Median owner-occupied home value
$169,000± $3,795 margin of errorEstimated by homeowners; not a current sale price.
Memphis, TN housing and neighborhood guide
Home values, rents and population for Memphis from the U.S. Census Bureau, with local resources and the questions to ask before you move.
The housing picture
2020–2024 American Community Survey · Memphis city, Tennessee
Median monthly gross rent
$1,181± $12 margin of errorContract rent plus applicable utility and fuel costs.
Population
618,980± 62 margin of errorResidents within the Census place boundary.
Housing units
289,887± 1,402 margin of errorOccupied and vacant housing units.
Occupied housing units
253,120± 1,828 margin of errorHomes occupied by owners or renters.
Owner-occupied housing units
113,608± 2,125 margin of errorOccupied homes in which the owner lives.
Source: U.S. Census Bureau, 2024 ACS 5-year ↗. Retrieved Sep 28, 2026. Place ID: 4748000. Dollar amounts are in 2024 dollars. Survey estimates describe a period, not a live housing market.
View the Census data tables
2020–2024 ACS five-year estimates. Dollar amounts are in 2024 dollars; published margins of error use a 90% confidence level. These downloadable source tables cover all Census geographies.
Explore Memphis, one address at a time.
Local resources reviewed .
Separate permit activity from pending planning applications
Memphis's building-and-zoning directory links Develop 901 permit-history searches and a project-location map. A separate pending-applications link provides documents for adjustment, land-use and landmarks cases. Check which record you are reading before drawing conclusions about a project.
Open local resourceCheck the geographic scope of the development code
Develop 901 identifies its Unified Development Code as the zoning and subdivision code for Memphis and unincorporated Shelby County. Its page links the zoning atlas and current update materials; confirm the jurisdiction rather than applying the code to every municipality in the county.
Open local resourceQuestions about Memphis
Which area does the Memphis-area Unified Development Code cover?
Develop 901 states that the code covers the City of Memphis and unincorporated Shelby County. That description does not establish coverage for every separately incorporated city in Shelby County; confirm the property's jurisdiction first.
Source: develop901.com ↗What is the median home value in Memphis?
The 2020–2024 ACS estimate for the median value of owner-occupied homes in Memphis is $169,000 in 2024 dollars. This describes owner-reported values over a five-year period. For a purchase or sale today, request recent comparable transactions for the specific neighborhood and property type.
What is the median rent in Memphis?
The 2020–2024 ACS median monthly gross rent for Memphis is $1,181 in 2024 dollars. Gross rent includes contract rent and applicable utility and fuel costs. It is a historical survey estimate, not today's asking rent or a quote for an individual property.
Does this describe a specific neighborhood?
These figures cover Memphis city, Tennessee. City boundaries, ZIP codes, school attendance areas, and named neighborhoods can differ. Use a property's address to check the details that matter to you; a city-wide median will not describe every block or home.
How can I compare Memphis with another place?
Use the city comparison to view figures from the same ACS release side by side. Then compare current property choices, your actual commute, and address-specific conditions. Differences between survey estimates can fall within their margins of error; the comparison does not rank which place is best.