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Cheap Homes in Memphis, NE

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Memphis, NE Foreclosures

Current Market Conditions in in Memphis, NE As of February 2026?
In the past month, the real estate market in Memphis has remained stable, with a slight increase in home sales as more buyers recognize the benefits of living in a smaller community. Sales prices have seen a minor uptick of about 2%, indicating sustained interest among potential homeowners. The inventory levels have not significantly changed, suggesting a balanced market where buyers can find a suitable home without excessive competition.
How much do homes sell for in Memphis, NE?
The average home price is currently $459,651.
In Memphis, NE, how many homes are available?
There are currently 1 active home listings available in Memphis.
What’s the average rental cost in Memphis, NE?
The average rental price in Memphis is $1,433.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $1,994,810.
What is currently the cheapest priced home in Memphis, NE?
The cheapest home for sale in Memphis is priced at $39,002.

Living in Memphis, NE

Memphis, NE is a quaint small town characterized by its welcoming community and tranquil environment. It provides a perfect blend of rural living with access to nearby recreational activities and essential amenities. Ideal for families and those seeking a peaceful lifestyle.

Buyer vs Seller Market in Memphis, NE

The current real estate market in Memphis is relatively stable, with a modest inventory of homes available for sale. Buyers generally find that homes are fairly priced given the local amenities and community charm.

There has been a consistent demand for homes in Memphis, driving prices slightly upward over the past few months. This trend indicates a growing interest in small-town living, particularly in Nebraska, as remote work becomes more common.

Home Value Estimator For Memphis, NE

There are currently 85 real estate properties in Memphis, NE, with a median automated valuation model (AVM) price of $225,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Memphis, NE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Memphis, NE, is $459,651.00, with the most expensive house in Memphis, NE, topping out at $1,994,810.00 and the cheapest home in Memphis, NE, clocking in at $39,002.00. In other words, there’s something for every potential homebuyer or savvy investor in Memphis, NE!

Rent Prices In Memphis, NE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Memphis, NE, is on a rollercoaster ride. The average rent price in Memphis, NE, is $1,433.00. Indeed, when looking to rent in Memphis, NE, you can expect to pay as little as $640.00 or as much as $2,220.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Memphis, NE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Memphis, NE

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