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Foreclosure Homes in Memphis, TN

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Memphis, TN Foreclosures

How much do homes sell for in Memphis, TN?
The average home price is currently $209,308.
In Memphis, TN, how many homes are available?
There are currently 5,695 active home listings available in Memphis.
What’s the average rental cost in Memphis, TN?
The average rental price in Memphis is $1,177.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $68,700,528.
What is currently the cheapest priced home in Memphis, TN?
The cheapest home for sale in Memphis is priced at $10,042.

Living in Memphis, TN

Memphis, TN, is a culturally rich city known for its music scene, particularly the blues. It offers a unique blend of history, with numerous iconic landmarks and a lively atmosphere. Residents enjoy a diverse culinary landscape and a variety of outdoor activities, making it a great place to live.

Current Market Conditions in Memphis, TN

The real estate market in Memphis has shown remarkable resilience, with increasing interest from homebuyers and investors alike. The affordability of homes in Memphis, combined with the city's cultural appeal, continues to attract new residents.

In recent months, home prices have steadily increased, reflecting a competitive market environment. The demand for single-family homes remains strong, driven by the city's growing economic opportunities and the influx of new businesses.

Home Value Estimator For Memphis, TN

There are currently 205,701 real estate properties in Memphis, TN, with a median automated valuation model (AVM) price of $155,885.00. 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, TN, 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, TN, is $209,308.00, with the most expensive house in Memphis, TN, topping out at $68,700,528.00 and the cheapest home in Memphis, TN, clocking in at $10,042.00. In other words, there’s something for every potential homebuyer or savvy investor in Memphis, TN!

Rent Prices In Memphis, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Memphis, TN, is on a rollercoaster ride. The average rent price in Memphis, TN, is $1,177.00. Indeed, when looking to rent in Memphis, TN, you can expect to pay as little as $460.00 or as much as $4,140.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Memphis, TN -- 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.

Memphis, TN Foreclosures

Market Trend for Memphis, TN

Total Listings Available: 5,695

Market Values:

Home Prices from $10,042 to $68,700,528

Average Sales Price: $209,308

Rental Values:

Rental from $460 to $4,140

Average Rent Value: $1,177 / month

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