NUMBEO

Property Prices in Memphis, TN, United States

Index Info
Price to Income Ratio: 1.12
Mortgage as Percentange of Income: 8.06%
Loan Affordability Index: 12.41
Price to Rent Ratio - City Centre: 4.81
Price to Rent Ratio - Outside of Centre: 4.05
Gross Rental Yield (City Centre): 20.79%
Gross Rental Yield (Outside of Centre): 24.71%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 912.20 $ 650.00-1,010.00
Apartment (1 bedroom) Outside of Centre 750.94 $ 500.00-997.00
Apartment (3 bedrooms) in City Centre 1,361.09 $ 1,030.83-2,200.00
Apartment (3 bedrooms) Outside of Centre 899.73 $ 731.67-1,200.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 82.09 $ 73.75-130.00
Price per Square Feet to Buy Apartment Outside of Centre 52.32 $ 37.00-82.60
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 3,236.36 $
Mortgage Interest Rate in Percentages (%), Yearly, Fixed-Rate 3.90 3.25-5.00

These data are based on 104 entries in the past 18 months from 17 different contributors.
Last update: December 2017

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