How much does it cost to buy a house in Memphis, IN?

In May 2026 Memphis homes were listed to buy for a median price of $279K, which is a 20% decrease to April 2025 last month, and a 19% decrease to May 2025 last year. The median value of a home listed to buy in Memphis in May 2026 was $145 per sqft, which is a 29% decrease to April 2025 last month, and a 28% decrease to May 2025 last year.

Is it affordable or expensive to live in Memphis, IN?

It is affordable to live in Memphis. Buying a home in Memphis is 1% less expensive compared with the national average.

Is it a good time to buy property in Memphis, IN?

Yes now is a good time to buy property in Memphis, in May 2026, homes in Memphis have decreased in value (price per sqft) by 28% in the last year compared with May 2025.

Is the Memphis, IN housing market slowing down?

In May 2026, homes to buy in Memphis spent an median 162 days on the market, a same May 2025 last year.

What are the best and safest places to live in Memphis, IN?

The best and safest neighborhoods to live in Memphis in May 2026 are Elmcroft, Innisbrook, The Landings Estates, The Landings, Bridgepoint, Fox Harbor, Heritage Place, Hunting Creek, Danbury Oaks, The Harbor at Harrods Creek

How much money should I make to buy a house in Memphis, IN?

In May 2026, Memphis homes were listed to buy for a median price of $279K, with 25% down you would need $1.55K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $53.3K.

Is it a good time to sell my house in Memphis, IN?

Yes now is a good time to sell your house in Memphis, in May 2026, homes in Memphis have decreased in value (price per sqft) by 28% in the last year compared with May 2025.

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Memphis, IN Real Estate Snapshot

List Price

$278,945

$/Sqft

$145

Homes For Sale

Home Size

2,014 Sqft

Days on Movoto

147

Frequently Asked Questions about Memphis, IN

The Movoto Advantage

Movoto gives you access to the most up-to-the-minute real estate information in Memphis. As a licensed brokerage in Indiana (and across the United States), Movoto has access to the latest real estate data including Memphis Homes for Sale, Memphis Single family for Sale, Memphis Multi family/Duplex for Sale, Memphis Land for Sale, Memphis New Construction for Sale, Memphis Rentals, Memphis Apartments for Rent, Memphis Single Family for Rent, Memphis Recently Sold Homes, Memphis Waterfront for Sale, Memphis Foreclosures for Sale.

Real Estate & Homes For Sale Nearby Memphis, IN

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