Memphis, TN Townhomes for Sale

• 

  

  

  /17

  $129,999

  • 3 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  1726 Fox Hunt Ln Unit 21, Memphis, TN 38134

  This move-in ready condo features 3 bedrooms and 2.5 bathrooms. The AC unit and water heater were recently replaced, and there's new hardwood flooring and paint in all bedrooms. Items to remain with home includes Refrigerator and Washer & Dryer. Don't miss this fully equipped home. Schedule your showing today!

  

  Steve Luong

  eXp Realty, LLC

  (901) 675-7957

  1726 Fox Hunt Ln Unit 21, Memphis, TN 38134
• 

  Explore Memphis

• 

  

  

  /24

  $220,000

  • 2 Beds
  • 1.5 Baths
  • 1,400+ Sq Ft

  4764 Eagle Crest Dr Unit 4002, Memphis, TN 38117

  "Welcome to your move-in ready, quiet two bedroom condo in a gated community! Nestled in a private area of the complex, this home offers a spacious den, separate dining room, airy kitchen, and updated baths. The generously-sized primary bedroom features two closets and a private balcony with a serene wooded view. Enjoy the low maintenance fees, community swimming pool, clubhouse, tennis court,

  

  Lakesha Lilly Leatherwood

  The Home Partners Realty

  (901) 499-3229

  4764 Eagle Crest Dr Unit 4002, Memphis, TN 38117
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  /18

  $50,000

  • 2 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  3811 S Mendenhall Rd Unit A6, Memphis, TN 38115

  PRICE IMPROVEMENT AS IS WHERE IS Recently painted and new carpet installed

  

  Camille Holmes

  Ready Team REALTORS

  (901) 673-9224

  3811 S Mendenhall Rd Unit A6, Memphis, TN 38115
• 

  

  

  /15

  $139,950

  • 3 Beds
  • 2.5 Baths
  • 1,800+ Sq Ft

  5281 Scottsdale Ave Unit 6, Memphis, TN 38118

  Move in Ready or Rent ready. 3 bedrooms, 2.5 baths. Open concept.

  Greg Renfrow NextHome Cornerstone Realty

  5281 Scottsdale Ave Unit 6, Memphis, TN 38118
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  /40

  $199,000

  • 2 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  2284 Edgewood Cove, Memphis, TN 38104

  Welcome to 2284 Edgewood Cove – a charming 2 bed, 2.5 bath townhouse in the heart of Midtown! This well-maintained home offers a spacious layout with a separate dining room and a bright living room that opens onto a private patio—perfect for relaxing or entertaining. The kitchen is efficiently designed, and a convenient laundry closet adds to everyday ease. Upstairs, both bedrooms feature

  Alex Turner Hobson, REALTORS

  2284 Edgewood Cove, Memphis, TN 38104
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  /21

  $148,900

  • 2 Beds
  • 1.5 Baths
  • 800+ Sq Ft

  1238 Bristol Dr Unit 1238, Memphis, TN 38119

  This is the one you've been looking for! Located in the heart of East Memphis and within walking distance to dining and shopping, this 2 bedroom & 1 1/2 bath two story townhome is just waiting for you to see it. Secure behind a gated entry, this Chatham Village beauty sits in a quiet courtyard and has the most charming patio just waiting for your morning coffee and/or afternoon beverages. With

  Jenny Vergos Marx-Bensdorf, REALTORS

  1238 Bristol Dr Unit 1238, Memphis, TN 38119
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  /39

  $250,000

  • 2 Beds
  • 1.5 Baths
  • 1,200+ Sq Ft

  697 S Belvedere Blvd Unit B, Memphis, TN 38104

  Beautiful Condo in heart of Central Gardens. High demand home includes nice hardwood floors, granite in kitchen, stainless steel appliances, washer & dryer. Large, shaded patio space to enjoy. Rooms are good sized. Gated with security. Play area for pets. Perfect location. FHA and Fannie Mae approved. Well priced and easy to show. SEE 3D VIRTUAL TOUR FOR MORE INFO!

  Michael Frizzell Grind City Realty

  697 S Belvedere Blvd Unit B, Memphis, TN 38104
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  /33

  $269,000

  • 2 Beds
  • 2.5 Baths
  • 1,200+ Sq Ft

  1619 Monroe Ave Unit 1, Memphis, TN 38104

  The Kennedy! Contemporary design, 2 story condos. Gated Community in the heart of midtown. This 2 Br, 2.5 bath offers open concept floor plan, with 9 ft ceilings. Gorgeous hardwood floors throughout. Kitchen is spacious with quartz countertops, ample cabinet space, kitchen island. SS appliances, soft touch cabinets, breakfast bar is perfect for entertaining. Laundry room, and pantry in downstairs

  Jennifer Boyd Heritage Homes Co.

  1619 Monroe Ave Unit 1, Memphis, TN 38104
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  /30

  $275,000

  • 2 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  700 St Augustine, Memphis, TN 38104

  Well maintained condo nestled in the heart of historic Central Gardens neighborhood. Step into your own private, fenced courtyard landscaped with perennial plantings—perfect for morning coffee or evening entertaining. Inside, the inviting hearth area boasts a wood-burning fireplace and brand-new French doors with built-in mini blinds that seamlessly connect indoor comfort with the outdoors. The

  Sasha Scott Sowell, Realtors

  700 St Augustine, Memphis, TN 38104
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  /25

  $226,000

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  218 S Walnut Bend Rd, Cordova, TN 38018

  Spacious attached townhome with no HOA! 3 beds/ 2 baths with primary down. Ample side patio and backyard space perfect for gardening. Large bedrooms upstairs with updated baths! Vaulted ceilings make this home feel even larger and more grand. Color drenched rooms make this home trendy and relevant. New windows, appliance to stay!

  Amanda Kirkman KAIZEN Realty, LLC

  218 S Walnut Bend Rd, Cordova, TN 38018
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  /2

  $149,900

  • 2 Beds
  • 2.5 Baths
  • 1,200+ Sq Ft

  8352 Keeli Cove, Cordova, TN 38016

  Nice property on a cove in Cordova.

  Les Jones Brookfield Properties, Inc.

  8352 Keeli Cove, Cordova, TN 38016
• 

  

  /17

  $169,900

  • 3 Beds
  • 1.5 Baths
  • 1,200+ Sq Ft

  557 Sabine St Unit 557, Memphis, TN 38117

  Fully Renovated 3-Bedroom Courtyard Townhouse – Prime East Memphis Corner Lot! Welcome to this beautifully updated 3-bedroom, 1.5-bath courtyard-style townhouse, located on a spacious corner lot in desirable East Memphis. With 1,392 square feet of living space, this move-in-ready home is features modern upgrades, thoughtful finishes, and an unbeatable location close to everything you need.

  Amy Helms Weichert, REALTORS-BenchMark

  557 Sabine St Unit 557, Memphis, TN 38117
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  /22

  $170,000

  • 2 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  5845 Park Ave Unit 5845, Memphis, TN 38119

  Own a corner unit at Chatham Village! Gated condo with a neighborhood pool. This 2 bed/ 1.5 bath unit was recently renovated. Quartz countertops new cabinets, under cabinet lighting, and recessed lighting. Private patio for sitting outside and relaxing or gardening. Large bedrooms, washer and dryer in a laundry closet upstairs.

  Amanda Kirkman KAIZEN Realty, LLC

  5845 Park Ave Unit 5845, Memphis, TN 38119
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  /6

  $139,874

  • 2 Beds
  • 2 Baths
  • 1,200+ Sq Ft

  4195 Cedartree Dr, Memphis, TN 38141

  What a great start to Homeownership or to build your portfolio!!! This beautifully renovated 2 bedroom 2 FULL bath town home (END UNIT) QUALIFIES for 100% financing & City of Memphis DPA programs. Close to shopping, restaurants & entertainment in both Memphis & Desoto County...this would make the PERFECT home or investment! Downstairs features a family room with a cozy fireplace, dining or

  Tijuana Wallace Keller Williams

  4195 Cedartree Dr, Memphis, TN 38141
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  /26

  $159,000

  • 2 Beds
  • 1.5 Baths
  • 800+ Sq Ft

  5861 Park Ave, Memphis, TN 38119

  Welcome to this beautifully updated two-story condo in a well-kept, gated neighborhood centrally located in the heart of East Memphis. Inside, you'll find fresh renovations, newer windows, and a bright, open layout that feels like home the moment you walk in. Step outside to a private back patio—perfect for relaxing or entertaining. The neighborhood pool is directly across from the unit, making

  Pam Beall Crye-Leike, Inc., REALTORS

  5861 Park Ave, Memphis, TN 38119
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  /15

  $169,900

  • 2 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  5841 Park Ave Unit 2, Memphis, TN 38119

  Completely renovated and move-in ready, this stunning two-story condo in a gated East Memphis community combines modern updates with timeless charm. Step inside to a bright, open living area with brand-new flooring and contemporary finishes throughout. The updated kitchen is a showstopper—featuring all-new cabinetry, sleek countertops, and modern fixtures, perfect for the home chef or

  Michael Bryan Bryan Realty Group

  5841 Park Ave Unit 2, Memphis, TN 38119
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  /17

  $139,900

  • 2 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  5686 Quince Rd Unit 3, Memphis, TN 38119

  Low Maintenance Living in a Convenient Location! Townhome has been updated with a Beautiful Bathroom ~ Fresh Paint ~ Open Kitchen with White Cabinets and Granite Tops ~ New Hard Surface Floors ~ Enjoy the Community Pool and Courtyard ~ Half Bath Down ~ Ready to Occupy!

  Taj Schuerman Keller Williams Realty

  5686 Quince Rd Unit 3, Memphis, TN 38119
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  /17

  $180,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  4779 Towering Oaks Dr Unit 704, Memphis, TN 38117

  Largest floor plan in complex overlooking pool and tennis courts. REDUCTION READY TO MOVE IN

  Karen Braden-Little Crye-Leike, Inc., REALTORS

  4779 Towering Oaks Dr Unit 704, Memphis, TN 38117
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  /20

  $159,900

  • 2 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  5718 Quince Rd Unit 4, Memphis, TN 38119

  Well maintained 2br/1.5ba townhome offers approx 1100 sqft. of living space in the desirable Yorkshire Gardens community. The main level features wood flooring, while the kitchen is finished w tile and both bedrooms up are carpeted. The home included a refrigerator, stove and in unit washer/dryer-all in good working condition and included. A fully fenced private patio provides a great space for

  Kim Rasche KAIZEN Realty, LLC

  5718 Quince Rd Unit 4, Memphis, TN 38119
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  /21

  $148,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  5995 Lofty Oak Rd, Memphis, TN 38115

  GREAT INVESTMENT OPPORTUNITY! INVESTORS ONLY, DO NOT DISTURB TENANT. SFH Rented for $1,425/month, professionally managed. Lease expires 7/31/2025. Tenant moved in 7/31/2024. Completely renovated in May 2024 including brand new AC condenser, brand new furnace & A-coil. Spacious kitchen with brand new counter tops, large master bedroom, refurbished bathrooms with tile surround shower, attached

  Jeremy Veldman KAIZEN Realty, LLC

  5995 Lofty Oak Rd, Memphis, TN 38115
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  /37

  $159,900

  • 3 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  6571 Poplar Woods Cir S Unit 1, Germantown, TN 38138

  Great condo located in Germantown. Well managed condo association. This condo kitchen has been updated with new counter tops, appliances and light fixtures. Breakfast bar plus large breakfast/dining room with pantry. Large living room with half bath plus separate laundry room. Washer and Dryer included. Upstairs are 3 good size bedrooms and 2 full baths. Freshly painted through out plus

  Kendall Haney 901 Real Estate Services

  6571 Poplar Woods Cir S Unit 1, Germantown, TN 38138
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  /23

  $97,000

  • 2 Beds
  • 1.5 Baths
  • 1,200+ Sq Ft

  1848 Quail Park Cir Unit 17, Memphis, TN 38134

  Clean and move-in ready 2 bedroom, 1 bathroom townhome in the Quail Run Townhome Community conveniently located near I-40 and 240. Floor plan includes a combination living room/dining room and den, fireplace, private fenced patio, attached carport and storage building. Rentals are allowed. HOA dues are $175 per month.

  Aaron Ivey eXp Realty

  1848 Quail Park Cir Unit 17, Memphis, TN 38134
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  /11

  $99,900

  • 2 Beds
  • 1.5 Baths
  • 1,191 Sq Ft

  1809 Grovehaven Cir Unit 8, Memphis, TN 38116

  PLEASE DO NOT DISTURB TENANT. Long term tenant pays $1100/month under lease until Jan 2026. Home is very well kept, with both roof and hot water tank recently replaced. No major issues whatsoever. Property is an attached unit, on a street with both single family and other attached units. NO HOA. Please make your offer contingent upon inspection. Call listing agent for more information.

  Frank Malvezzi CB Properties of Memphis, LLC

  1809 Grovehaven Cir Unit 8, Memphis, TN 38116
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  /26

  $63,500

  • 2 Beds
  • 1.5 Baths
  • 1,000+ Sq Ft

  4731 Wild Plum Ct Unit 113, Memphis, TN 38118

  MOVE-IN READY!! This cute 2 level condo is perfect as an investment property OR for a homeowner who doesn't need/want a lot of space or yard to maintain. This freshly painted unit has 2 bedrooms, both upstairs, 1 full bath upstairs, 1/2 bath downstairs. NO carpet, as flooring is laminant wood and tile. The eat-in kitchen has stove, refrigerator and dishwasher. The laundry area has washer/dryer

  Lisa Todd KAIZEN Realty, LLC

  4731 Wild Plum Ct Unit 113, Memphis, TN 38118
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  /12

  $115,000

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  3629 Chesterwood Dr Unit 77, Memphis, TN 38118

  Fantastic spacious 3 Bedroom 2 1/2 Bath Townhome w/covered parking. Fully renovated!!! Fenced patio enclosed with new fence., security doors. Home is tenant occupied, and on month-to-month lease. This home is great for first time home buyers.

  Janice Mathis eXp Realty, LLC

  3629 Chesterwood Dr Unit 77, Memphis, TN 38118
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  /8

  $85,000

  • 2 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  5432 Gatehouse Dr Unit PD, Memphis, TN 38134

  Calling all investors, flippers and visionaries! This 2-bedroom, 2-bathroom condo is bursting with potential and ready for a transformation. The condo is tucked away in a quiet neighborhood close to shopping and amenities with lots of potential. The property needs repairs and updates throughout - Sold AS IS. Cash and creative financing welcome. Bring your vision and make it shine.

  Rachelle Maier Crye-Leike, Inc., REALTORS

  5432 Gatehouse Dr Unit PD, Memphis, TN 38134
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  /29

  $79,900

  • 3 Beds
  • 2 Baths
  • 1,400+ Sq Ft

  4148 Meadow Heath Ln, Memphis, TN 38115

  Great rehab opportunity, 3 beds 2 full baths, mostly brick some siding, Zero lot . As is where it is sale, Property has Fire Damage full rehab needed.

  Ralph Harvey List With Freedom.Com, Inc.

  4148 Meadow Heath Ln, Memphis, TN 38115
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  /14

  $189,900

  • 2 Beds
  • 2.5 Baths
  • 1,200+ Sq Ft

  8349 Honey Dew Cove, Cordova, TN 38016

  Newly Renovated Property! Great opportunity for an investor or homebuyer! The property is currently unoccupied and readily available for viewing. This property is currently being professionally managed by Reedy and Company. Whether you're an owner-occupant or investor, this opportunity is open to you. No wholesale or creative financing offers.

  Mark Hart Reedy & Company, REALTORS

  8349 Honey Dew Cove, Cordova, TN 38016
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  /9

  $129,900

  • 3 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  2795 E Hickory Bluff, Memphis, TN 38128

  Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No blind offers and no wholesaler or assignment of contract offers will be accepted.

  Dean Harris CrestCore Realty MphsBrokerage

  2795 E Hickory Bluff, Memphis, TN 38128
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  /30

  $390,000

  • 3 Beds
  • 2.5 Baths
  • 2,000+ Sq Ft

  614 Tennessee St Unit 204, Memphis, TN 38103

  Gorgeous, Move-In Ready 3BR/2.5BA Townhome~Spacious Great Room w/Tall Ceilings, Gas Fireplace, Built-Ins & Tons of Natural Light~Stunning Open Kitchen w/Granite Countertops, Ample Cabinet Space & Large Breakfast Bar Island~Convenient Half Bath on Main Level~Upstairs Features a Huge Primary Bedroom Suite w/En-Suite Bath Including Double Vanities, Soaking Tub & Separate Shower~Smart Split Floor

  Jennifer Carstensen Real Estate Agency

  614 Tennessee St Unit 204, Memphis, TN 38103
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  /40

  $519,000

  • 4 Beds
  • 2.5 Baths
  • 2,600+ Sq Ft

  718 Eventide Dr Unit 29, Memphis, TN 38120

  No detail was spared in this fully remodeled, corner-unit townhome in the coveted Eventide at River Oaks, boasting 4BR/2.5BA across 2,763 sq ft (per Assessor) and a rare 3-car garage. Step inside to a clean, contemporary aesthetic with new oak floors throughout, recessed lighting added to every room & hallway and a reimagined wood-burning fireplace with lighted niches. The open kitchen features

  Kenneth Koleyni Renshaw Company, REALTORS

  718 Eventide Dr Unit 29, Memphis, TN 38120
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  /10

  $89,900

  • 3 Beds
  • 2 Baths
  • 1,200+ Sq Ft

  3989 Grahamdale Cir Unit 3989A, Memphis, TN 38122

  Tenant Occupied. Please do not disturb tenants. 3 bed 2 bath. Renting for $1000 to a stable long term tenant. New AC unit Pic are from a previous listing. Seller prefers to sell as a package deal with 3967B & 3981B Large Community Pool. No subject-to No Wholesalers

  Raychel Day C21 Patterson & Assoc. Real Es

  3989 Grahamdale Cir Unit 3989A, Memphis, TN 38122
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  /19

  $79,900

  • 2 Beds
  • 2 Baths
  • 1,000+ Sq Ft

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122

  Tenant Occupied! 2/2 renting for $1100/mo lease ends June 30th 2026. Seller prefers to sell as a package deal with 3989A & 3967B. All units recently renovated and rented. Laminate wood floors, Recently Painted Exterior and Interior. Patio and a Large Community Pool! No subject to or wholesalers

  Raychel Day C21 Patterson & Assoc. Real Es

  3981 Grahamdale Cir Unit 3981B, Memphis, TN 38122
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  /30

  $255,000

  • 2 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  6940 Amberly Rd, Memphis, TN 38119

  Welcome to Germantown Village! This beautifully maintained, 2 primary bedrooms, 2.5 bath townhome offers the perfect blend of comfort and style in one of the area’s most sought-after communities. Featuring new carpet! Stunning hardwood and slate floors, this home boasts a renovated kitchen with granite countertops, pantry, and ample cabinetry. Enjoy elegant entertaining in the formal dining

  Tracie Benetz Emmett Baird Realty, LLC

  6940 Amberly Rd, Memphis, TN 38119
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  /37

  $259,900

  • 3 Beds
  • 2.5 Baths
  • 1,600+ Sq Ft

  1040 Park Court Dr, Memphis, TN 38119

  All appliances stay. 2020 - All sewer pipes replaced, and all carpet replaced with laminate wood. 2022 - Full roof replacement. 2023 - New HVAC/Compressor. Rare opportunity to own in Park Court

  Jason Wallace Keller Williams Realty

  1040 Park Court Dr, Memphis, TN 38119
• 

  

  /17

  $125,000

  • 3 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  1751 Fox Hunt Ln Unit 5, Memphis, TN 38134

  SECLUDED AND QUIET CONDOMINIUM COMPLEX CLOSER TO RALIEGH/BARTLETT, LOW HOA FEES! Super affordable! Spacious and sunny, 3 bedroom 2 and 1/2 bath townhouse condo. All appliances stay. Convenient to Summer and Sycamore View area shopping with easy access to I-40 and Southwest Tennessee Community College. New flooring downstairs, all hardwood upstairs.

  Carolyn Hooker Crye-Leike, Inc., REALTORS

  1751 Fox Hunt Ln Unit 5, Memphis, TN 38134
• 

  

  /3

  $189,900

  • 3 Beds
  • 2.5 Baths
  • 1,400+ Sq Ft

  8340 Keeli Cove, Cordova, TN 38016

  Nice Townhouse on a cove in Cordova.

  Les Jones Brookfield Properties, Inc.

  8340 Keeli Cove, Cordova, TN 38016
• 

  

  /10

  $90,000

  • 1 Bed
  • 1 Bath
  • 600+ Sq Ft

  6753 Meadow Oak Place Unit 6753, Memphis, TN 38120

  Spacious 1bd/1ba townhouse located in Whispering Oaks Condominiums. Discover comfort and convenience in this one bedroom townhouse, perfect as a primary residence or investment property. Featuring wood laminate flooring downstairs, this home offers a bright living space with great natural light. Enjoy ample storage and a thoughtful layout in a well-maintained, professionally managed community.

  Court Satterfield Faith Management & Realty Grou

  6753 Meadow Oak Place Unit 6753, Memphis, TN 38120
• 

  

  /25

  $209,900

  • 2 Beds
  • 2.5 Baths
  • 1,200+ Sq Ft

  3742 Charleston Square, Memphis, TN 38122

  PERFECTION! This 2 br 2.5 bath townhome is the most perfectly renovated and maintained jewel box you will have ever seen. Located in High Point Terrace in Memphis, it is centrally located and convenient to shopping, downtown, and East Memphis & minutes to Greenline. The home has two bedroom up with separate baths, walk in closets, updated kitchen, open living space with gas fp, and a

  Laurie McBride Connors Ware Jones, REALTORS

  3742 Charleston Square, Memphis, TN 38122
• 

  

  /37

  $250,000

  • 2 Beds
  • 2.5 Baths
  • 1,200+ Sq Ft

  79 Shoemaker Ct Unit 105, Memphis, TN 38103

  Bring your FHA buyers to this one! We have a spot approval with Supreme Mortgage. Stylish and spacious South Main living in gated State Place! This well-maintained townhome-style condo features a smart layout with one bedroom and full bath down, and a large primary suite up, so perfect for guests, roommates, or work-from-home flexibility. Both bedrooms have brand new carpet. HVAC replaced in

  Amanda Lott BHHS McLemore & Co., Realty

  79 Shoemaker Ct Unit 105, Memphis, TN 38103

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Why Live in Memphis

Memphis stands as the birthplace of Blues, Soul, and Rock 'n' Roll, with legendary music landmarks like Sun Studio, where Elvis Presley and Johnny Cash recorded their earliest hits. The city's rich cultural heritage comes alive through attractions like Graceland, Elvis's iconic mansion, and the National Civil Rights Museum at the Lorraine Motel. Beale Street pulses with live music venues, while outdoor spaces like the 4,500-acre Shelby Farms Park and the Mississippi River waterfront at Tom Lee Park provide natural escapes. The culinary scene features standout restaurants such as Central BBQ, known for hickory-smoked ribs, and Gus's Fried Chicken, a regional icon serving Southern spicy fried chicken.

The Memphis housing market presents diverse options across distinct neighborhoods. Single-family homes in Midtown Memphis have a median price of $310,000, while similar properties in Cooper-Young reach $311,000. Downtown Memphis single-family homes show a median price of $265,000. The median price for townhomes throughout Memphis is $399,000, while one-bedroom condos typically sell for a median price of $161,000.

Memphis maintains a cost of living 10.3% below the national average. A family with school-age children needs approximately $95,000 annually to live comfortably, while single renters require about $55,000. The property tax rate in Shelby County sits at 1.03%, with no state income tax and a combined sales tax rate of 9.56%. Monthly grocery costs average $1,600 for families and $700 for singles. The city's educational landscape includes highly rated institutions like White Station High School serving multiple neighborhoods and private schools such as Hutchison School and Memphis University School. The University of Memphis and Rhodes College add to the academic environment.

Learn more about living in Memphis

Home Trends in Memphis, TN

On average, homes in Memphis, TN sell after 55 days on the market compared to the national average of 52 days. The median sale price for homes in Memphis, TN over the last 12 months is $195,500, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$195,500

Median Single Family Sale Price

$200,000

Median Townhouse Sale Price

$410,000

Median 2 Bedroom Sale Price

$155,450

Median 1 Bedroom Sale Price

$155,000

Average Price Per Sq Ft

$134

Number of Homes for Sale

2,310

Last 12 months Home Sales

5,831

Months of Supply

4.80

Median List Price

$210,000

Median Change From 1st List Price

4%

Median Home Sale Price YoY Change

3%