To get straight to the point, the median sale price for the Memphis (Memphis, TN) housing market in 2026 is expected to be around $210,000. This is clear. According to data compiled by Redfin and Houzeo as of May 2026, the median sale price for single-family homes in Memphis is $210,000 (approximately 290 million won), which is an increase of about 8.7% compared to the same period last year. Compared to the national median home price, which exceeds $400,000, Memphis remains one of the most affordable markets in the U.S. Even when expanding the scope to Shelby County, Tennessee, the median price is around $215,000, showing little difference from the city center.

Let's take a closer look at the market trends. As of March 2026, there were 2,293 active listings in Memphis, a significant increase of 29.2% compared to the same month last year. The new listing growth rate is 25.6%, far exceeding the national average of 0.7%. The months of supply is 4.07 months, indicating a balanced market that is neither severely oversupplied nor undersupplied. The reason prices have risen despite the increase in listings is that demand has also increased. In May 2026, the volume of home transactions in Memphis was 1,165, up 22.9% from the previous year.

• Median sale price: $210,000 (up 8.7% year-over-year, as of May 2026)
• Average days on market: 59 days (down 1.7% year-over-year)
• Months of supply: 4.07 months (balanced market)
• Number of active listings: 2,293 (March 2026, up 29.2% year-over-year)
• New listing growth rate: 25.6% (significantly higher than the national average of 0.7%)
• Sale price to list price ratio: 96.29%
• 30-year fixed mortgage rate: approximately 6.7% (as of June 2026)

What do these figures mean from an investment perspective? This is clear. Memphis continues to maintain its competitiveness as a rental income real estate market. There are many areas where you can expect monthly rental prices between $1,400 and $1,600 at a purchase price around $210,000, which corresponds to a gross rental yield of about 8-9%. According to Norada Real Estate's analysis of the 2026 outlook, Memphis home prices are expected to rise an additional 2-6% annually. However, if the inventory growth trend continues, the increase may likely remain at the lower end (2-3%).

Let's also highlight some risk factors to be aware of. Memphis includes several areas at risk of flooding from the Mississippi River, and some ZIP codes have crime rates significantly above the national average, making thorough local selection essential. Additionally, as long as the 30-year fixed mortgage rate remains around 6.7%, the monthly repayment burden will be high, limiting the purchasing power of actual buyers. The fact that the sale-to-list ratio is only 96.29% indicates that sellers are accepting an average discount of 3.7% from their asking prices. This also suggests there is room for negotiation.

In conclusion, the median price for Memphis homes in 2026 is $210,000, which is about half the national average, and the market is active with simultaneous increases in inventory and transaction volume. It remains a viable market for long-term rental investment or for first-time homebuyers. However, the choice of area (ZIP code), flood insurance, and interest rate risk management are crucial for success. (Sources: Redfin, Houzeo, Norada Real Estate, Steadily, Zillow, as of 2026 / This article does not constitute investment or legal advice, and it is recommended to consult with a professional before making any actual contracts.)