TXTexasU.S.
Occupied Units Paying Rent171, 100%3,174,41239,201,928
$199 or Less35, 20.47%, see rank1.28%1.50%
$200 to $2998, 4.68%, see rank2.20%3.18%
$300 to $49955, 32.16%, see rank6.35%7.37%
$500 to $69920, 11.70%, see rank19.10%16.01%
$700 to $99948, 28.07%, see rank35.25%29.17%
$1,000 to $1,4995, 2.92%, see rank26.13%26.88%
$1,500 to $1,9990, 0.00%, see rank6.97%9.79%
$2,000 or More0, 0.00%, see rank2.73%6.10%
Median$434, see rank$870$920

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

Vehicle Available

 Memphis, TXTexasU.S.
Occupied Housing Units753, 100%9,013,582116,211,092
No Vehicles Available83, 11.02%, see rank5.88%9.12%
1 Vehicles Available210, 27.89%, see rank34.31%33.80%
2 Vehicles Available239, 31.74%, see rank40.44%37.48%
3 or More Vehicles Available221, 29.35%, see rank19.37%19.61%

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


 
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