Memphis, NY—13112
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Memphis, NY
As of Oct '25, the median home price in Memphis, NY is $259,000, with a year-over-year change of 3.5%. This indicates that home prices in Memphis, NY are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 3.5% |
| Single Family | $259,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 3.0% |
3 Bed | $264,000 | 3.1% |
4 Bed | $328,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Memphis, NY
Memphis, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Memphis, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Memphis, NY is 43. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | -26.0% |
Listing Count | 4 | 125.0% |
| Listings as % of Homes | 0.2% | 125.0% |
Days on Market | 43 | 24.0% |
Demographics — Memphis, NY
As of the latest ACS Survey released in 2023, Memphis, NY has a population of 1,830, which has remained stable by -0.9% over the past 5 years. Memphis, NY is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,830 | -0.9% |
% Under 18 | 24.2% | 37.5% |
% Seniors | 18.4% | 6.4% |
% WFH | 5.5% | 511.1% |
% w/ College Degree | 22.3% | -6.3% |
As of the latest ACS Survey released in 2023, Memphis, NY is a predominantly white area, with 96.7% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Memphis, NY is hispanic, making up 2.4% of the population. Foreign-born residents account for 3.4% of the population in Memphis, NY, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.7% | -2.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.4% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.4% | ∞% |
Mortgage and Risk — Memphis, NY
Memphis, NY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Memphis, NY
Memphis, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,130 |
| 2 Bedroom | $390 | $1,000 | $1,390 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — Memphis, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $259,000 |
| Median Household Income | $74,800 |