Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Midtown-Memphis area can be challenging. Home prices in Midtown-Memphis are now at a median cost of $168,976, lower than the Memphis average of $186,591.
The average cost of rent is $977/mo in Midtown-Memphis, primarily driven by the current value of real estate in the Midtown-Memphis area. While nearly 51.36% of residents own their homes outright in Midtown-Memphis, 53.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Midtown-Memphis is $4,126 per month. Households that rent pay about 23.67% of their income on rent here. Midtown-Memphis's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Crosstown, Memphis, TN: higher priced homes
- Medical District, Memphis, TN: equally priced homes
- Downtown Memphis, Memphis, TN: higher priced homes
- East Memphis-Colonial-Yorkshire, Memphis, TN: higher priced homes
- Berclair-Highland Heights, Memphis, TN: less expensive homes
- Shelby Forest-Frayser, Memphis, TN: less expensive homes
- Raleigh, Memphis, TN: less expensive homes
- Parkway Village-Oakhaven, Memphis, TN: less expensive homes
- White Haven-Coro Lake, Memphis, TN: less expensive homes
- River Oaks-Kirby-Balmoral, Memphis, TN: higher priced homes
Neighborhoods with Similar Populations
- Mid City West, Los Angeles, CA: higher priced homes
- Southwest Ada, Boise, ID: higher priced homes
- South Dorchester, Boston, MA: higher priced homes
- Richmond, Philadelphia, PA: less expensive homes
- Pico-Robertson, Los Angeles, CA: higher priced homes
- Northeast, Anaheim, CA: higher priced homes
- North Ironbound, Newark, NJ: higher priced homes
- North Dallas, Dallas, TX: higher priced homes
- North Arlington, Arlington, TX: higher priced homes
- New Brighton, Staten Island, NY: higher priced homes
All Local Stats
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