The median home in Memphis, Michigan is valued at $311,320, up 5.8% year over year. Memphis is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$311,320

+5.8%

Prices rising — worse for buyers.

Affordability

Enter your income for Memphis.

Income (annual)

Down Payment

$62,264 on $311,320

Example: $75,000 household income. Change it above to see your own.

Stretch33.7% of income

Above 28% but manageable with cuts.

PITI$2,107

P/I33.7%

Afford$259K

Gap-$53K

P&I $1,574Tax $400Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Memphis with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro

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Memphis, MI