Home prices
The cost of the median home in Memphis is $67,300. This is about $15,300 (29%) higher in comparison to nearby areas.It is roughly $150,200 (69%) lower compared to the rest of the country, and in comparison to the city of Quincy is about $49,000 (42%) lower.
Rents
Memphis's median monthly rent is $518. In comparison to the surrounding areas this is approximately $29 (5%) lower.Compared to the US as a whole it is approximately $544 (51%) lower, and compared to the city of Quincy it is roughly $192 (27%) lower.
Nearby places
Downing
Downing is approximately 9 miles west of Memphis. Real estate prices there are significantly less expensive. Downing's median home value is $37,200, which is $30,100 (80%) lower than Memphis. Rent there is significantly less expensive. In Downing the median rent is $317 a month, which is $201 (63%) lower than Memphis.
Wyaconda
Wyaconda is about 11 miles southeast of Memphis. The real estate prices there are somewhat less expensive. The value of the median home in Wyaconda is $55,700, which comes out to $11,600 (20%) lower than Memphis. The rent there is a little less expensive. Wyaconda's median rent is $455 a month, which works out to $63 (13%) lower than Memphis.
Milton
Milton is approximately 14 miles north of Memphis. Its housing prices are substantially less expensive. The median home in Milton costs $43,500, which is $23,800 (54%) lower than Memphis. Rent there is a little more expensive. Milton's median rent is $738 per month, which works out to $220 (29%) higher than Memphis.
Pulaski
Pulaski is roughly 16 miles north from Memphis. The real estate prices there are somewhat less expensive. The median home in Pulaski costs $56,600, which comes out to $10,700 (18%) lower than Memphis. Rent there is significantly more expensive. Pulaski's median rent is $770 per month, which is $252 (32%) higher than Memphis.
Lancaster
Lancaster is roughly 16 miles west from Memphis. The real estate prices there are fairly similar. The median home in Lancaster is valued at $67,000, which is very similar to Memphis. Rent there is a little less expensive. In Lancaster the median monthly rent is $453, which is $65 (14%) lower than Memphis.
