Housing in Memphis, TX
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$72,442
Memphis vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Memphis is highlighted.
Median Home Value
9th%ilemost expensive$74,700show rank
Median Rent
8th%ilemost expensive rent$608show rank
Rent Burden
28th%ilehighest rent burden15.7%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$74,700
Median Rent
$608
Total Housing Units
1,138
Vacancy Rate
19.4%
Owner Occupied
74.6%
Renter Occupied
25.4%
Median Property Tax
$971
per year
Monthly Cost (w/ Mortgage)
$490
Housing Types
Single Family89.1%
Multi-Family7.3%
Mobile Home3.6%
The median home value in Memphis, TX is $74,700. According to Zillow, the home value index for Memphis is $72,442. The median rent is $608 per month (Census ACS). About 74.6% of housing units are owner-occupied. The median year homes were built is 1955. There are 1,138 total housing units.