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Memphis Mortgage Quotes And Real Estate


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Memphis Mortgage and Real Estate Facts

Overview

There are 250,810 housing units in Memphis. An estimated 56% of living spaces in the city are occupied by their owners, not by renters.

Memphis Mortgage

In Memphis, 72% of non-rental housing carries a mortgage. In the city 13% of the housing has a mortgage beyond the initial new home purchase mortgage, such as a home equity loan or second mortgage.

Mortgage and interest rate quotes for the Memphis area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Memphis Mortgage Statistics

CategoryValue
Homes With No Mortgage28%
With A Mortgage72%
First Mortgage Only59%
Second Mortgage or Home Equity Loan13%
Second Mortgage Only8%
Home Equity Loan Only5%

Memphis Housing Expenses

CategoryValue
Owner Costs as % of Income19.6%
Median Real Estate Taxes (2000)$913

Memphis Household Size

CategoryValue
Total Occupied250,810
1-Person Households31%
2-Person Households29%
3-Person Households17%
4-Person Households12%
5-Person Households6%
6-Person Households3%
7+-Person Households2%

Memphis Housing Stock

CategoryValue
Median Year Built1966
Median Year Built (Owner Occupied)1963
Median Year Built (Renter Occupied)1970

Memphis Home Heating

CategoryValue
Using Utility Co. Gas Heat70%
Using Bottled/Tank Gas Heat1%
Using Electric Heat29%
Using Oil Heat0%
Using Coal0%
Using Wood Heating0%
Using Solar Heat0%
Other Heating0%
No Heating0%

Memphis Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom2%
2 Bedrooms20%
3 Bedrooms57%
4 Bedrooms17%
5+ Bedrooms4%

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