Memphis, FL Real Estate

According to census data in the year 2000 there were 2,916 housing units in Memphis. This represents a 5.5% growth from 2,763 in 1990.

Of those housing units, 2,877 were located in either urbanized areas or urban clusters, and 39 were located in what is classified as a rural area.

Homeownership rate in Memphis is about 73.8%. Memphis's vacancy rate, including seasonal lodging, is about 13.8%. Average household size is 2.86 people.

The majority of houses, apartments or condos in Memphis were built after 1977.


Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom13.20%
Two Bedrooms41.50%
Three Bedrooms34.50%
Four Bedrooms7.10%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1979
Median Value of occupied units$78,400
Median Price asked for vacant units$203,600

Rented Homes, Apartments and Condos

Average Household Size3.17
Median year structure was built1974
Median Monthly Rent asked for vacant units$452

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.10%
Home Equity Loan8.70%
Simple Mortgage62.40%
Debt Free21.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21.4%