Memphis, TX Foreclosures
How much do homes sell for in Memphis, TX?
The average home price is currently $72,601.
What’s the average rental cost in Memphis, TX?
The average rental price in Memphis is $913.
What is the most expensive home in Memphis?
The most expensive home sold in Memphis had a price of $606,700.
What is currently the cheapest priced home in Memphis, TX?
The cheapest home for sale in Memphis is priced at $14,490.
Living in Memphis, TX
Memphis, TX, offers a charming small-town vibe with a strong sense of community and a slower pace of life. Surrounded by beautiful natural landscapes, it provides a variety of outdoor activities, making it perfect for nature enthusiasts. The local schools cater to families, creating an inviting atmosphere for long-term residents.
Current Market Conditions in Memphis, TX
The real estate market in Memphis, TX, remains relatively stable, characterized by affordable housing options and steady demand. While the prices are lower than the national average, there is potential for growth as more people seek affordable living outside urban areas. Recent trends indicate that single-family homes are the most popular for homebuyers, appealing to families and retirees alike.
Investors in the Memphis housing market are starting to take notice, with some new developments and renovations happening throughout the town. This influx could lead to a gradual increase in property value, making now an opportune time for buyers looking to invest.
Home Value Estimator For Memphis, TX
There are currently 993 real estate properties
in Memphis, TX,
with a median automated valuation model (AVM) price
of $49,864.00. 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, TX, 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, TX,
is $72,601.00, with the most expensive house
in Memphis, TX, topping out
at $606,700.00 and the cheapest home
in Memphis, TX,
clocking in at $14,490.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Memphis, TX!
Rent Prices
In Memphis, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Memphis, TX, is on
a rollercoaster ride. The
average rent price in Memphis, TX,
is $913.00. Indeed, when looking to rent in
Memphis, TX, you can expect to pay as little
as $580.00 or as much
as $2,040.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Memphis, TX
-- 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.
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