Learn more about homes in Memphis, TN

Relocating to Memphis, Tennessee

For those wanting to relocate to Memphis, is may come as a pleasant surprise that in a city with such a world-wide reputation, the real estate market isn’t clogged with over-priced homes. In fact, in 2007, Money magazine posted a list of the cities where real-estate buyers see their incomes go the furthest, and Memphis was ranked as #1 for having the most affordable homes. Real estate in Memphis comprises a variety of options from condominiums downtown to single family homes in quiet neighborhoods, and with a median home price of only $110,000, it’s easier than ever to move right in.

In the last couple decades, downtown living has been on the rise for singles on the go. One thing that makes downtown Memphis unique is that it is not only attractive to the jet-set types, but also to growing families. Downtown Memphis prides itself on having over 12 top-notch daycare and early education facilities. And the area provides plenty of kid-friendly recreation, including 300 acres of grassy park areas and the Mud Island River Park. When you look for real estate in downtown Memphis, there are hundreds of affordable condos and single-family homes to choose from.

If you prefer to live away from the city center, but still within reach, Memphis offers a variety of neighborhoods to fit your lifestyle. The Midtown area contains many historic neighborhoods, such as Vollintine-Evergreen, Cooper-Young, and Central Gardens. Central Gardens features elegant early 1900’s homes on quaint tree-lined streets, and is often listed in Memphis Magazine as being the best neighborhood in the city. All Midtown neighborhoods are in close proximity to the Memphis Zoo, Memphis College of Art, and the Brooks Museum of Art. Many of Memphis’ most prestigious homes are located in East Memphis, within the neighborhoods of Chickasaw Gardens and Cordova. These communities feature a mix of upscale and moderate homes, and contain several public parks and lakes, including the Memphis Botanic Garden and Audubon Park.

Memphis Home inventory breakdown by property type

Of the 667 homes for sale in Memphis, the breakdown of property types is as follows:
76% Single Family, 12% Land/lot, 3% Multi Family, 2% Rental and 7% Other.

76% Single Family
12% Land/lot
9% Other

Area details, home facts and figures

Homes for sale 667
Average Home Size 2,220 ft² / 206 m²
Price Range ($750 - $5,100,000)

Weather in Memphis

The average high temperatures in Memphis range from 48 in January to 91 in July

Average home income in Memphis

The average household income of a Memphis resident is $59,402 with an average home value of $134,855

Population of Memphis

Memphis has 703,743 residents.

Home ownership in Memphis

The average level of home ownership in Memphis is 53%.

Education breakdown of Memphis

Education levels of residents of Memphis include: highschool 30%, associate 5%, bachelor 15%, graduate 9%.

Households in Memphis

Memphis has 267,341 homes, built on average 48 years ago.

Information from in and around Memphis...

You are Viewing 1 to 20 of 667 homes for sale in Memphis. These homes are comprised of Single Family, Land/lot, Multi Family, Rental and Other. The average list price of these property results is 247,462. Prices are shown as US Dollar. For more information on these homes for sale in Memphis please contact our member brokerages to schedule a showing or view an open house.

The 667 homes for sale in Memphis, TN are represented by 2 member brokerages serving the Memphis area. Member brokerages representing the 667 homes include CRYE-LEIKE, Realtors and Marx-Bensdorf Realtors.