Median Home PriceBETTER
$215,746.14
Median RentBETTER
$1,363.63/mo
Price-to-Rent RatioBETTER
13.2
Property Tax RateTIE
0.71%
Price Change (1Y)BETTER
-1.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$47,776
Median Home Price
$429,291.95
Median Rent
$1,779.5/mo
Price-to-Rent Ratio
20.1
Property Tax RateTIE
0.71%
Price Change (1Y)
-1.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$241,386
Key Differences
Home Prices
Memphis's median home price of $215,746.14 is lower than Nashville's $429,291.95 by 50%.
Monthly Rent
Renting in Memphis costs $1,363.63/mo compared to $1,779.5/mo in Nashville—a difference of $415.87/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.