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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||8.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.4%|