Memphis Real Estate Market Conditions

  • Median sales price

    $225,000
    21.96% change since last quarter
  • # Active listings

    10
    30-day change

Memphis Schools and Demographics

Education near Memphis, MI

City County
High School Graduates 89.31 89.29
College Degree - 2 year 13.33 10.63
College Degree - 4 year 9.94 24.22
Graduate Degree 2.52 6.76
Expenditures per Student 10,457 12,205
Students per Teacher 18.1 20.4

Elementary Schools near Memphis, MI

Grades Students P/T Ratio ZIP
Capac Elementary School PK - 05 465 18.2 48014
John F. Farrell-Emmett Elementary School PK - 05 222 18.1 48022
Memphis Elementary School PK - 05 397 14.4 48041
Orville C. Krause Early Elementary School PK - 02 333 17.9 48005
Orville C. Krause Later Elementary School 03 - 05 402 22.7 48005
Will L. Lee School PK - 04 472 19.1 48062

Middle Schools near Memphis, MI

Grades Students P/T Ratio ZIP
Armada Middle School 06 - 08 454 21 48005
Capac Middle School 06 - 08 278 20.9 48014
Memphis Community Schools Virtual Academy KG - 12 0 48041
Richmond Middle School 05 - 08 454 20.4 48062

High Schools near Memphis, MI

Grades Students P/T Ratio ZIP
Armada High School 09 - 12 699 24.4 48005
Capac High School 09 - 12 381 20.3 48014
Memphis Junior/Senior High School 06 - 12 521 22.1 48041

Ungraded Schools near Memphis, MI

Grades Students P/T Ratio ZIP
* Armada Continuing Education Center 09 - 12 22 20 48005
* Capac Adult and Community Education 09 - 12 13 13 48014
Capac Virtual Education Program 06 - 12 30 200 48014

Demographics near Memphis, MI

City County
Neighborhood Type Suburban
Population 1,250 864,019
Population Density 1,114 1,803
Median Age 38 41
People per Household 2.4 2.5
Median Household Income 39,844 58,175
Average Income per Capita 22,522 29,740

Memphis Real Estate

The median home value in Memphis, MI is $225,000. This is higher than the county median home value of $176,700. The national median home value is $219,700. The average price of homes sold in Memphis, MI is $225,000. Approximately 61.65% of Memphis homes are owned, compared to 34.31% rented, while 4.04% are vacant. Memphis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Memphis real estate agent to arrange a tour today!

Memphis, Michigan has a population of 1,250. Memphis is more family-centric than the surrounding county with 42.42% of the households containing married families with children. The county average for households married with children is 29.85%.

The median household income in Memphis, Michigan is $39,844. The median household income for the surrounding county is $58,175 compared to the national median of $57,652. The median age of people living in Memphis is 38 years.

Memphis Weather

The average high temperature in July is 82.6 degrees, with an average low temperature in January of 17.1 degrees. The average rainfall is approximately 33.2 inches per year, with 31.7 inches of snow per year.