Property Prices in Memphis, TN, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.07 |
| Mortgage as Percentage of Income: | 18.68% |
| Loan Affordability Index: | 5.35 |
| Price to Rent Ratio - City Centre: | 6.48 |
| Price to Rent Ratio - Outside of Centre: | 6.61 |
| Gross Rental Yield (City Centre): | 15.44% |
| Gross Rental Yield (Outside of Centre): | 15.13% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,187.14 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,131.43 $ | |
| Apartment (3 bedrooms) in City Centre | 1,571.43 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,609.38 $ | |
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) | 3,561.24 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.58 |
These data are based on 111 entries in the past 18 months from 31 different contributors.
Last update: March 2025
Sources and References
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Nearby cities:| Property Prices in Bartlett, Tennessee | 13.40 miles |
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| Property Prices in Tupelo, Mississippi | 104.45 miles |
| Property Prices in Portageville, Missouri | 107.90 miles |
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| Property Prices in Arlington, Kentucky | 148.07 miles |
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| Property Prices in West Plains, Missouri | 174.97 miles |
| Property Prices in Jackson, Mississippi | 209.55 miles |
| Property Prices in Nashville, Tennessee | 209.61 miles |
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