The median home in Memphis, Tennessee is valued at $141,489, down 2.8% year over year. Typical monthly rent is $1,232, producing a price-to-rent ratio of 9.6x — below the national average of 18x. Memphis is part of the Memphis, TN-MS-AR metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Memphis, TN-MS-AR stress score, crash risk, and 12-month forecast →

Home Value$141,489

-2.8%

Rent$1,232/mo

AFFORDABILITY

Enter your income for Memphis.

Income (annual)

Down Payment

$28,298 on $141,489

Affordable — 15.5% of income

Under the 28% guideline.

PITI$966

P/I15.5%

Afford$256K

Room+$115K

P&I $715Tax $84Ins $167

Buying $266/mo cheaper ($1,232 rent)6.50% 30yr, 20% down, county tax + TN ins. 28% per HUD.

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

Other cities in Tennessee

Compare Memphis with other housing markets across Tennessee.

Brentwood$1395K College Grove$1225K Arrington$1132K Lookout Mountain$977K Franklin$904K Nolensville$819K Thompsons Station$728K Eads$681K

Full Memphis, TN-MS-AR analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Memphis, TN-MS-AR metro.

View Memphis, TN-MS-AR metro →

MEMPHIS, TN