Property Prices in Memphis, TN, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.13 |
| Mortgage as Percentage of Income: | 18.36% |
| Loan Affordability Index: | 5.45 |
| Price to Rent Ratio - City Centre: | 6.53 |
| Price to Rent Ratio - Outside of Centre: | 5.78 |
| Gross Rental Yield (City Centre): | 15.33% |
| Gross Rental Yield (Outside of Centre): | 17.31% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $1,376.67 | |
| 1 Bedroom Apartment Outside of City Centre | $1,141.50 | |
| 3 Bedroom Apartment in City Centre | $1,974.00 | |
| 3 Bedroom Apartment Outside of City Centre | $1,798.00 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | $165.41 | |
| Price per Square Feet to Buy Apartment Outside of Centre | $126.13 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | $3,689.82 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.06 | |
These data are based on 81 entries from 16 contributors over the past 18 months.
Last update: 5 June 2026
Sources and References
Nearby Cities:| Property Prices in Bartlett, Tennessee | 13.40 miles |
| Property Prices in Olive Branch, Mississippi | 22.89 miles |
| Property Prices in Blytheville, Arkansas | 67.90 miles |
| Property Prices in Tupelo, Mississippi | 104.45 miles |
| Property Prices in Portageville, Missouri | 107.90 miles |
| Property Prices in Little Rock, Arkansas | 137.49 miles |
| Property Prices in Arlington, Kentucky | 148.07 miles |
| Property Prices in Melbourne, Arkansas | 158.42 miles |
| Property Prices in West Plains, Missouri | 174.97 miles |
| Property Prices in Pine Bluff, Arkansas | 177.11 miles |
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