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Median Home Price in Memphis, TN

The median home value in Memphis, TN is $146,746 as of 2026-06-30, down 2.96% from a year earlier.

Median Home Value

$146,746

Year-over-Year

-2.96%

Population

613,207

Memphis ranks #89 of 89 Tennessee cities tracked here by median home value, and sits 54.0% below the state's city median of $319,178. It sits in Shelby County, where the county-wide median is $222,012.

Crime in Memphis

Memphis police recorded a violent crime rate of 2,501 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 6,899 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Memphis

How much does a house cost in Memphis, TN?

The median home value in Memphis is $146,746. That's down 2.96% from a year earlier. That is about 54.0% below the typical county in Tennessee.

Is Memphis expensive compared to the surrounding area?

Homes in Memphis are cheaper than Shelby County as a whole, where the median is $222,012 — a difference of about 33.9%.

Is Memphis a safe place to live?

Memphis police reported 2,501 violent crimes per 100,000 residents, covering a population of about 613,207. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.