Memphis Metro Area Housing

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As of 2010-2014, median price of a house in Memphis Area is $133,700, which is lower than the national average of $175,700. The median year that a house in Memphis Area was built is 1979, which is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 303,635 Owner Occupied Houses in Memphis Area, #368

Memphis Area	133,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Memphis Area	3.00%
U.S.	46.91%

*The Memphis Area median house price growth rate is since 2005-2009. The and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Memphis Area	%	U.S.
Total Housing Units	559,091, see rank	100%	132,741,033
Occupied Housing Units	489,161	87.49%, see rank	87.55%
Owner Occupied	303,635	54.31%, see rank	56.34%
Renter Occupied	185,526	33.18%, see rank	31.21%
Vacant Housing Units	69,930	12.51%, see rank	12.45%
For Rent	23,834	4.26%, see rank	2.34%
For Sale Only	6,915	1.24%, see rank	1.20%
Rented or Sold, Not Occupied	5,208	0.93%, see rank	0.92%
For Seasonal, Recreational, or Occasional Use	3,995	0.71%, see rank	3.97%
For Migrant Workers	23	0.00%, see rank	0.03%
Other Vacant	29,955	5.36%, see rank	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #299

Memphis Area	U.S.
1979	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Memphis Area	%	U.S.
Owner-Occupied Units	303,635	100%	74,787,460
With a Mortgage	212,282	69.91%, see rank	65.58%
Without a Mortgage	91,353	30.09%, see rank	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Memphis Area	1,330 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Memphis Area	%	U.S.
$299 or Less	309	0.15%, see rank	0.20%
$300 to $499	2,965	1.40%, see rank	1.59%
$500 to $699	11,591	5.46%, see rank	5.01%
$700 to $999	39,414	18.57%, see rank	14.32%
$1,000 to $1,499	75,292	35.47%, see rank	27.90%
$1,500 to $1,999	43,243	20.37%, see rank	20.35%
$2,000 to $2,999	29,331	13.82%, see rank	19.52%
$3,000 or More	10,137	4.78%, see rank	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Memphis Area	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Memphis Area	%	U.S.
10% or Less	11,312	5.33%, see rank	5.86%
10% to 20%	71,780	33.81%, see rank	31.95%
20% to 30%	59,548	28.05%, see rank	27.64%
30% to 40%	27,441	12.93%, see rank	13.74%
40% or More	40,619	19.13%, see rank	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Memphis Area	439 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Memphis Area	%	U.S.
$199 or Less	6,162	6.75%, see rank	7.76%
$200 to $299	14,672	16.06%, see rank	14.70%
$300 to $499	35,089	38.41%, see rank	34.63%
$500 to $699	19,671	21.53%, see rank	21.16%
$700 or More	15,759	17.25%, see rank	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Memphis Area	11.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Memphis Area	%	U.S.
10% or Less	37,806	41.38%, see rank	40.19%
10% to 20%	28,638	31.35%, see rank	31.47%
20% to 30%	10,183	11.15%, see rank	12.24%
30% to 40%	5,459	5.98%, see rank	5.64%
40% or More	7,634	8.36%, see rank	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Memphis Area	%	U.S.
Total Housing Units	559,091	100%	132,741,033
1-unit, Detached	389,820	69.72%, see rank	61.65%
1-unit, Attached	18,247	3.26%, see rank	5.82%
2 Units	12,203	2.18%, see rank	3.75%
3 or 4 Units	24,222	4.33%, see rank	4.43%
5 to 9 Units	42,675	7.63%, see rank	4.78%
10 or More Units	50,607	9.05%, see rank	13.08%
Mobile Home, Boat, RV, Van, etc.	21,317	3.81%, see rank	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Memphis Area	%	U.S.
Total Housing Units	559,091	100%	132,741,033
1 Room	5,956	1.07%, see rank	1.95%
2 Rooms	5,458	0.98%, see rank	2.48%
3 Rooms	39,652	7.09%, see rank	9.13%
4 Rooms	89,311	15.97%, see rank	16.60%
5 Rooms	120,425	21.54%, see rank	20.41%
6 Rooms	108,266	19.36%, see rank	18.06%
7 Rooms	75,564	13.52%, see rank	12.27%
8 Rooms	48,614	8.70%, see rank	8.48%
9 Rooms or More	65,845	11.78%, see rank	10.60%
Median Rooms	5.70, see rank	-	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Memphis Area	%	U.S.
Total Housing Units	559,091	100%	132,741,033
No Bedroom	6,383	1.14%, see rank	2.17%
1 Bedroom	48,151	8.61%, see rank	11.16%
2 Bedrooms	130,385	23.32%, see rank	26.69%
3 Bedrooms	251,371	44.96%, see rank	39.70%
4 Bedrooms	97,010	17.35%, see rank	16.05%
5 or More Bedrooms	25,791	4.61%, see rank	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Memphis Area	%	U.S.
Total Housing Units	489,161	100%	116,211,092
Utility Gas	267,211	54.63%, see rank	48.85%
Bottled, Tank, or LP Gas	20,192	4.13%, see rank	4.86%
Electricity	197,276	40.33%, see rank	36.68%
Fuel Oil, Kerosene, etc.	590	0.12%, see rank	5.86%
Coal or Coke	30	0.01%, see rank	0.12%
Wood	2,470	0.50%, see rank	2.12%
Solar Energy	18	0.00%, see rank	0.05%
Other Fuel	443	0.09%, see rank	0.47%
No Fuel Used	931	0.19%, see rank	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Memphis Area	%	U.S.
Occupied Units Paying Rent	175,397	100%	39,201,928
$199 or Less	2,109	1.20%, see rank	1.50%
$200 to $299	4,331	2.47%, see rank	3.18%
$300 to $499	11,483	6.55%, see rank	7.37%
$500 to $699	33,473	19.08%, see rank	16.01%
$700 to $999	67,723	38.61%, see rank	29.17%
$1,000 to $1,499	45,537	25.96%, see rank	26.88%
$1,500 to $1,999	7,957	4.54%, see rank	9.79%
$2,000 or More	2,784	1.59%, see rank	6.10%
Median	$850, see rank	-	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Memphis Area	%	U.S.
Occupied Housing Units	489,161	100%	116,211,092
No Vehicles Available	39,364	8.05%, see rank	9.12%
1 Vehicles Available	176,824	36.15%, see rank	33.80%
2 Vehicles Available	180,349	36.87%, see rank	37.48%
3 or More Vehicles Available	92,624	18.94%, see rank	19.61%

*Based on 2010-2014 data. View historical vehicle available data.