The median home value in Memphis, MI is $278,500. This is higher than the county median home value of $225,000. The national median home value is $338,100. The average price of homes sold in Memphis, MI is $278,500. Approximately 57.94% of Memphis homes are owned, compared to 29.56% rented, while 12.5% 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, Michigan 48041 has a population of 1,050. Memphis 48041 is more family-centric than the surrounding county with 30.54% of the households containing married families with children. The county average for households married with children is 25.78%.
The median household income in Memphis, Michigan 48041 is $52,868. The median household income for the surrounding county is $62,847 compared to the national median of $69,021. The median age of people living in Memphis 48041 is 46.6 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 14.1 degrees. The average rainfall is approximately 33.4 inches per year, with 36.6 inches of snow per year.