Memphis, FL Real Estate
According to census data in the year 2000 there were 2,916 housing units in Memphis.
This represents a 5.5% growth from 2,763 in 1990.
Of those housing units, 2,877 were located in either urbanized areas or urban clusters, and 39 were located in what is classified as a rural area.
Homeownership rate in Memphis is about 73.8%.
Memphis's vacancy rate, including seasonal lodging, is about 13.8%.
Average household size is 2.86 people.
The majority of houses, apartments or condos in Memphis were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 13.20% |
| Two Bedrooms | 41.50% |
| Three Bedrooms | 34.50% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $78,400 |
| Median Price asked for vacant units | $203,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.17 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $452 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 62.40% |
| Debt Free | 21.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.4% |
