Memphis, TX Real Estate
According to census data in the year 2000 there were 1,255 housing units in Memphis.
This represents a 6.6% decline from 1,344 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,255 were located in what is classified as a rural area.
Homeownership rate in Memphis is about 72.5%.
Memphis's vacancy rate, including seasonal lodging, is about 18.1%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Memphis were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 12.40% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 46.40% |
| Four Bedrooms | 6.40% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $29,100 |
| Median Price asked for vacant units | $16,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $278 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0.70% |
| Simple Mortgage | 28.30% |
| Debt Free | 71% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
