Memphis, TN Real Estate Prices per Square Foot
Buy prices, rent prices, historical development and submitted values for Memphis, TN.
Average buy price
$126.00 / sqft
Typical residential purchase price per square foot.
Average rent
$1.24 / sqft / month
Monthly rent per square foot.
Median home price
$209,774
Estimated median residential sale price.
Median monthly rent
$1,390
Estimated median rent for the city.
Historical price development
Buy price development
Buy prices have decreased by about 5.2% over the last 5 years.
Rent price development
Rent prices have increased by about 75.9% over the last 5 years.
Submitted values in Memphis
This table includes recent submitted values and individual historical comparable values, so the local price development is easier to compare.
| Date | Type | Property | Price / sqft | Size | Total | Area |
|---|---|---|---|---|---|---|
| 2026-07-06 | Buy | single-family home | $72.00 / sqft | 1,200 sqft | $86,400 | Frayser 38127 |
| 2026-07-05 | Buy | single-family home | $218.00 / sqft | 3,100 sqft | $675,800 | Central Gardens 38104 |
| 2026-07-04 | Buy | single-family home | $190.00 / sqft | 2,400 sqft | $456,000 | East Memphis 38117 |
| 2026-07-03 | Buy | single-family home | $165.00 / sqft | 2,700 sqft | $445,500 | Southwind 38125 |
| 2026-07-02 | Rent | single-family home | $1.00 / sqft | 1,150 sqft | $1,150 | Parkway Village 38118 |
| 2026-07-02 | Buy | single-family home | $95.00 / sqft | 1,850 sqft | $175,750 | Whitehaven 38116 |
| 2026-06-28 | Rent | townhouse | $1.45 / sqft | 1,250 sqft | $1,813 | Uptown Memphis 38105 |
| 2026-06-27 | Rent | townhouse | $1.38 / sqft | 1,350 sqft | $1,863 | East Memphis 38117 |
| 2026-06-26 | Rent | loft | $1.82 / sqft | 700 sqft | $1,274 | Crosstown 38112 |
| 2026-06-21 | Rent | condo | $1.55 / sqft | 1,200 sqft | $1,860 | Central Gardens 38104 |
| 2026-06-19 | Rent | apartment | $1.55 / sqft | 600 sqft | $930 | Binghampton 38112 |
| 2026-06-17 | Rent | apartment | $1.90 / sqft | 550 sqft | $1,045 | Medical District 38105 |
| 2026-06-14 | Rent | single-family home | $0.95 / sqft | 1,400 sqft | $1,330 | Whitehaven 38116 |
| 2026-06-14 | Buy | single-family home | $188.00 / sqft | 1,380 sqft | $259,440 | Cooper-Young 38104 |
| 2026-06-14 | Rent | apartment | $2.05 / sqft | 650 sqft | $1,333 | Downtown Memphis 38103 |
| 2026-06-13 | Buy | single-family home | $105.00 / sqft | 1,600 sqft | $168,000 | Hickory Hill 38115 |
| 2026-06-12 | Rent | apartment | $1.32 / sqft | 1,000 sqft | $1,320 | Cordova 38018 |
| 2026-06-10 | Rent | apartment | $2.00 / sqft | 480 sqft | $960 | Victorian Village 38105 |
| 2026-06-09 | Buy | loft | $238.00 / sqft | 1,120 sqft | $266,560 | South Main 38103 |
| 2026-06-07 | Rent | apartment | $1.05 / sqft | 950 sqft | $998 | Hickory Hill 38115 |
| 2026-06-03 | Buy | single-family home | $82.00 / sqft | 1,250 sqft | $102,500 | Orange Mound 38114 |
| 2026-06-01 | Buy | single-family home | $148.00 / sqft | 2,300 sqft | $340,400 | Cordova 38016 |
| 2026-05-29 | Buy | single-family home | $242.00 / sqft | 3,600 sqft | $871,200 | River Oaks 38120 |
| 2026-05-26 | Rent | duplex | $0.90 / sqft | 850 sqft | $765 | Oakhaven 38118 |
| 2026-05-26 | Buy | duplex | $105.00 / sqft | 2,100 sqft | $220,500 | Binghampton 38112 |
| 2026-05-26 | Rent | apartment | $1.55 / sqft | 725 sqft | $1,124 | Midtown 38104 |
| 2026-05-22 | Buy | single-family home | $112.00 / sqft | 1,750 sqft | $196,000 | Raleigh 38128 |
| 2026-05-20 | Rent | apartment | $1.30 / sqft | 800 sqft | $1,040 | Normal Station 38111 |
| 2026-05-18 | Buy | townhouse | $220.00 / sqft | 1,850 sqft | $407,000 | Harbor Town 38103 |
| 2026-05-17 | Buy | single-family home | $145.00 / sqft | 1,900 sqft | $275,500 | Vollintine-Evergreen 38107 |
| 2026-05-15 | Buy | luxury condo | $260.00 / sqft | 1,850 sqft | $481,000 | Mud Island 38103 |
| 2026-05-13 | Buy | single-family home | $162.00 / sqft | 1,700 sqft | $275,400 | Sea Isle Park 38117 |
| 2026-05-12 | Rent | townhouse | $1.45 / sqft | 1,600 sqft | $2,320 | Southwind 38125 |
| 2026-05-08 | Buy | single-family home | $165.00 / sqft | 1,600 sqft | $264,000 | Midtown 38104 |
| 2026-05-07 | Rent | single-family home | $1.20 / sqft | 1,550 sqft | $1,860 | Sea Isle Park 38117 |
| 2026-05-06 | Buy | condo | $202.00 / sqft | 780 sqft | $157,560 | Medical District 38105 |
| 2026-04-30 | Rent | single-family home | $1.05 / sqft | 1,500 sqft | $1,575 | Raleigh 38128 |
| 2026-04-29 | Buy | townhouse | $176.00 / sqft | 1,450 sqft | $255,200 | Uptown Memphis 38105 |
| 2026-04-29 | Buy | single-family home | $200.00 / sqft | 1,500 sqft | $300,000 | High Point Terrace 38122 |
| 2026-04-29 | Buy | condo | $225.00 / sqft | 950 sqft | $213,750 | Downtown Memphis 38103 |
| 2026-04-26 | Buy | single-family home | $88.00 / sqft | 1,500 sqft | $132,000 | Parkway Village 38118 |
| 2026-04-26 | Rent | luxury apartment | $2.00 / sqft | 1,100 sqft | $2,200 | River Oaks 38120 |
| 2026-04-24 | Rent | luxury apartment | $1.95 / sqft | 1,050 sqft | $2,048 | Mud Island 38103 |
| 2026-04-23 | Rent | single-family home | $1.35 / sqft | 1,300 sqft | $1,755 | High Point Terrace 38122 |
| 2026-04-19 | Buy | single-family home | $142.00 / sqft | 1,250 sqft | $177,500 | Normal Station 38111 |
| 2026-04-14 | Rent | condo | $1.25 / sqft | 900 sqft | $1,125 | Colonial Acres 38117 |
| 2026-04-14 | Buy | single-family home | $138.00 / sqft | 1,550 sqft | $213,900 | Colonial Acres 38117 |
| 2026-04-10 | Rent | duplex | $1.45 / sqft | 980 sqft | $1,421 | Cooper-Young 38104 |
| 2026-04-09 | Rent | duplex | $0.85 / sqft | 900 sqft | $765 | Frayser 38127 |
| 2026-04-09 | Rent | loft | $2.05 / sqft | 900 sqft | $1,845 | South Main 38103 |
| 2025-08-20 | Rent | luxury apartment | $1.90 / sqft / month | 980 sqft | $1,862 | Downtown Memphis 38103 |
| 2025-03-17 | Buy | single-family home | $146.00 / sqft | 2,000 sqft | $292,000 | Cordova 38016 |
| 2024-09-06 | Rent | apartment | $1.50 / sqft / month | 720 sqft | $1,080 | Midtown 38104 |
| 2024-04-23 | Buy | single-family home | $92.00 / sqft | 1,300 sqft | $119,600 | Orange Mound 38114 |
| 2023-11-02 | Rent | townhouse | $1.28 / sqft / month | 1,450 sqft | $1,856 | East Memphis 38117 |
| 2023-05-18 | Buy | single-family home | $172.00 / sqft | 1,550 sqft | $266,600 | High Point Terrace 38122 |
| 2022-09-27 | Rent | loft | $1.65 / sqft / month | 780 sqft | $1,287 | Crosstown 38112 |
| 2022-04-04 | Buy | townhouse | $188.00 / sqft | 1,700 sqft | $319,600 | Harbor Town 38103 |
| 2021-10-13 | Rent | single-family home | $1.08 / sqft / month | 1,600 sqft | $1,728 | Hickory Hill 38115 |
| 2021-05-26 | Buy | single-family home | $154.00 / sqft | 2,300 sqft | $354,200 | Southwind 38125 |
| 2020-12-21 | Rent | condo | $1.35 / sqft / month | 950 sqft | $1,283 | Mud Island 38103 |
| 2020-06-12 | Buy | single-family home | $128.00 / sqft | 1,850 sqft | $236,800 | Colonial Acres 38117 |
| 2019-09-30 | Rent | apartment | $1.22 / sqft / month | 690 sqft | $842 | Medical District 38105 |
| 2019-04-18 | Buy | single-family home | $142.00 / sqft | 2,100 sqft | $298,200 | Central Gardens 38104 |
| 2018-11-07 | Rent | single-family home | $0.98 / sqft / month | 1,500 sqft | $1,470 | Whitehaven 38116 |
| 2018-05-22 | Buy | condo | $155.00 / sqft | 1,050 sqft | $162,750 | Downtown Memphis 38103 |
| 2017-08-15 | Rent | duplex | $1.05 / sqft / month | 1,000 sqft | $1,050 | Vollintine-Evergreen 38107 |
| 2017-03-09 | Buy | single-family home | $132.00 / sqft | 1,600 sqft | $211,200 | Cooper-Young 38104 |
| 2016-10-24 | Rent | luxury apartment | $1.42 / sqft / month | 850 sqft | $1,207 | South Main 38103 |
| 2016-07-11 | Buy | single-family home | $74.00 / sqft | 1,550 sqft | $114,700 | Parkway Village 38118 |
| 2015-12-03 | Rent | townhouse | $1.02 / sqft / month | 1,250 sqft | $1,275 | Cordova 38018 |
| 2015-05-27 | Buy | single-family home | $118.00 / sqft | 2,400 sqft | $283,200 | East Memphis 38117 |
| 2014-09-19 | Rent | apartment | $1.07 / sqft / month | 740 sqft | $792 | Midtown 38104 |
| 2014-04-29 | Buy | single-family home | $102.00 / sqft | 1,750 sqft | $178,500 | High Point Terrace 38122 |
| 2013-11-14 | Rent | single-family home | $0.85 / sqft / month | 1,450 sqft | $1,233 | Berclair 38122 |
| 2013-06-21 | Buy | duplex | $62.00 / sqft | 1,900 sqft | $117,800 | Binghampton 38112 |
| 2012-10-08 | Rent | condo | $1.12 / sqft / month | 900 sqft | $1,008 | Downtown Memphis 38103 |
| 2012-03-16 | Buy | single-family home | $69.00 / sqft | 1,700 sqft | $117,300 | Hickory Hill 38115 |
| 2011-08-26 | Rent | apartment | $0.97 / sqft / month | 780 sqft | $757 | Normal Station 38111 |
| 2011-05-31 | Buy | townhouse | $105.00 / sqft | 1,550 sqft | $162,750 | Harbor Town 38103 |
| 2010-11-22 | Rent | single-family home | $0.80 / sqft / month | 1,320 sqft | $1,056 | Raleigh 38128 |
| 2010-07-15 | Buy | single-family home | $46.00 / sqft | 1,200 sqft | $55,200 | Frayser 38127 |
| 2009-12-09 | Rent | apartment | $0.91 / sqft / month | 700 sqft | $637 | Uptown Memphis 38105 |
| 2009-05-19 | Buy | single-family home | $58.00 / sqft | 1,500 sqft | $87,000 | Whitehaven 38116 |
| 2008-10-31 | Rent | duplex | $0.74 / sqft / month | 880 sqft | $651 | Orange Mound 38114 |
| 2008-04-24 | Buy | single-family home | $85.00 / sqft | 1,650 sqft | $140,250 | Cooper-Young 38104 |
| 2007-09-12 | Rent | luxury apartment | $1.16 / sqft / month | 820 sqft | $951 | Central Gardens 38104 |
| 2007-06-28 | Buy | condo | $124.00 / sqft | 900 sqft | $111,600 | South Main 38103 |
| 2006-12-04 | Rent | single-family home | $0.76 / sqft / month | 1,500 sqft | $1,140 | Oakhaven 38118 |
| 2006-03-13 | Buy | single-family home | $106.00 / sqft | 1,950 sqft | $206,700 | River Oaks 38120 |
| 2005-08-17 | Rent | apartment | $0.93 / sqft / month | 640 sqft | $595 | Crosstown 38112 |
| 2005-05-06 | Buy | single-family home | $98.00 / sqft | 2,300 sqft | $225,400 | Southwind 38125 |
| 2004-11-18 | Rent | condo | $1.02 / sqft / month | 850 sqft | $867 | Mud Island 38103 |
| 2004-07-20 | Buy | single-family home | $82.00 / sqft | 1,680 sqft | $137,760 | Sea Isle Park 38117 |
| 2003-10-02 | Rent | townhouse | $0.82 / sqft / month | 1,150 sqft | $943 | Cordova 38016 |
| 2003-04-11 | Buy | loft | $112.00 / sqft | 980 sqft | $109,760 | Downtown Memphis 38103 |
| 2002-09-25 | Rent | apartment | $0.86 / sqft / month | 760 sqft | $654 | Vollintine-Evergreen 38107 |
| 2002-06-18 | Buy | single-family home | $52.00 / sqft | 1,420 sqft | $73,840 | South Memphis 38106 |
| 2001-12-07 | Rent | single-family home | $0.68 / sqft / month | 1,400 sqft | $952 | Colonial Acres 38117 |
| 2001-03-26 | Buy | single-family home | $75.00 / sqft | 1,850 sqft | $138,750 | High Point Terrace 38122 |
| 2000-08-30 | Rent | apartment | $0.82 / sqft / month | 700 sqft | $574 | Cooper-Young 38104 |
| 2000-05-15 | Buy | single-family home | $94.00 / sqft | 2,100 sqft | $197,400 | Central Gardens 38104 |
| 1999-11-23 | Rent | duplex | $0.70 / sqft / month | 950 sqft | $665 | Binghampton 38112 |
| 1999-06-09 | Buy | single-family home | $67.00 / sqft | 1,550 sqft | $103,850 | Normal Station 38111 |
| 1998-12-16 | Rent | condo | $0.78 / sqft / month | 780 sqft | $608 | South Main 38103 |
| 1998-04-27 | Buy | townhouse | $88.00 / sqft | 1,500 sqft | $132,000 | Harbor Town 38103 |
| 1997-09-04 | Rent | single-family home | $0.61 / sqft / month | 1,250 sqft | $763 | Berclair 38122 |
| 1997-02-19 | Buy | single-family home | $48.00 / sqft | 1,325 sqft | $63,600 | Parkway Village 38118 |
| 1996-10-21 | Rent | townhouse | $0.66 / sqft / month | 1,050 sqft | $693 | Hickory Hill 38115 |
| 1996-07-08 | Buy | single-family home | $70.00 / sqft | 1,750 sqft | $122,500 | East Memphis 38117 |
| 1995-12-12 | Rent | apartment | $0.62 / sqft / month | 720 sqft | $446 | University District 38111 |
| 1995-05-03 | Buy | single-family home | $43.00 / sqft | 1,600 sqft | $68,800 | Raleigh 38128 |
| 1994-08-29 | Rent | apartment | $0.58 / sqft / month | 650 sqft | $377 | Medical District 38105 |
| 1994-04-14 | Buy | condo | $62.00 / sqft | 850 sqft | $52,700 | Downtown Memphis 38103 |
| 1993-11-05 | Rent | single-family home | $0.50 / sqft / month | 1,100 sqft | $550 | Whitehaven 38116 |
| 1993-06-22 | Buy | single-family home | $54.00 / sqft | 1,450 sqft | $78,300 | Midtown 38104 |
| 1992-09-10 | Rent | duplex | $0.45 / sqft / month | 900 sqft | $405 | Frayser 38127 |
| 1992-03-18 | Buy | single-family home | $32.00 / sqft | 1,100 sqft | $35,200 | Orange Mound 38114 |
Housing market overview for Memphis, TN
The real estate market in Memphis, TN can be compared more clearly by looking at price per square foot. Current estimates show an average buy price of $126.00 / sqft and an average rent of $1.24 / sqft / month.
Buyers can use the purchase price per square foot to compare homes, condos and apartments of different sizes. Renters can use monthly rent per square foot to compare different rental listings more accurately.
The reported values on this page show how prices can vary by neighborhood, property type, size and condition. Historical values help explain whether the local market has been rising, stable or cooling.
Frequently asked questions
What is the average home price per square foot in Memphis?
The average residential buy price in Memphis, TN is $126.00 / sqft based on the current values available on this page.
How much is rent per square foot in Memphis?
The average rental price in Memphis, TN is $1.24 / sqft / month. Actual rents can vary by neighborhood, property type and building quality.
Are property prices in Memphis increasing?
Buy prices have decreased by about 5.2% over the last 5 years. Rent prices have increased by about 75.9% over the last 5 years. These 5-year trends are based on the available individual historical comparable values.