| Memphis, MI | |
|---|---|
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| State | Michigan |
| Population | 1,236 |
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Compared to its nearby areas, Memphis is somewhat less expensive, and it's a lot less expensive compared to the United States as a whole. However compared to the city of Detroit, it is substantially more expensive.
The median home in Memphis is valued at $126,800. Compared to other places in this area this is about $8,200 (6%) lower.It is about $90,700 (41%) lower compared to the US as a whole, and is roughly $77,600 (157%) higher compared to the city of Detroit.
The median rent in Memphis is $723 a month. It is roughly $62 (7%) lower compared to nearby areas.It is about $339 (31%) lower compared to the US as a whole, and it is about $101 (12%) lower compared to the city of Detroit.
Richmond is roughly 5 miles south from Memphis. The housing prices there are a little more expensive. The median home price in Richmond is $182,300, which works out to $55,500 (30%) higher than Memphis. Rent there is somewhat less expensive. The median rent in Richmond is $682 a month, which is $41 (6%) lower than Memphis.
Armada is about 6 miles southwest of Memphis. Real estate prices there are somewhat more expensive. Armada's median home value is $163,100, which works out to $36,300 (22%) higher than Memphis. Rents there are somewhat more expensive. In Armada the median monthly rent is $808, which is $85 (10%) higher than Memphis.
Emmett is about 6 miles north of Memphis. Its real estate prices are fairly similar. The median home cost in Emmett is $121,300, which comes out to $5,500 (4%) lower than Memphis. Its rents are somewhat less expensive. Emmett's median rent is $625 a month, which works out to $98 (15%) lower than Memphis.
Capac is roughly 9 miles northwest from Memphis. Its real estate prices are substantially less expensive. The median home in Capac is valued at $87,500, which comes out to $39,300 (44%) lower than Memphis. Rent there is a little more expensive. Capac's median monthly rent is $784, which is $61 (7%) higher than Memphis.
New Haven is about 10 miles south of Memphis. Housing prices there are fairly similar. The median home in New Haven is valued at $120,800, which works out to $6,000 (4%) lower than Memphis. Rent there is a bit more expensive. In New Haven the median rent is $1,025 a month, which comes out to $302 (29%) higher than Memphis.