Memphis, TX Foreclosures
How much do homes sell for in Memphis, TX?
The average home price is currently $75,385.
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, Texas, is a small, tight-knit community that boasts a rich agricultural background. Known for its friendly atmosphere and low cost of living, the town offers a variety of amenities, outdoor opportunities, and community events that foster a strong sense of belonging. Ideal for families and retirees alike, Memphis combines the charm of small-town life with essential services and educational institutions.
Current Market Conditions in Memphis, TX
The current real estate market in Memphis, TX is relatively stable, with a steady demand for homes. Prices have remained affordable compared to larger Texas cities, making it an attractive option for first-time homebuyers and investors alike. New listings frequently appear, offering diverse options from cozy starter homes to larger family residences.
While the overall market is stable, there's a slight upward trend in home values, suggesting growing interest in this charming community. Investors are beginning to recognize Memphis's potential due to its affordability and quality of life.
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 $52,351.00. 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 $75,385.00, 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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