City Guide
Memphis, TN
Overview
Memphis, TN is famous for being the home of the blues and the birthplace of Rock 'n' Roll. Memphis has 651,011 people, so it will keep you entertained and will provide you with endless fun opportunities. An interesting detail about living in Memphis is that its name means "established" and "beautiful". Memphis is mentioned in more songs than any other city in the world.
What’s it like to live in Memphis, TN ?
If you're looking to buy a home for sale in Memphis, TN you'll find that the median sale price is
$202,625
and homes stay on the market for 31 days. You'll find that the median sale prices of
a single family home and a condo/co-op in Memphis are $215,500
and $165,000
, respectively. Memphis area townhouses have a median sale price of $180,000
, making them less expensive
than single family homes. If you’re not ready to buy a home, consider one of the many apartments for rent in Memphis, TNExplore our Memphis housing market page for insights about how home values have changed over
the years and how Memphis home prices compare to other markets. Explore our Memphis rental market trends page for insights about how rental prices have changed and how Memphis rental prices compare to other rental markets. If you're curious about the most valuable home features in Memphis, or looking for a new home improvement project,
discover what home features and design trends may help increase your home's value.
Popular neighborhoods in and around Memphis
| Neighborhood | Median Sale Price | Compete Score | Walk Score | Real Estate |
|---|---|---|---|---|
| Downtown Memphis | $230,000 | 22 / 100 | -- | For SaleFor Rent |
| East Memphis | $320,000 | 47 / 100 | -- | For SaleFor Rent |
| Midtown | $321,500 | 40 / 100 | -- | For SaleFor Rent |
| Cordova | $310,000 | 63 / 100 | 27 / 100 | For SaleFor Rent |
| Mud Island | $387,450 | 48 / 100 | -- | For SaleFor Rent |
Memphis Articles & Neighborhood Content
Read more on the Redfin blog
Popular homes for sale in Memphis
See all homes for sale
Rental listings in Memphis
See how much rent you can affordSee all rental listings
What is the cost of living in Memphis?
The cost of living in Memphis is 10% lower than the national average. Housing is typically the largest expense for most American households. In Memphis, the average monthly rent is $1,584, while the median home price is $202,625. Overall, housing in Memphis is 54% lower than the national average. Groceries, like produce, dry goods, and other essential household items, cost 1% lower in Memphis. Though healthcare costs 15% lower in Memphis compared to the national average, costs vary greatly by location, person, personal health, and health insurance. In Memphis, an optometry check-up costs around $85.86, while a dentist appointment is $99.90 on average. Learn more about the cost of living in Memphis. Discover how utilities, transportation, and lifestyle, compares against the national average.
Compared to the national average
10%
Cost of living
54%
Home prices
Cost of living calculator
Compare cities across the U.S.
Memphis Migration & Relocation Trends
In Feb '25 - Apr '25, 28% of Memphis homebuyers searched to move out of Memphis, while 72% looked to stay within the metropolitan area.
- Across the nation, 0.32% of homebuyers searched to move into Memphis from outside metros.
- Knoxville homebuyers searched to move into Memphis more than any other metro followed by Shreveport and Los Angeles.
Where are people moving to Memphis from?
- 72% of Memphis homebuyers searched to stay within the Memphis metropolitan area.
- Little Rock was the most popular destination among Memphis homebuyers followed by Fayetteville and Destin.
Where are people from Memphis moving to?
Number of People Moving to Memphis
least
most
People are moving to Memphis from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 357 | ||
| 2 | 273 | ||
| 3 | 240 | ||
| 4 | 176 | ||
| 5 | 166 | ||
| 6 | 142 | ||
| 7 | 140 | ||
| 8 | 132 | ||
| 9 | 109 | ||
| 10 | 108 | ||
People are leaving Memphis for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 186 | ||
| 2 | 46 | ||
| 3 | 33 | ||
| 4 | 25 | ||
| 5 | 19 | ||
| 6 | 13 | ||
| 7 | 12 | ||
| 8 | 12 | ||
| 9 | 12 | ||
| 10 | 11 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
What is there to do in Memphis, TN ?
Some of the most popular things to do in Memphis, TN, range from visiting local parks, checking out some of the best restaurants in town, and enjoying local art. Home to 41 museums, add these popular destinations to your list - National Civil Rights Museum, Dixon Gallery and Gardens, and Stax Museum of American Soul Music. You'll find that there's a rich arts and culture scene, with many performing arts centers such as Orpheum Theatre and Cannon Center For The Performing Arts. There are countless parks and green spaces within the city, including Shelby Farms Park, Overton Park, Mississippi Greenbelt Park that you can easily spend the evening in. There are a variety of unique eateries and restaurants that appeal to every palette in the city. Don't miss out on local favorites like Houston's Restaurant, J. Alexander's Restaurant, and Flight Restaurant & Wine Bar.
Explore some of the best things to do in Memphis
What's the best way to get around Memphis, TN ?
The best way to get around Memphis is by car, but there are many methods for getting around the city. If you’re exploring the city by foot, Memphis has a walk score of 35, meaning this area is car dependent. Another way to get around the city is by public transportation. Memphis has a transit score of 22, and almost all errands require a car. Most bus stations and rail stations are located in 38103, 38131 and 38118. You can also get around Memphis by bike. With a bike score of 41, there is a minimal amount of infrastructure for biking.
Car-Dependent
Walk Score®
Minimal Transit
Transit Score®
Somewhat Bikeable
Bike Score®
Memphis Transportation
Bus Station
Buses can be found throughout the city and are easily accessible to commute in the city.
Rail Station
Memphis has 7 heavy rail stations; Norfolk Southern, Union Station Trolley Stop, Atlantic Track & Turnout, Main Street Trolley, Memphis Central Station, CSX Transportation, BNSF Railway. This allows you to use heavy rail to commute in and out of the city from the surrounding area and even travel to other cities.
Tram Station
Our data indicates this city does not have this transportation type.
Metro Station
Our data indicates this city does not have this transportation type.
Car & Bike Rentals
Renting a car is another good way to get around the city. There are 51 car rental locations.
Airports
Memphis has 1 airport which allows you to easily travel.
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