TN area data
Memphis, TN
Aggregated across 24 ZIP codes in Memphis.
Population: 591,074 (Census ACS)
The median home value in Memphis, TN is $178,672 — down 3.5% over the past year. Homes sell for a median $205,410 after a median 62 days on market. Typical rent runs $1,294/month. 196 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, tornado, earthquake the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).
$178,672
Median home value
-3.5%
1-year change
62
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $178,672
- 1-year appreciation
- -3.5%
- 3-year appreciation
- -3.8%
- 5-year appreciation
- +9.8%
- 10-year appreciation
- +108.4%
- All-time peak (2022-07)
- $195,728
- House Price Index (state)
- 475.9 (+0.5% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $205,410
- Median list price
- $218,112
- Median price per sqft
- $116
- 1-year sale-price change
- +17.0%
- Median days on market
- 62 days
- Homes sold (recent period)
- 30
- For-sale inventory
- 3,264
- Sale-to-list ratio
- 95.0%
- Active listings
- 65
- 1-year forecast
- -0.2%
- Days to pending
- 63 days
- New listings (monthly)
- 723
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,294/mo
- 1-year rent change
- +2.2%
- Studio fair-market rent
- $1,098/mo
- 1BR fair-market rent
- $1,198/mo
- 2BR fair-market rent
- $1,325/mo
- 3BR fair-market rent
- $1,749/mo
- 4BR fair-market rent
- $2,038/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Below Average)
- 90.5 (100 = US avg)
- Electricity rate (state-level)
- 13.2¢/kWh
- Natural gas rate (state-level)
- $11.80/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 196
- Elementary schools
- 104
- Middle schools
- 34
- High schools
- 44
- Charter schools
- 56
- School districts serving the area
- Memphis-Shelby County Schools, Achievement School District, Bartlett
- Schools include
- Downtown Elementary, Memphis Grizzlies Preparatory Charter School, Medical District High School, Bellevue Middle, Bruce Elementary
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively High
- Top hazards (county)
- coldWave, tornado, earthquake, heatWave, iceStorm
- Notable hazard ratings (county)
- coldWave: Very High · drought: Relatively Low · earthquake: Relatively High · heatWave: Relatively High · hurricane: Relatively Low · iceStorm: Relatively High
- FEMA flood zone (varies by location)
- includes AE
- Flood risk level
- High
- Wildfire risk to homes (county)
- Higher than 41% of US counties
- Buildings in wildfire direct-exposure zone
- 22.5%
- Radon potential (county)
- Low radon potential — EPA Zone 3 of 3
- EPA Superfund (NPL) sites within 5 mi
- 2
- Nearest Superfund site
- Former Custom Cleaners (0.3 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 63.9°F
- Average high
- 73.0°F
- Average low
- 54.0°F
- Annual precipitation
- 56.1 in
- Annual snowfall
- 3.1 in
- USDA plant hardiness zone
- 8a (extreme annual low 10 to 15°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Moderate
- Median AQI (annual)
- 52
- Days with Good air quality
- 154
- Days with Moderate air quality
- 202
- Days with Unhealthy air quality
- 3
- Highest AQI recorded (year)
- 141
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 11.7 / 20
- Transit service frequency
- -21,393
- Jobs reachable by car (30 min)
- 106,077
- Jobs reachable by transit (45 min)
- 82,608
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 4
- Nearest national park
- Trail Of Tears National Historic Trail (57 mi)
- Airports within 30 mi
- 882
- Nearest airport
- Treasure Island Airport (1 mi)
- Nearest major airport
- Memphis International Airport (MEM) (2 mi)
- Hospitals nearby (~15 mi)
- 25
- Hospitals include
- REGIONAL ONE HEALTH, MEMPHIS MENTAL HEALTH INSTITUTE, METHODIST HOSPITALS OF MEMPHIS
- Avg hospital rating (CMS)
- 2.7 / 5
- Best hospital rating nearby (CMS)
- 4.1 / 5
- EV charging stations (within 10 mi)
- 4
- Solar radiation rating
- Fair (4.4 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -3,845 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,970
- Housing built before 1970
- 50.7%
- Housing built 2000 or later
- 14.7%
- Median annual property tax
- $2,114
- Mean commute to work
- 20 min
- Households with broadband internet
- 66.1%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 427,155
- Average weekly wage
- $1,346
- Top industries (by employment)
- Health Care, Administrative Services, Accommodation & Food
- Annual residential building permits (county)
- 642
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| Memphis | State median | US median | |
|---|---|---|---|
| Median home value | $178,672 | $269,649 | $289,727 |
| Median sale price | $205,410 | $315,000 | $325,000 |
| Median days on market | 62 days | 73 days | 51 days |
| Typical rent | $1,294/mo | $1,597/mo | $1,808/mo |
| Median annual property tax | $2,114 | $970 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in Memphis, TN?
- $178,672.
- What is the median sale price in Memphis, TN?
- $205,410.
- How long do homes take to sell in Memphis, TN?
- Median days on market: 62 days.
- What is typical rent in Memphis, TN?
- Typical rent: $1,294/month.
- What is the natural-hazard risk in Memphis, TN?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, tornado, earthquake, heatWave, iceStorm.
- Is Memphis, TN in a flood zone?
- High (FEMA NFIP). Parts of the area include FEMA flood zone AE; zones vary by location within the city.
- What is the wildfire risk in Memphis, TN?
- Risk to homes is higher than 41% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in Memphis, TN?
- Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near Memphis, TN?
- 2 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Former Custom Cleaners, 0.3 mi.
- How many schools serve Memphis, TN?
- 196 schools (104 elementary, 34 middle, 44 high) (NCES, 2022-23).
- Is Memphis, TN walkable?
- Walkability index: 11.7/20 (EPA Smart Location Database).
- What is the air quality in Memphis, TN?
- Moderate. Median AQI: 52. (EPA AQI).
- What is the cost of living in Memphis, TN?
- Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
ZIP codes in Memphis
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →