Memphis, IN housing market
The typical Memphis home is worth about $297,000, up 1.6% in a year, 14% above the Indiana typical home. Homes typically sell in 103 days, close to asking.
Home values, sales, trends and how Memphis compares with the towns next door — updated as new data is published.
Memphis at a glance
A balanced market
About 5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Memphis | Indiana |
|---|---|---|
| 2017 | $172,000 | $135,000 |
| 2018 | $181,000 | $144,000 |
| 2019 | $196,000 | $154,000 |
| 2020 | $207,000 | $164,000 |
| 2021 | $228,000 | $183,000 |
| 2022 | $257,000 | $209,000 |
| 2023 | $271,000 | $227,000 |
| 2024 | $282,000 | $237,000 |
| 2025 | $290,000 | $249,000 |
| 2026 | $298,000 | $256,000 |
| August 2026 | $297,000 | $260,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,910
HUD's Fair Market Rent for a two-bedroom in Memphis is $1,910 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $1,450 · 4 bedrooms $2,840
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47143; Louisville, KY-IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Memphis
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.