Memphis, TN

Memphis is a city in the state of tennessee with a population of roughly 408,571. It is in Shelby County, Tennessee the Memphis, TN-MS-AR core-based statistical areas (CBSA), and the Memphis-Forrest City, TN-MS-AR combined statistical area (CSA).Its Zip codes include 38128 ,38134 .

The Rise and Fall of Memphis Home Prices

The Memphis metropolitan area is home to over 1.3 million people, making it the largest city in Tennessee and the 22nd largest in the United States. The city of Memphis is located in Shelby County, which has a population of just over 1 million people. The Memphis metropolitan area also includes towns and villages such as Bartlett, Collierville, Germantown, Olive Branch, Whitehaven and others.

Real estate in Memphis is a hot commodity due to its location and affordability. The city has a population of well-educated professionals who are looking for suburban living without sacrificing access to downtown amenities. There are plenty of neighborhoods to choose from with all types of housing options available – single family homes, townhomes/condos/apartments, and even new construction – so everyone can find what they’re looking for.

The median home price in Memphis was $130,000 as of September 2017 according to Zillow data. This makes it one of the more affordable cities in the country for buyers who are looking for a starter home or an investment property. Additionally, there are plenty of rental properties available throughout the metro area – both furnished and unfurnished – at prices that won’t break the bank.

The market for real estate in Memphis is constantly changing due to new development projects coming online or existing properties being sold or leased out at higher prices than usual. However, if you’re looking to buy or sell property in this region, our team at Keller Williams Realty® would be happy to help you navigate through the process!

Price Index: Memphis, TN-MS-AR

Zip codes in Memphis


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