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The median home value in Memphis, TN is $144,877 as of 2026-07-31, down 2.85% from a year earlier.
Median Home Value
$144,877
Year-over-Year
-2.85%
Population
613,207
Memphis ranks #89 of 89 Tennessee cities tracked here by median home value, and sits 54.1% below the state's city median of $315,874. It sits in Shelby County, where the county-wide median is $219,859.
Median household income in Memphis is $51,736, so the typical home value is about 2.8× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
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).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Memphis, that value is $144,877. That's down 2.85% from a year earlier. It is about 54.1% below the typical Tennessee city tracked here.
Homes in Memphis are cheaper than Shelby County as a whole, where the median is $219,859 — a difference of about 34.1%.
Median household income here is $51,736, so the typical home value is about 2.8× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
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.