Downtown, Memphis, TN—38103
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$321,000
5.6% YoY Growth
Household Income
$75,800
7.2% YoY Growth
Days on Market
65
4.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$1,950
10.4% YoY Growth
1-Bed Rent
$1,350
6.1% YoY Growth
2-Bed Rent
$2,250
4.3% YoY Growth
3-Bed Rent
$2,590
0.3% YoY Growth
Home Price Trends — Downtown, Memphis, TN
As of May '26, the median home price in Downtown, Memphis, TN is $321,000, with a year-over-year change of -5.6%. This indicates that home prices in Downtown, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $321,000 | -5.6% |
| Single Family | $355,000 | -6.6% |
| Condos | $265,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |