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Memphis, TN Real Estate

Memphis, Tennessee is located in Shelby County. Nearby cities and towns include Southaven, Germantown, Horn Lake, Bartlett, Olive Branch, Lynchburg, West Memphis, Marion, Bridgetown, Sunset, Walls, Collierville, Millington, Lakeland, Hernando, Edmondson, Clarkedale, Jericho, Arlington, Piperton, Anthonyville, Crawfordsville, Byhalia, Horseshoe Lake, Rossville, Atoka, and Jennette. Memphis is an urban community with a population of 654,085. The median household income is $37,419. In Memphis, 33% of residents are married, and families with children reside in 34% of the households. Half the population of Memphis commutes 21 minutes or less to work, with 58% of residents holding white collar jobs and 42% residents holding blue collar jobs. The median age of homes in Memphis, TN is 33 years, with 45% of those homes owned, 43% rented, and 12% not occupied. In the previous year, 9624 Memphis properties were sold. The median sale price of a home in Memphis in the previous year was $100,796.

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About Schools in Memphis, TN

Memphis offers a range of educational opportunities with 110 elementary schools, 55 middle schools and 54 high schools.

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Memphis, TN Local Market & Demographic Data

Married vs. single

Memphis, TN
  • 67% Single
  • 33% Married
  • 49% Single
  • 51% Married

Male VS. Female

Memphis, TN
  • 53% Female
  • 47% Male
  • 51% Female
  • 49% Male

Average Age of Citizens in Memphis, TN

  • 35
  • 39
  • Memphis, TN
  • Tennessee

Average Age of Homes in Memphis, TN

  • 33
  • 25
  • Memphis, TN
  • Tennessee

Vacant Homes in Memphis, TN

  • 12%
  • 11%
  • Memphis, TN
  • Tennessee

Average INCOME of Citizens

  • $53,391
  • $60,237
  • Memphis, TN
  • Tennessee

Owned Homes vs. Rented Homes

Memphis, TN
  • 45% Owned
  • 43% Rented
  • 59% Owned
  • 30% Rented