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

Market Summary

Downtown, Shelby County, TN

Median Home Price Price

$85,036 $85K

Median Monthly Rent Rent

$1,192 $1.2K

GRM

6.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Downtown, TN is $1,192, with MoM change +$14 and YoY change +$59 pointing to positive momentum while volatility is low (std $13).

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Metric

Base market Downtown, TN

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Delta vs base

Median rent

$1,192

N/A

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Median price

$85,036

N/A

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YoY change

+$59

N/A

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Price-to-rent

5.9x

Data unavailable

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