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Studio Homes for Sale in Memphis, TN

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  • /15

    $199,700

    • Land
    • 2.96 Acres
    • $67,466 per Acre

    5259 Stage Rd, Memphis, TN 38134

    PRIME R-10 DEVELOPMENT OPPORTUNITY2.96 Acres | 5259 Stage Road, Bartlett, TN 38134$227,000 | 6-12 Home SitesTHE NUMBERS SPEAK FOR THEMSELVESLand cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes)In a market where Bartlett median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices?Quick ROI

    Jason Miller eXp Realty

    5259 Stage Rd, Memphis, TN 38134
  • /10

    $13,997

    • Land
    • 0.34 Acre
    • $41,168 per Acre

    0 Dunnavant St Unit Memphis TN 38106, Memphis, TN 38106

    Owner Financing Available - This 0.34 acre lot is located in Memphis, Tennessee and the address is Dunnavant St, Memphis, TN 38106.Memphis, Tennessee, is a vibrant city on the Mississippi River, rich in history, culture, and Southern charm. Known as the birthplace of blues, soul, and rock 'n' roll, Memphis has been a major influence on American music and cultural heritage. With a

    Benjamin Davis LandDirectUSA.com

    0 Dunnavant St Unit Memphis TN 38106, Memphis, TN 38106
  • /3

    Call for Price

    • Land
    • 1 Acre

    6476 Winchester Rd, Memphis, TN 38115

    FOR SALE: +/- 1.0 acre Pad Site on Winchester Road at an entrance to the 185k SF grocery-anchored Hickory Commons shopping center, joining Popeyes, a gas station, and several other service business outparcels.

    Woodcrest Inc Woodcrest Enterprises Inc

    6476 Winchester Rd, Memphis, TN 38115
  • /22

    $27,997

    • Land
    • 0.72 Acre
    • $38,885 per Acre

    280 Bullington Ave Unit Memphis TN 38106, Memphis, TN 38106

    Owner Financing Available - This 0.72 acre lot is located in Memphis, Tennessee and the address is 280 Bullington Avenue, Memphis, TN 38106.Memphis, Tennessee, is a vibrant city on the Mississippi River, rich in history, culture, and Southern charm. Known as the birthplace of blues, soul, and rock 'n' roll, Memphis has been a major influence on American music and cultural heritage. With a

    Benjamin Davis LandDirectUSA.com

    280 Bullington Ave Unit Memphis TN 38106, Memphis, TN 38106
  • /3

    $900,000 Pre-Foreclosure

    • Land
    • 3.54 Acres
    • $254,237 per Acre

    645 E Georgia Ave, Memphis, TN 38126

    Foreclosure Auction - 42,000+/-SF Multi-Use Commercial Building on 3.54+/- Acres Iconic 42,000 +/- Square Foot Former Club Paradise Entertainment and Event Venue with Deep Cultural and Musical Heritage. Expansive 3.54-Acre +/- Site with Ample Surface Parking Zoned CMU-1, Allowing Flexible Commercial and Mixed-Use Strategically Located Within 2 Mile of Downtown Memphis and the Entertainment

    Edward Durnil Tranzon Asset Advisors

    645 E Georgia Ave, Memphis, TN 38126
  • /41

    $34,900

    • Land
    • 5.34 Acres
    • $6,536 per Acre

    S Weaver Rd, Memphis, TN 38109

    Build your future on this R-6 zoned (Residential Single-Family) property near Memphis!With public water and sewer available, and electricity at the nearest street, this property is ready for development. No HOA or deed restrictions mean you have the freedom to design your ideal home or investment project. It’s also subdividable, offering excellent potential for growth.Enjoy the

    Luke Harris Country Land Sellers

    S Weaver Rd, Memphis, TN 38109
  • /26

    $189,900

    • Land
    • 27.73 Acres
    • $6,848 per Acre

    0 Horn Lake Rd Unit 25756508, Memphis, TN 38109

    Memphis, TN, Shelby Co., 27 +/- acres, $189,900! Beautiful wooded acreage on Horne Lake Road! Preserved by a conservation easement! Perfect natural estate to build your dream home! Call or email Mike Newsome for details.

    Mike Newsome U S Land & Farms, LLC

    0 Horn Lake Rd Unit 25756508, Memphis, TN 38109
  • /25

    $1,249,000

    • Studio
    • 9,100 Sq Ft

    179 Vance Ave, Memphis, TN 38103

    Multifamily****AIRBNB****This place is HUGE with 9000 sqft. 2 Units. Each Unit is 7 bedrooms 3 Baths. Private parking lot that has 12 parking spaces. Building is 2 blocks from the FedEx Forum. Please note: this is not a luxury place. Its shabby-chic so don’t expect high end finishes.

    Chris Garland Crye-Leike, Inc., REALTORS

    179 Vance Ave, Memphis, TN 38103
  • /8

    $75,000

    • Studio
    • 4 Baths
    • 2,222 Sq Ft

    1314 S Willett St, Memphis, TN 38106

    Property is currently a house church. Property was converted from a duplex to religious use.

    Sonja Hester Progressive Realty Services

    1314 S Willett St, Memphis, TN 38106

Why Live in Memphis

Memphis stands as the birthplace of Blues, Soul, and Rock 'n' Roll, with legendary music landmarks like Sun Studio, where Elvis Presley and Johnny Cash recorded their earliest hits. The city's rich cultural heritage comes alive through attractions like Graceland, Elvis's iconic mansion, and the National Civil Rights Museum at the Lorraine Motel. Beale Street pulses with live music venues, while outdoor spaces like the 4,500-acre Shelby Farms Park and the Mississippi River waterfront at Tom Lee Park provide natural escapes. The culinary scene features standout restaurants such as Central BBQ, known for hickory-smoked ribs, and Gus's Fried Chicken, a regional icon serving Southern spicy fried chicken.

The Memphis housing market presents diverse options across distinct neighborhoods. Single-family homes in Midtown Memphis have a median price of $310,000, while similar properties in Cooper-Young reach $311,000. Downtown Memphis single-family homes show a median price of $265,000. The median price for townhomes throughout Memphis is $399,000, while one-bedroom condos typically sell for a median price of $161,000.

Memphis maintains a cost of living 10.3% below the national average. A family with school-age children needs approximately $95,000 annually to live comfortably, while single renters require about $55,000. The property tax rate in Shelby County sits at 1.03%, with no state income tax and a combined sales tax rate of 9.56%. Monthly grocery costs average $1,600 for families and $700 for singles. The city's educational landscape includes highly rated institutions like White Station High School serving multiple neighborhoods and private schools such as Hutchison School and Memphis University School. The University of Memphis and Rhodes College add to the academic environment.

Frequently Asked Questions

What is the average home price in Memphis, TN?
Homes for sale in Memphis, TN have an average home price of $261,892.
How many homes have sold over the last 12 months in Memphis, TN?
6,175 homes have sold in Memphis, TN over the last 12 months.
Is Memphis, TN a safe city?
In general, the safest neighborhoods in Memphis, TN with lower crime scores are River Oaks, Poplar Pines, Greentrees, Gray's Creek and Southern Shelby County.
What are the most popular zip codes in Memphis, TN?
The most popular zip codes in Memphis, TN include 38106, 38680, 38654, 38002 and 38611.
What are the most popular neighborhoods in Memphis, TN?
The most popular neighborhoods in Memphis, TN with the most homes for sale are Frayser, Cordova, East Memphis, Whitehaven and South Memphis.
How much do you need to make to afford a house in Memphis?
The median home price in Memphis is $210,000. If you put a 20% down payment of $42,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $1,030 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $44K a year to afford the median home price in Memphis. Learn how much home you can afford with our Home Affordability Calculator.
How are the schools in Memphis, TN?
Memphis, TN has highly rated public and private schools. Some of the best schools in Memphis based on Niche Grades are Christian Brothers High School, Heritage Baptist Academy and Hutchison School. The neighborhoods in Memphis with the highest rated schools are River Oaks, Kirby Woods and Poplar Pines. Browse all the schools in Memphis, TN to learn more.

Home Trends in Memphis, TN

Housing Trends

Median Sale Price
$202,000
Median Single Family Sale Price
$200,000
Median Townhouse Sale Price
$399,999
Median 2 Bedroom Sale Price
$154,950
Median 1 Bedroom Sale Price
$144,800
Average Price Per Sq Ft
$133
Number of Homes for Sale
2,098
Last 12 months Home Sales
6,175
Months of Supply
4.10
Median List Price
$210,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
7%
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