Housing in Memphis, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$264,437
Median List Price
$271,490
Price Per Sq Ft
$174
Days on Market
273
Active Inventory
11
Months of Supply
5.5
Balanced market
Zillow Home Value
$286,727
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
99.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
6
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$174
Median List $/SF
$139
Memphis vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Memphis is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$233,600
Median Rent
$1,173
Total Housing Units
376
Vacancy Rate
0.0%
Owner Occupied
88.3%
Renter Occupied
11.7%
Median Property Tax
$853
per year
Monthly Cost (w/ Mortgage)
$1,250
Housing Types
The current median sale price in Memphis, IN is $264,437 according to Redfin data. Homes spend a median of 273 days on the market. 0.0% of homes sold above asking price. The market has 5.5 months of supply. The median price per square foot is $174. The median rent is $1,173 per month (Census ACS). About 88.3% of housing units are owner-occupied. The median year homes were built is 2012. There are 376 total housing units.