Memphis vs Springfield: Housing
| Memphis | Springfield | |
|---|---|---|
| Median Home Value | $132,800 | $177,700 |
| Median Gross Rent | $471/mo | $964/mo |
| Homeownership Rate | 71.8% | 43.9% |
| Rent as Share of Income | 10.3% | 23.5% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.