Memphis home prices (US$/m²): returns since 2012
Memphis home prices, measured as the typical value per square meter (data: Redfin). This is the value of the property itself — bricks and mortar — not an investor's total return.
It excludes rent received and all costs (closing, property taxes, maintenance, vacancy). Compare it against U.S. inflation (CPI) and the S&P 500 below to see whether Memphis real estate kept up.
Memphis is among the most affordable large U.S. metros, a Mid-South city on the Mississippi River whose economy is anchored by one of the world's busiest cargo airports and a vast logistics and distribution sector. Its housing has long ranked at the low end nationally, and the metro experienced a notable 2008-era downturn with elevated foreclosure activity before a slow recovery. Prices here have been shaped by local incomes and a large rental market more than by speculation. The figures below reflect the value of the property itself, separate from rent and carrying costs.
Cumulative return by window (in U.S. dollars)
| Window | Cumulative |
|---|---|
| 1 year | -2% |
| 5 years | 11% |
| 10 years | 88% |
Largest historical drop: -23% · annual volatility: 24% . Typical home price per m² (Redfin). Excludes rent received, closing costs, property taxes, maintenance and vacancy — the value of the property itself, not the investor's total return.
All pages
Descriptive, educational content computed from official public data. Not investment advice. Past performance does not guarantee future results.