Why Live in Memphis
Memphis, Michigan, offers a small-town atmosphere ideal for those seeking a stable community. Located along Highway 19, with easy access to Interstate 94, residents can conveniently travel to Detroit. The city features a variety of home styles, including bungalow-style homes with medium-sized porches, ranch-style homes with detached garages or long driveways, charming colonials, and colorful Victorians. Homes typically range from 1,000 to 2,000 square feet, with at least three bedrooms and one bathroom. The downtown area has closely spaced homes, while larger lots are found on the outskirts. Memphis boasts several parks, such as Old School Park, Ed Musial Memorial Park, and Memphis Lion Park, offering playgrounds, picnic areas, and fields for recreational activities. The community schools, including Memphis Elementary School and Junior/Senior High School, have high ratings and focus on engaging and empowering students. Main Street is the hub for local shops and unique dining options like Great Lakes Café, Doghouse Tavern, and Arctic Queen. For groceries, residents travel about eight miles to Richmond. While nightlife is minimal, the Memphis Days Festival in August provides ample opportunities for community engagement with events like the Duck Dash 5K, Neighborhood Parade, and Fireworks. The Memphis Public Library also hosts weekly educational and fun events. Overall, Memphis features a blend of charming homes, recreational parks, and community-focused activities, making it a welcoming place to live.
Frequently Asked Questions
What is the average home price in Memphis, MI?
Homes for sale in Memphis, MI have an average home price of $257,155.
Are home prices dropping in Memphis?
Yes, home prices in Memphis are down 16% in the last 12 months.
How many homes have sold over the last 12 months in Memphis, MI?
9 homes have sold in Memphis, MI over the last 12 months.
What are the most popular zip codes in Memphis, MI?
How much do you need to make to afford a house in Memphis?
The median home price in Memphis is $309,900. If you put a 20% down payment of $62,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,610 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Memphis.
How are the schools in Memphis, MI?
Home Trends in Memphis, MI
On average, homes in Memphis, MI sell after 43 days on the market compared to the national average of 69 days. The median sale price for homes in Memphis, MI over the last 12 months is $309,900, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$309,900
Median Single Family Sale Price
$309,900
Average Price Per Sq Ft
$167
Number of Homes for Sale
0
Last 12 months Home Sales
9
Median List Price
$309,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%