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 Type | 0% | ||
| One Bedroom | 16.70% | ||
| Two Bedrooms | 16.70% | ||
| Three Bedrooms | 33.30% | ||
| Four Bedrooms | 33.30% | ||
| Five Bedrooms or more | 0% | ||
| As % of Housing Units | |||||
|---|---|---|---|---|---|
Owned Homes, Apartments and Condos
| Average Household Size | 4 |
| Median year structure was built | 1983 |
| Median Value of occupied units | $32,500 |
Owners Finance Status
| Housing Finance | |||
|---|---|---|---|
| Second Mortgage & Equity Loan | 0% | ||
| Second Mortgage | 0% | ||
| Home Equity Loan | 0% | ||
| Simple Mortgage | 75% | ||
| Debt Free | 25% | ||
| As % of Housing Units | |||||
|---|---|---|---|---|---|
| Median part of Monthly Household Income dedicated to covering home ownership costs | 35% |
Data sources: 
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