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Memphis, IN Real Estate


According to census data in the year 2000 there were 169 housing units in Memphis.

Of those housing units, none were located in either urbanized areas or urban clusters, and 169 were located in what is classified as a rural area.

Homeownership rate in Memphis is about 91.8%. Memphis's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.14 people.

The majority of houses, apartments or condos in Memphis were built after 1962.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.10%
Two Bedrooms31.40%
Three Bedrooms47.90%
Four Bedrooms7.70%
Five Bedrooms or more8.90%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1964
Median Value of occupied units$83,900

Rented Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1943
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage16.90%
Home Equity Loan0%
Simple Mortgage32.20%
Debt Free50.80%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs22.4%