NUMBEO

Property Prices in Memphis, TN, United States

Index Info
Price to Income Ratio: 1.53
Mortgage as Percentange of Income: 11.36%
Loan Affordability Index: 8.80
Price to Rent Ratio - City Centre: 5.73
Price to Rent Ratio - Outside of Centre: 3.79
Gross Rental Yield (City Centre): 17.45%
Gross Rental Yield (Outside of Centre): 26.37%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 885.86 $ 650.00-1,100.00
Apartment (1 bedroom) Outside of Centre 833.77 $ 550.00-997.00
Apartment (3 bedrooms) in City Centre 1,273.73 $ 800.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 956.76 $ 731.67-1,400.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 93.58 $ 79.75-125.00
Price per Square Feet to Buy Apartment Outside of Centre 53.64 $ 40.00-90.00
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,594.51 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.26 3.25-5.00

These data are based on 101 entries in the past 18 months from 18 different contributors.
Last update: July 2018

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