Memphis, TN Housing Market Brief
metro · TN · as of May 2026
What is Memphis, TN’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Memphis, TN in its market cycle?
Memphis, TN is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Memphis, TN housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Days on Market | 54 days | ▼ -3.6% |
How has Memphis, TN’s Alpha Score moved?
Markets like Memphis, TN
- Dallas-Fort Worth-Arlington, TXmetro37
- Charlotte-Concord-Gastonia, NCmetro34
- San Antonio-New Braunfels, TXmetro36
- Virginia Beach-Norfolk-Newport News, VAmetro36
- Indianapolis-Carmel-Anderson, INmetro41
- Richmond, VAmetro33
- Chicago-Naperville-Elgin, ILmetro34
- Houston-The Woodlands-Sugar Land, TXmetro35
- Detroit-Warren-Dearborn, MImetro39
- Greenville, SC metro areametro40
Frequently asked questions
Is Memphis, TN a buyer's or seller's market?
As of May 2026, Memphis, TN is classified as a Buyer's Market, based on its Alpha Score of 39 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
How affordable is Memphis, TN?
Memphis, TN scores 32 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Memphis, TN's Alpha Score?
Memphis, TN's strongest dimension is Rental Yield (63/100) and its weakest is Inventory Health (6/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Memphis, TN? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.