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Memphis, Tennessee Mortgage and Housing Information
Population: 650,100
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Memphis
Income
| U.S. | Tennessee | Memphis | |
|---|---|---|---|
| Median Earnings | $27,239 | $25,028 | $22,731 |
| Median Earnings, Males | $32,396 | $30,220 | $25,152 |
| Median Earnings, Females | $22,097 | $20,522 | $21,427 |
Males earn $3,725 (17.4%) more than Females in Memphis.
Commuting in Memphis
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 210,619 |
| Carpooled | 43,159 |
| Public Transit | 8,270 |
| Bicycle | 304 |
| Walking | 5,300 |
| Other Means | 2,538 |
| Total, Commuted | 270,190 |
| Worked from home | 4,744 |
| Total | 274,934 |
Time Spent Commuting in Memphis
Time spent commuting in Memphis
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 5,082 |
| 5-9 | 22,430 |
| 10-14 | 37,308 |
| 15-19 | 56,101 |
| 20-24 | 54,522 |
| 25-29 | 19,716 |
| 30-34 | 44,498 |
| 35-39 | 4,759 |
| 40-44 | 4,701 |
| 45-59 | 10,499 |
| 60-89 | 5,814 |
| Over 90 | 4,760 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 41,513 | 22.5% | 48,423 | 26.3% |
| Associate Degree | 8,123 | 4.4% | 9,359 | 5.1% |
| Bachelor's Degree | 20,980 | 11.4% | 29,084 | 15.8% |
| Master's Degree | 8,392 | 4.6% | 12,391 | 6.7% |
| Professional Degree | 4,026 | 2.2% | 2,971 | 1.6% |
| Doctorate Degree | 2,618 | 1.4% | 1,961 | 1.1% |
| Total (at least some college) | 85,652 | 46.5% | 104,189 | 48.6% |
| Total over 25 | 184,279 | 100% | 214,326 | 100% |
Housing in Memphis
Value of Houses and Condos
| U.S. | Tennessee | Memphis | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $123,100 | $90,900 |
Monthly Owner Costs
| U.S. | Tennessee | Memphis | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,072 | $1,114 |
| Without a mortgage | $399 | $295 | $427 |
Tenancy in Memphis
| Owner-occupied homes | 136,669 |
|---|---|
| Renter-occupied homes | 112,167 |
| Homes for sale | 6,499 |
| Homes for rent | 17,130 |
| Total | 294,262 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Memphis (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 37,764 | 27.6% |
| First Mortgage Only | 81,237 | 59.4% |
| Second Mortgage and/or Home Equity Loan | 17,668 | 12.9% |
| Total | 136,669 | 100% |
Age of Memphis Residents
| Males | Females |
|---|---|
| 30 | 33 |
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