Market research
Memphis, TN housing market
A dated view of local for-sale and rental listings. Figures describe DoorHunter’s sampled listings in this region, not every home in the city.
Market data as of September 5, 2026
Listing and rental snapshot
Median listing price
$215,000
Middle asking price among sampled for-sale listings.
Sample: 3,236 listings
Median monthly asking rent
$1,400
Middle monthly rent among sampled active rental listings.
Sample: 3,164 listings
Median days on market
68 days
Middle listing age among listings with a usable days-on-market value.
Sample: 3,141 listings
Rent-to-price ratio
0.65%
Market rent divided by listing price, expressed as a monthly percentage.
Median estimated gross rental yield
12.00%
Annual estimated rent divided by asking price, before expenses.
Sample: 9 listings
Median estimated cap rate
8.10%
Estimated annual net operating income divided by asking price, after modeled operating expenses but before debt service and capital costs.
Sample: 9 listings
Snapshot counts: 3,236 active for-sale listings and 3,164 active rental listings. Sample counts can differ when a listing lacks a usable value.
How to read these numbers
Medians are the middle values in each eligible listing sample. Price and rent come from different sets of listings, so dividing the two market medians does not describe a particular property’s return. Yield and cap rate are modeled estimates for eligible for-sale properties and depend on rent and expense assumptions. They exclude financing, taxes on income, and future repairs.
Compare published markets
Among the published markets with current price and rent data:
- Houston, TX· $341,540 median listing price · $2,200 median monthly rent
- San Antonio, TX· $318,500 median listing price · $1,760 median monthly rent
- Phoenix, AZ· $529,999 median listing price · $2,399 median monthly rent
- Las Vegas, NV· $550,000 median listing price · $2,340 median monthly rent
- Jacksonville, FL· $350,000 median listing price · $1,850 median monthly rent
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