Home values, rents and more in the Memphis metro area
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Memphis metro in ProMap- Under $110k
- $110k–$150k
- $150k–$180k
- $180k–$210k
- $210k+
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How the Memphis metro compares
The typical home in the Memphis metro area is worth about $242,000, according to the Zillow Home Value Index for September 2026. Home values in the Memphis metro are 27% below the typical value in Tennessee ($331,000) and 34% below the U.S. typical value ($366,000).
Over the past year, home values in the Memphis metro rose 0.1%, compared with +0.6% in Tennessee and +1.2% nationally.
Typical rent is $1,393 a month (Zillow Observed Rent Index), 12% below Tennessee ($1,576) and 28% below the U.S. ($1,932). Rents rose 1.1% over the past year.
The median household income is $66,401, against $69,595 in Tennessee and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 1,341,412 people live in the Memphis metro (Census Bureau estimate for July 2025).
The Memphis metro has the 411th-lowest typical home value of the 923 metro areas in the United States and the 7th-lowest of 27 in Tennessee with Zillow figures.
Part of: Arkansas · Mississippi · Tennessee
More for the Memphis metro in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- School test scores
- Flood, wildfire and natural hazard risk
- Property-tax rate
- Unemployment and job growth
- Building permits
- Mortgage delinquency
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby metro areas
Counties in the Memphis metro
Cities in the Memphis metro
- Memphis, TN $152,000
- Bartlett, TN $318,000
- Southaven, MS $273,000
- Collierville, TN $503,000
- Olive Branch, MS $334,000
- Germantown, TN $481,000
- Horn Lake, MS $202,000
- West Memphis, AR $131,000
- Hernando, MS $347,000
- Arlington, TN $407,000
- Lakeland, TN $447,000
- Marion, AR $240,000
- Millington, TN $235,000
- Atoka, TN $348,000
- Oakland, TN $351,000
- Covington, TN $205,000
- Senatobia, MS $250,000
- Holly Springs, MS $172,000
- Munford, TN $284,000
- Somerville, TN $288,000
- Brighton, TN $267,000
- Piperton, TN $672,000
- Byhalia, MS $272,000
- Earle, AR $67,997
- Walls, MS $260,000
- Coldwater, MS $253,000
- Rossville, TN $538,000
- Mason, TN $187,000
- Tunica, MS $147,000
- Moscow, TN $281,000
- Ashland, MS $135,000
- Hickory Flat, MS $161,000
- Gilt Edge, TN $222,000
- Williston, TN $327,000
- Horseshoe Lake, AR $143,000
- Burlison, TN $193,000
- Potts Camp, MS $158,000
- Snow Lake Shores, MS $178,000
- Garland, TN $218,000
- Waterford, MS $184,000
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.