The housing market in Memphis, IN (47143) is a great option for those looking to buy a home. The median value in the area is $273,000, which is significantly lower than the US median of $338,100. Additionally, the one year house appreciation rate in Memphis is 13.41%, much higher than the US rate of 8.27%. This makes Memphis an attractive option for potential buyers and investors alike who are looking to benefit from a flourishing housing market.
The median home cost in Memphis (zip 47143) is $273,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Memphis (zip 47143) is up 15.2%.
Average Age of Homes
- The median age of Memphis (zip 47143) real estate is 24 years old
The Rental Market in Memphis (zip 47143)
- Renters make up 8.2% of the Memphis (zip 47143) population
- 0.0% of houses and apartments in Memphis (zip 47143), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.