Memphis, MO


Highest Appreciating Memphis Neighborhoods Since 2000

Memphis, MO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Memphis Housing Market Information

With a population of 1,829, 821 total housing units (homes and apartments), and a median house value of $65,461, house prices in Memphis are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Memphis, accounting for 76.81% of the city's housing units. Other types of housing that are prevalent in Memphis include duplexes, homes converted to apartments or other small apartment buildings ( 16.34%), mobile homes or trailers ( 5.52%).

The most prevalent building size and type in Memphis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.71% owning and 36.29% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Memphis's housing was primarily built during this period, from the '40s through the '60s. A full 34.53% of the city's housing hails from this era. Other housing ages represented in Memphis include homes built before 1939 ( 33.81%) and housing constructed between 1970-1999 ( 30.13%). There's also some housing in Memphis built between 2000 and later ( 1.53%).

Vacant housing appears to be an issue in Memphis. Fully 16.14% of the housing stock is classified as vacant. Left unchecked, vacant Memphis homes and apartments can be a drag on the real estate market, holding Memphis real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Memphis Home Appreciation Rates

Real estate appreciation rates in Memphis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

Over the last year, Memphis appreciation rates have trailed the rest of the nation. In the last twelve months, Memphis's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Memphis were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Missouri, our data show that Memphis's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.

Average Home Values


Median Home Value:


Value Range
> $1,062,000 0.0
$796,001 - $1,062,000 0.0
$531,001 - $796,000 0.0
$425,001 - $531,000 2.7
$318,001 - $425,000 1.8
$212,001 - $318,000 1.3
$106,001 - $212,000 13.1
$53,001 - $106,000 44.6
$0 - $53,000 36.5

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
96.6483065744756 96.6

Number Of Homes And Apartments:

Memphis Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.89% 1.79% 6 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$663 / per month

Homeownership Rate

Owners 63.71
Renters 36.29
Vacant 16.14

Housing Market Details


Age of Homes

2000 or Newer 1.5
1970 - 1999 30.1
1940 - 1969 34.5
1939 or Older 33.8

Types of Homes

Single-Family 76.8
Townhomes 0.4
Small Apt. Buildings 16.3
Apt. Complexes 0.9
Mobile Homes 5.5
Other 0.0

Home Size

No Bedroom 0.92
1 Bedroom 8.99
2 Bedrooms 37.39
3 Bedrooms 42.80
4 Bedrooms 6.84
5 or more bedrooms 3.06

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Zip Codes in Memphis, MO