City

MEMPHIS, TN

Memphis, TN-MS-AR

Median home value: $141K (-2.8% YoY). Rent: $1,232/mo. Price-to-rent: 9.6x. Part of Memphis, TN-MS-AR.

Limited Data

Basic Zillow data only. For stress scores, AI analysis, and trends, Memphis, TN-MS-AR metro page.

Home Value$141,489
-2.8%
Rent$1,232/mo
AFFORDABILITY

Enter your income for Memphis.

$28,298 on $141,489
Affordable — 14.9% of income

Under the 28% guideline.

PITI$929
P/I14.9%
Afford$267K
Room+$125K
P&I $679Tax $84Ins $167
Buying $303/mo cheaper ($1,232 rent)6.00% 30yr, 20% down, county tax + TN ins. 28% per HUD.
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Memphis Housing Market | CrashWatch