Property Prices in Memphis, TN, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 1.92 |
| Mortgage as Percentage of Income: | 17.25% |
| Loan Affordability Index: | 5.80 |
| Price to Rent Ratio - City Centre: | 5.92 |
| Price to Rent Ratio - Outside of Centre: | 6.17 |
| Gross Rental Yield (City Centre): | 16.89% |
| Gross Rental Yield (Outside of Centre): | 16.22% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,121.33 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,072.22 $ | |
| Apartment (3 bedrooms) in City Centre | 1,759.55 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,700.83 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 126.83 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 126.83 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,563.43 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.58 |
These data are based on 120 entries in the past 18 months from 22 different contributors.
Last update: July 2024
Sources and References
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