Why Live in Memphis
Memphis, Florida, situated just north of Palmetto, offers a classic suburban lifestyle with proximity to the serene waters of Terra Ceia Bay and the Gulf Coast. This small community is known for its tight-knit feel, where neighbors look out for each other. The area features a mix of classic coastal contemporary homes, mobile parks, and luxury residences with waterfront views and docks. The residential areas are spacious, with grassy yards and abundant palmettos and pine trees. Memphis is served by the highly rated Manatee County School District, including the Manatee School for the Arts, which offers specialized programs in music, dance, and visual and digital arts. Residents enjoy access to several parks, such as Blackstone Park and Emerson Point Preserve, which provide athletic fields, playgrounds, beaches, and walking trails. The Gulf Coast's white sand beaches are only 12 miles away. The community's main commercial area near Palmetto includes grocery stores, local restaurants, and notable establishments like Detwiler's Farm Market. Memphis's location allows for easy commutes to larger cities like St. Petersburg and Tampa via Interstates 75 and 275. The area experiences long, hot summers with frequent storms and mild winters. The crime rate in Memphis is slightly below the national average, making it a relatively safer place to live.
Home Trends in Memphis, FL
On average, homes in Memphis, FL sell after 91 days on the market compared to the national average of 51 days. The median sale price for homes in Memphis, FL over the last 12 months is $279,995, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$279,995
Median Single Family Sale Price
$310,000
Average Price Per Sq Ft
$235
Number of Homes for Sale
17
Last 12 months Home Sales
49
Median List Price
$330,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-11%