Memphis, Tennessee · New Homes

New homes in Memphis.

Memphis is anchored by FedEx's global headquarters and SuperHub, creating tens of thousands of logistics and operations jobs, and St. Jude Children's Research Hospital, drawing world-class medical researchers to a housing market that remains extraordinarily affordable by any national measure.

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New construction is most active in the Shelby County suburbs of Collierville and Arlington, and across the state line in DeSoto County, Mississippi, in Olive Branch and Southaven, with homes from $250,000 to $420,000 in growing communities.

At a glance

Memphis market snapshot

Median Home Price

$215,000

Median Rent

$1,100

Market Trend

Stable

Cost of Living Index

84

Why Memphis

What makes Memphis different

New Construction

New construction is most active in the Shelby County suburbs of Collierville and Arlington, and across the state line in DeSoto County, Mississippi, in Olive Branch and Southaven, with homes from $250,000 to $420,000 in growing communities.

Why People Move Here

FedEx global logistics hub and St. Jude Childrens Research Hospital and affordability and music and cultural heritage and Mississippi River access

Schools

Collierville Schools and Germantown Municipal School District rank among Tennessee highest-performing districts and drive significant premium values in eastern Shelby County suburbs relative to rest of metro.

Top Neighborhoods

Germantown, Collierville, Bartlett, Arlington, Olive Branch MS, and Southaven MS

Major Employers

FedEx global headquarters and SuperHub at Memphis International Airport employing over 30,000 locally and International Paper, AutoZone, St. Jude Childrens Research Hospital, and Baptist Memorial Health system

Who's building

Top builders active in Memphis

D.R. Horton
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Regency Homebuilders

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Common questions

Memphis FAQ

Is Memphis a good place to buy a home?

Memphis offers extraordinary affordability and FedEx logistics employment and St. Jude Childrens Research Hospital and strong suburban school districts.

What is the median home price in Memphis?

The median home price in Memphis is approximately $215,000 making it one of the most affordable major metros with suburban communities ranging significantly higher.

Which Memphis suburbs have the most new construction?

Collierville and Arlington in Tennessee, Olive Branch, and Southaven in Mississippi lead Memphis metro in new home activity.

Is Memphis good for real estate investors?

Memphis offers some of most compelling single-family rental fundamentals of any major metro with accessible acquisition prices and strong rental demand.

What is driving Memphis housing demand?

FedEx global SuperHub and logistics employment and St. Jude Childrens Research Hospital, AutoZone, International Paper, and University of Memphis drive demand.

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