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Memphis Ranks #7 in U.S. Home Affordability
Description
Memphis just snagged the seventh spot on a new national affordability ranking, beating out pricey cities like California and New York while proving Tennessee’s housing market is a smart bet for buyers. With a 70 out of 100 affordability score and a median home price of just $216,000, Memphis stands out against Nashville’s $500K median — and it’s not alone, with Murfreesboro and Knoxville also making the list. The study reveals a stark divide: nine of the ten least affordable cities are in California, while Memphis and other Tennessee cities offer a more wallet-friendly path to homeownership.
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