Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Memphis, TX

Comprehensive demographics, housing data, local amenities, and economic statistics for Memphis.

← Back to Memphis Hub

Community Insights

Affordable Market
$86k median home
lower cost than 96% of the country
Veteran Community
9% of residents
top 22% nationally
Leading Industries
Finance & Insurance · Information & Media · Professional Services
10% finance & insurance
Family-Friendly
29% of residents
well above average
Homeowners
74% of occupied units

People & Demographics

Total Population2,044
Households
Under 18
29.0%
Age 18–34
32.0%
Age 35–64
26.0%
Age 65+
12.0%
Veterans
9.0%
Active Duty
1.0%

Housing & Living

Median Home Value$86,100
Median Gross Rent$529/mo
Owner Occupied
73.6%
Renter Occupied
26.4%
Detached Homes
Built Pre-1940

Economy & Income

Median Household Income$48,459
Poverty Rate

Key Industries

Healthcare5.0%
Professional Services3.0%
Manufacturing0.0%
Retail5.0%
Education2.0%

Amenities & Transit

Transit Score73 / 100
Walkability / Amenities50 / 100
Commute < 15m
Commute 60m+

Education

High School Grad
Bachelor's Degree
15.0%
Master's or Higher
8.0%
School Enrollment

Frequently Asked Questions

What is the population and demographic makeup of Memphis?

The total population of Memphis is approximately 2,044. The community has a large population of young adults (18-34). This demographic data is sourced from the U.S. Census Bureau.

Is Memphis walkable and transit-friendly?

Based on local geographic data, Memphis has an amenity and walkability score of 50/100 and a transit score of 73/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Memphis?

The housing market in Memphis is predominantly driven by homeowners, with 74% of housing units being owner-occupied and 26% being renter-occupied.

What is the education level of residents in Memphis?

In Memphis, approximately 15% of adult residents hold a bachelor's degree or higher. Additionally, 8% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.