Compare: Jackson vs Memphis
Home Values in Jackson and Memphis
|Zillow Home Value IndexWhat's this?||$87,700||vs||$65,500|
|Median List Price||$124,500||vs||$95,000|
|Median Sale Price||$115,700||vs||$120,600|
|Total Homes Sold in Oct||128 homes||vs||1101 homes|
Jackson, TN tends to be more expensive for home buyers than Memphis, TN. During the last year, Jackson home values have fallen by 1.8%, while Memphis home values have risen by 9.7%. The median sale price in Jackson is $115,700, but the median listing price was $124,500, a 7.1% discount. Meanwhile in Memphis, the median selling price is $120,600, and the starting price had a median of $95,000, a 26.9% increase. In October, Jackson home sellers managed to move 128 houses, while Memphis saw 1101 transactions.
Demographics in Jackson and Memphis
|Median Household Income||$33,194||vs||$32,285|
|Homes with Kids||27.0%||vs||27.0%|
|Average Household Size||2.4||vs||2.5|
|Average Commute Time (Minutes)||19||vs||24|
At $32,285, the median income in Memphis is $909 less than in Jackson, and $12,227 lower than the national average. Jackson has an older median age, at 35, compared to 34 in Memphis, and a shorter average commute. The average commute in Memphis is 24 minutes and the average commute in Jackson is 19 minutes.
Homes for Sale in Jackson and Memphis
Jackson vs Memphis