Memphis vs Independence: Housing
| Memphis | Independence | |
|---|---|---|
| Median Home Value | $132,800 | $172,900 |
| Median Gross Rent | $471/mo | $1,109/mo |
| Homeownership Rate | 71.8% | 60.9% |
| Rent as Share of Income | 10.3% | 22.1% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.