Investor-grade market analytics for Memphis, Tennessee. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$237,926
-0.4% year-over-year
7.1%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 98% nationally
In-migrants avg $56,949 AGI vs out-migrants $73,296
Opportunity Zone Market
25 ZIP codes in Memphis are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Memphis, TN-MS-AR is experiencing a correction with -0.4% year-over-year decline, signaling a buyer's market with softening demand. Affordability remains favorable with a price-to-income ratio of 3.67x, below the national average of 4.8x. Net negative migration (-3,513 returns/year) is reducing housing demand pressure. Climate risk remains low (36/100), favorable for long-term investment stability. Rental yield of 7.14% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Memphis, TN-MS-AR's primary climate exposure is tornadoes (57/100). The composite climate risk score of 36/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.