Rent vs Buy in Memphis, TN

Memphis, TN Assumptions

Home Purchase
Ongoing Costs
Rental
Growth
Tax
Projection

Buy Net Worth

Rent Net Worth

Break-Even

Verdict

Net Worth Over Time — Memphis, TN

Year-by-Year Comparison

Year-by-year rent vs buy comparison for Memphis, TN
Year Buy
Net Worth
Rent
Net Worth
Difference Monthly
Buy Cost
Monthly
Rent

Cities & Towns in Memphis, TN

This calculator's defaults reflect the broader Memphis, TN metropolitan area, including:

  • Memphis
  • Bartlett
  • Collierville
  • Germantown
  • Cordova
  • Olive Branch (MS)
  • Southaven (MS)
  • Lakeland
  • Arlington

Region: South. Housing cost-of-living index: 70 (national avg = 100). Composite cost-of-living: 87.

About this Memphis, TN estimate

The default home price and rent come from the Memphis, TN metropolitan area's housing cost-of-living index applied to national 2025 medians ($420,000 home, $1,850/mo rent for a typical 2-3 BR). The property tax rate is the average effective rate for Tennessee per the Tax Foundation. These are starting points — adjust to match your specific listing, neighborhood, and tax bill.