Memphis, Shelby County, TN Housing Trends, Rent, Price-to-Rent

Market Summary

Memphis, Shelby County, TN

Median Home Price Price

$143,482 $143.5K

Median Monthly Rent Rent

$1,334 $1.3K

GRM

9.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Memphis, TN is $1,334, with MoM change +$12 and YoY change +$49 pointing to positive momentum while volatility is low (std $12).

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Metric

Base market Memphis, TN

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Delta vs base

Median rent

$1,334

N/A

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Median price

$143,482

N/A

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YoY change

+$49

N/A

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Price-to-rent

9.0x

Data unavailable

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