Memphis, TX Real Estate

According to census data in the year 2000 there were 1,255 housing units in Memphis. This represents a 6.6% decline from 1,344 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,255 were located in what is classified as a rural area.

Homeownership rate in Memphis is about 72.5%. Memphis's vacancy rate, including seasonal lodging, is about 18.1%. Average household size is 2.34 people.

The majority of houses, apartments or condos in Memphis were built after 1959.


Housing Size

Housing Units by Size
Studio Type2%
One Bedroom12.40%
Two Bedrooms31.90%
Three Bedrooms46.40%
Four Bedrooms6.40%
Five Bedrooms or more1%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1959
Median Value of occupied units$29,100
Median Price asked for vacant units$16,300

Rented Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1960
Median Monthly Rent asked for vacant units$278

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan0.70%
Simple Mortgage28.30%
Debt Free71%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.1%