The median home value in Memphis, TX is $67,025. This is lower than the county median home value of $71,797. The national median home value is $308,980. The average price of homes sold in Memphis, TX is $67,025. Approximately 54% of Memphis homes are owned, compared to 24% rented, while 21% are vacant. Memphis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Memphis real estate agent to arrange a tour today! Learn more about Memphis Real Estate.