Compare: Memphis vs North Loop
Home Values in Memphis and North Loop
|Zillow Home Value IndexWhat's this?||$65,900||vs||$195,600|
|Median List Price||$85,000||vs||$289,900|
|Median Sale Price||$101,700||vs||$248,900|
Memphis, TN tends to be less expensive for home buyers than North Loop, Minneapolis. During the last year, Memphis home values have risen by 2.6%, while North Loop home values have risen by 7.6%. The median sale price in Memphis is $101,700, but the median listing price was $85,000, a 19.6% increase. Meanwhile in North Loop, the median selling price is $248,900, and the starting price had a median of $289,900, a 14.1% discount.
Demographics in Memphis and North Loop
|Median Household Income||$32,285||vs||$53,601|
|Homes with Kids||27.0%||vs||1.7%|
|Average Household Size||2.5||vs||1.3|
|Average Commute Time (Minutes)||24||vs||19|
At $53,601, the median income in North Loop is $21,316 more than in Memphis, and $9,089 higher than the national average. Memphis has an older median age, at 34, compared to 34 in North Loop, and a longer average commute. The average commute in North Loop is 19 minutes and the average commute in Memphis is 24 minutes.
Homes for Sale in Memphis and North Loop
Memphis vs North Loop