Compare: Memphis vs Germantown
Home Values in Memphis and Germantown
|Zillow Home Value IndexWhat's this?||$66,700||vs||$269,600|
|Median List Price||$93,000||vs||$349,000|
|Median Sale Price||$113,800||vs||$284,900|
|Total Homes Sold in Nov||1050 homes||vs||82 homes|
Memphis, TN tends to be less expensive for home buyers than Germantown, TN. During the last year, Memphis home values have risen by 6.2%, while Germantown home values have risen by 5.4%. The median sale price in Memphis is $113,800, but the median listing price was $93,000, a 22.4% increase. Meanwhile in Germantown, the median selling price is $284,900, and the starting price had a median of $349,000, a 18.4% discount. In November, Memphis home sellers managed to move 1050 houses, while Germantown saw 82 transactions.
Demographics in Memphis and Germantown
|Median Household Income||$32,285||vs||$94,609|
|Homes with Kids||27.0%||vs||41.7%|
|Average Household Size||2.5||vs||2.8|
|Average Commute Time (Minutes)||24||vs||24|
At $94,609, the median income in Germantown is $62,324 more than in Memphis, and $50,097 higher than the national average. Memphis has a younger median age, at 34, compared to 37 in Germantown, and the same average commute. The average commute in Germantown is 24 minutes and the average commute in Memphis is 24 minutes.
Homes for Sale in Memphis and Germantown
Memphis vs Germantown