Why Live in Memphis
Memphis is a quaint neighborhood known for its small-town atmosphere and stable community. Located along Highway 19, it provides easy access to Interstate 94 for a straightforward drive to Detroit. The neighborhood features a mix of home styles, including bungalows, ranch-style homes with detached garages, charming colonials, and colorful Victorians. Most homes are situated downtown, offering closer proximity to neighbors, while those on the outskirts enjoy larger lots. Homes typically feature between 1,000 to 2,000 square feet, with at least three bedrooms and one bathroom. Memphis boasts several parks, such as Old School Park with its playground and picnic tables, Ed Musial Memorial Park along Belle River, and Memphis Lion Park, which is ideal for family activities and winter sledding. Main Street is the hub for local shops and unique dining options like Great Lakes Café, Doghouse Tavern, and Arctic Queen. For groceries, residents travel about eight miles to Richmond. The neighborhood is quieter at night, with limited nightlife options. Memphis Community Schools serve the area, offering education from kindergarten through high school with a student-to-teacher ratio of 17 to 1. The annual Memphis Days Festival in August is a highlight, featuring events like the Duck Dash 5K, a neighborhood parade, fireworks, and a dog show. The Memphis Public Library downtown hosts weekly educational and fun events for all ages, adding to the neighborhood's charm.
Frequently Asked Questions
What is the average home price in Memphis, MI?
Homes for sale in Memphis, MI have an average home price of $295,038.
How many homes have sold over the last 12 months in Memphis, MI?
13 homes have sold in Memphis, MI over the last 12 months.
What are the most popular zip codes in Memphis, MI?
How much do you need to make to afford a house in Memphis?
The median home price in Memphis is $309,900. If you put a 20% down payment of $62,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,610 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Memphis.
How are the schools in Memphis, MI?
Home Trends in Memphis, MI
On average, homes in Memphis, MI sell after 24 days on the market compared to the national average of 50 days. The median sale price for homes in Memphis, MI over the last 12 months is $318,500, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$318,500
Median Single Family Sale Price
$321,056
Average Price Per Sq Ft
$212
Last 12 months Home Sales
13
Median List Price
$309,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%