The median home value in Memphis, IN is $165,700. This is higher than the county median home value of $125,000. The national median home value is $219,700. The average price of homes sold in Memphis, IN is $165,700. Approximately 87.91% of Memphis homes are owned, compared to 8.85% rented, while 3.25% are vacant. Memphis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Memphis real estate agent to arrange a tour today!
Memphis, Indiana has a population of 941. Memphis is more family-centric than the surrounding county with 37.59% of the households containing married families with children. The county average for households married with children is 31.64%.
The median household income in Memphis, Indiana is $71,875. The median household income for the surrounding county is $52,834 compared to the national median of $57,652. The median age of people living in Memphis is 34.2 years.
The average high temperature in July is 86.7 degrees, with an average low temperature in January of 22.8 degrees. The average rainfall is approximately 46.4 inches per year, with 10.6 inches of snow per year.