Housing & Real Estate — Memphis, Tennessee
Overview
| Total Housing Units | 292,290 |
|---|
| Occupied | 254,530 |
|---|
| Vacant | 37,760 |
|---|
| Owner-Occupied | 117,061 |
|---|
| Renter-Occupied | 137,469 |
|---|
| Median Home Value (Census) | $169,000 |
|---|
| Estimated 2026 | ~$200,000 |
|---|
| Median Rent | $1,123/mo |
|---|
| Median Property Tax | $1,845/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
|---|
| Rent as % of Income | 26.0% |
|---|
| Severely Rent-Burdened | 46.9% |
|---|
Housing Age
| Built 2010 or later | 13,325 |
|---|
| Built 2000-2009 | 20,039 |
|---|
| Built 1990-1999 | 26,205 |
|---|
| Built before 1960 | 102,470 |
|---|
| Median Year Built | 1970 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
