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Memphis, AL Real Estate


According to census data in the year 2000 there were 12 housing units in Memphis. This represents a 36.8% decline from 19 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 12 were located in what is classified as a rural area.

Homeownership rate in Memphis is about 100%. Memphis's vacancy rate, including seasonal lodging, is about 33.3%. Average household size is 4 people.

The majority of houses, apartments or condos in Memphis were built after 1983.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom16.70%
Two Bedrooms16.70%
Three Bedrooms33.30%
Four Bedrooms33.30%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size4
Median year structure was built1983
Median Value of occupied units$32,500

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan0%
Simple Mortgage75%
Debt Free25%
As % of Housing Units
   
Median part of Monthly Household Income dedicated to covering home ownership costs35%