3,117
Memphis, TN, USA apartments for sale
Memphis
According to statistics, the population in Memphis, TN amounts to 650,632, which shows decline 0% compared to the previous year. The median age of the city’s residents is 34. The average household income is $37,199, shifting decline -5% from the past year, and the average property value in Memphis, TN growth 5% to $103,700 throughout the year.
| Population | 650,632 |
| Median Age | 34.3 |
| Poverty Rate | 27% |
| Household Income | $37,199 |
| Number Of Employees | 290,457 |
| Median Property Value | $103,700 |
Average Price of Apartments for Sale in Memphis, TN
Average apartment sale in Memphis, TN: $240,002
(+7.2%)
| Month | Median Price |
|---|---|
| Aug 2023 |
$171,578
|
| Jul 2023 |
$161,595
|
| Jun 2023 |
$206,589
|
| May 2023 |
$219,846
|
| Apr 2023 |
$171,429
|
| Mar 2023 |
$156,240
|
| Month | Median Price |
|---|---|
| Aug 2023 |
$239,722
|
| Jul 2023 |
$218,786
|
| Jun 2023 |
$273,017
|
| May 2023 |
$301,786
|
| Apr 2023 |
$293,672
|
| Mar 2023 |
$252,268
|
Household Income
The average household income in Memphis, TN declined from $39,333 to $37,199 in the past year. This data is an estimate based upon 252,517 households in Memphis, TN . The chart below presents how household income is distributed in Memphis, TN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Memphis, TN shifted from $98,700 to $103,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Memphis, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Memphis, TN properties falls in the '$80,000 to $89,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Memphis, TN compared to median property taxes around the country. The prevalent amount of property taxes in Memphis, TN equals $1150, which is less than the national average.