Memphis, MS Real Estate
According to census data in the year 2000 there were 20 housing units in Memphis. This represents a 0% decline from 20 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 20 were located in what is classified as a rural area.
Homeownership rate in Memphis is about 100%. Average household size is 2.75 people.
The majority of houses, apartments or condos in Memphis were built after 1996.
Statistics
Housing Size
| Housing Units by Size | |||
|---|---|---|---|
| Studio Type | 0% | ||
| One Bedroom | 0% | ||
| Two Bedrooms | 0% | ||
| Three Bedrooms | 65% | ||
| Four Bedrooms | 35% | ||
| Five Bedrooms or more | 0% | ||
| As % of Housing Units | |||||
|---|---|---|---|---|---|
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1996 |
| Median Value of occupied units | $137,500 |
Owners Finance Status
| Housing Finance | |||
|---|---|---|---|
| Second Mortgage & Equity Loan | 0% | ||
| Second Mortgage | 17.60% | ||
| Home Equity Loan | 11.80% | ||
| Simple Mortgage | 29.40% | ||
| Debt Free | 41.20% | ||
| As % of Housing Units | |||||
|---|---|---|---|---|---|
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.5% |
Data sources: 
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