Memphis Real EstateThe median home value in Memphis, TN is $195,000. This is higher than the county median home value of $131,400. The national median home value is $219,700. The average price of homes sold in Memphis, TN is $195,000. Approximately 63.54% of Memphis homes are owned, compared to 27.21% rented, while 9.24% 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, Tennessee has a population of 654,723. Memphis is less family-centric than the surrounding county with 20.14% of the households containing married families with children. The county average for households married with children is 25.49%. The median household income in Memphis, Tennessee is $38,230. The median household income for the surrounding county is $48,415 compared to the national median of $57,652. The median age of people living in Memphis is 33.7 years. Memphis WeatherThe average high temperature in July is 91.3 degrees, with an average low temperature in January of 31 degrees. The average rainfall is approximately 54.3 inches per year, with 3.2 inches of snow per year. Nearby Homes for Sale |