Property Prices in Memphis, TN, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.09 |
| Mortgage as Percentage of Income: | 18.81% |
| Loan Affordability Index: | 5.32 |
| Price to Rent Ratio - City Centre: | 6.50 |
| Price to Rent Ratio - Outside of Centre: | 6.78 |
| Gross Rental Yield (City Centre): | 15.39% |
| Gross Rental Yield (Outside of Centre): | 14.75% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,162.50 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,113.75 $ | |
| Apartment (3 bedrooms) in City Centre | 1,612.50 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,546.88 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 137.28 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 137.28 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,537.43 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.58 |
These data are based on 116 entries in the past 18 months from 32 different contributors.
Last update: February 2025
Sources and References
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