Housing in Memphis, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$394,500

Median List Price

N/A

Price Per Sq Ft

$180

Days on Market

132

Active Inventory

N/A

Zillow Home Value

$311,320

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↑ 32.8%List Price ↓ 24.7%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

100.0%

Sale-to-List Ratio

103.7%

Seller's market

Sold Above Asking
100.0%

Market Activity

Source: Redfin

Homes Sold

2

Homes Sold ↓ 33.3%New Listings ↑ 0.0%Pending ↑ 0.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$180

Sale $/SF ↓ 18.9%List $/SF ↓ 18.5%Mar 24 → Jan 26

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

$190,400

Median Rent

$832

Total Housing Units

520

Vacancy Rate

6.7%

Owner Occupied

65.6%

Renter Occupied

34.4%

Median Property Tax

$2,915

per year

Monthly Cost (w/ Mortgage)

$1,167

Housing Types

Single Family
63.9%
Multi-Family
33.6%
Mobile Home
2.5%

The current median sale price in Memphis, MI is $394,500 according to Redfin data. Homes spend a median of 132 days on the market. 100.0% of homes sold above asking price. The median price per square foot is $180. The median rent is $832 per month (Census ACS). About 65.6% of housing units are owner-occupied. The median year homes were built is 1958. There are 520 total housing units.