The story of this market
The typical home in Shelby County, Tennessee sells for about $250,000, or $155 per square foot.
Prices are down 2.8% from a year ago, which gives buyers more room to negotiate. Homes take about 72 days to sell, which is slow. Over the long run, values in this county have grown 94% since 2000. Last year 69 of 143 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is heat wave, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,301 a month.
HUD sets the fair market rent for a 2-bedroom at $1,301 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+17.2%). Worst: 2010 (-3.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
-0.4%
TN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,717
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 143 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
71
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $554,679,688.
Mortgage activity
Home lending in this county
73.5%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 35783 | 17170 | 73.5% | 29.6% | $125,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Shelby County, Tennessee
The Shelby County housing market is currently characterized by a balance between supply and demand, with median home values showing modest growth despite broader economic headwinds. High interest rates and affordability challenges continue to impact buyer activity, leading to longer days on market compared to previous years.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 7 cities · 33 ZIP reports
Median prices moved down 11.3% year over year.
Homes spend a median of 62 days on market with 0.2 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 18.17% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 17.8% — a mixed stability profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 33 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Shelby County, Tennessee — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 7, 2026.
researched Sep 17
researched Sep 17
researched Sep 21
researched Sep 17
researched Sep 21
researched Sep 16
researched Sep 21
researched Sep 21
researched Sep 17
researched Sep 17
| 38002 | Arlington | $520,000 | $178 | +2.2% | 57 | 98.2% | 18.5% | 3.1 | 342 | $1,753 | researched Sep 17 |
| 38017 | Collierville | $559,734 | $175 | +1.4% | 49 | — | — | — | 401 | $1,609 | researched Sep 17 |
| 38018 | Cordova | $293,750 | $142 | -2.9% | 70 | 96% | — | 2.2 | 198 | $1,716 | researched Sep 21 |
| 38053 | Millington | $248,000 | $165 | -1.7% | 62 | 98.5% | 15% | 4.2 | 160 | $1,161 | researched Sep 17 |
| 38103 | Memphis | $292,425 | $146 | +0.7% | 49 | — | — | 1.2 | 207 | $1,661 | researched Sep 21 |
| 38104 | Memphis | $280,459 | $174 | -22% | 56 | — | — | — | 58 | $1,112 | researched Sep 16 |
| 38105 | Memphis | $185,000 | $109 | -10.9% | 62 | — | — | — | 120 | $997 | researched Sep 21 |
| 38106 | Memphis | $69,785 | $63 | +11.7% | 58 | — | — | — | 198 | $952 | researched Sep 21 |
| 38107 | Memphis | $157,000 | $90 | 0% | 70 | 95% | — | — | 112 | $1,073 | researched Sep 17 |
| 38108 | Memphis | $70,295 | $71 | -5.5% | 31 | — | — | — | 123 | $902 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Shelby County experiences higher rates of violent and property crime compared to the national average, with trends remaining a significant focus for local law enforcement and community safety initiatives.
School quality varies significantly across the county, with suburban districts generally outperforming the urban core, which faces ongoing challenges in academic achievement and resource allocation.
The county faces moderate risks from severe thunderstorms and wind events, with localized flood risks in low-lying areas near the Mississippi River and its tributaries.
The economy is anchored by logistics, healthcare, and education, with major employers including FedEx, St. Jude Children's Research Hospital, and the University of Memphis driving regional momentum.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Tennessee) — Tennessee Property Tax Assessment: Property is assessed at a percentage of its fair market value: 25% for residential property. The tax amount is calculated by multiplying the assessed value by the local tax rate (per $100 of assessed value).
The economy is heavily reliant on the logistics and transportation sector, bolstered by the presence of the FedEx global hub and a growing healthcare and biomedical research cluster.
The county is served by a network of major interstates including I-40, I-55, and I-240, facilitating significant freight and commuter traffic.
The Shelby County Assessor of Property conducts periodic reappraisals to ensure assessments reflect current market values in accordance with state law.
The county is served by various utility districts and the Memphis-Shelby County Airport Authority, which manages regional aviation infrastructure.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and storm damage, leading to competitive but rising costs.
- Dave & Buster's Memphis49 mi
- K1 Speed Memphis4.75.3 mi
- Urban Air Trampoline and Adventure Park4.27.6 mi
- Urban Air Trampoline and Adventure Park4.213.9 mi
- Jumping World4.14.8 mi
- Memphis Zoo4.64.2 mi
- FedExForum4.77.1 mi
- Crosstown Concourse4.75.3 mi
- Renasant Convention Center4.57.3 mi
- B.B. King's Blues Club4.67.3 mi
- Graceland4.57.9 mi
- Memphis Zoo4.64.2 mi
- National Civil Rights Museum4.97.5 mi
- Malco Paradiso4.51.9 mi
- Shelby Farms Park4.85.3 mi
- Graceland4.57.9 mi
- National Civil Rights Museum4.97.5 mi
- Crosstown Concourse4.75.3 mi
- Sun Studio4.86.4 mi
- Lorraine Motel4.97.5 mi
- Shelby Farms Park4.85.3 mi
- Memphis Botanic Garden4.71.2 mi
- Tom Lee Park4.67.8 mi
- Overton Park4.63.8 mi
- Snowden Grove Park4.612 mi
- Topgolf Memphis3.58.1 mi
- TPC Southwind4.89.6 mi
- Windyke Country Club4.810.1 mi
- Cherokee Valley Golf Club4.512.4 mi
- Mirimichi Golf Course4.412.1 mi
- Tanger Outlets Southaven4.513.7 mi
- Wolfchase Galleria4.29.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
One of the largest urban parks in the country, offering extensive trails, lakes, and recreational facilities.
The historic home of Elvis Presley, serving as a major international tourist attraction.
A historic district famous for its blues music clubs, restaurants, and nightlife.
Data retrieved from census.gov and DataUSA profiles.
applies when — Applies to residential parcels created as condominiums on or after January 1, 2009.
Governs the creation, management, and operation of condominium associations, including unit owner rights, common element maintenance, and assessment authority.
Tennessee Code Annotated, Title 66, Chapter 27.
applies when — Applies to residential parcels governed by a homeowners' association or declaration of covenants.
Imposes specific constraints on associations, including: vested rights for owners to maintain long-term rentals if covenants are amended, prohibition on foreclosure for failure to pay special assessments for nonessential amenities, and requirements for fidelity bonds.
Tennessee Code Annotated, Title 66, Chapter 27, Parts 6-10.
applies when — Applies to residential parcels encumbered by a deed of trust or mortgage containing a power of sale clause.
Allows for non-judicial foreclosure. Requires public notice at least 20 days in advance of the sale, published in a newspaper in the county and/or posted on the secretary of state's website. The trustee must be a licensed Tennessee attorney.
Tennessee Code Annotated, Title 35, Chapter 5; amended by HB1355 (2023) and HB1155 (2011).
Property is assessed at a percentage of its fair market value: 25% for residential property. The tax amount is calculated by multiplying the assessed value by the local tax rate (per $100 of assessed value).
Tennessee Code Annotated, Title 67, Chapter 5; assessments are based on status as of January 1 annually.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.