A+
39%
Med. Home Val. NAT. AVG.
12%
Rent NAT. AVG.
49%
Owner Occ. NAT. AVG.
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Downtown Housing Information

IndexDowntownMemphisTennessee
Median home price$112,443$107,100$146,000
Median rent asked$833$915$782
Avg. people per household2.42.52.5
Owner occupied households32.7%46.2%66.3%
Renter occupied households67.3%53.8%33.7%
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Housing Quick Facts

  • The median home price in Downtown is 39% lower than the national average.
  • The median rent asked in Downtown is 12% lower than the national average.
  • The average number of people per household in Downtown is 8% lower than the national average.
  • The number of owner occupied households in Downtown is 49% lower than the national average.
  • The number of renter occupied households in Downtown is 85% higher than the national average.

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Edmondson, AR400$0100%
      Sunset, AR229$53,80071%
      West Memphis, AR24,656$86,10053%
      Walls, MS1,415$107,10042%
      Horn Lake, MS27,234$114,30038%
      Memphis, TN650,910$107,10042%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Portland, OR650,380$438,500137%
      Oklahoma City, OK649,821$161,80012%
      Las Vegas, NV644,594$279,70051%
      Nashville, TN667,070$264,60043%
      Detroit, MI672,351$52,70071%
      Memphis, TN650,910$107,10042%
      Source: The Downtown, Memphis, TN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).