What percentage of people rent in Memphis, MO?
28.2% (±8.4 points) of the occupied homes in Memphis, MO are rented (2020–2024 American Community Survey).
That is 177 renting households against 450 that own their home.
In Memphis, the share of households that rent went from 37.2% in 2015–2019 to 28.2% in 2020–2024 (−9.0 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 28.2% (±8.4 points)
- Renting households
- 177 (±63)
- Median renter income
- $29,148 (±$13,844)
Who rents and who owns in Memphis
| Memphis | Scotland County | Missouri | United States | |
|---|---|---|---|---|
| Renter-occupied share | 28.2% (±8.4 points) | 17.6% (±4.2 points) | 31.9% (±0.2 points) | 34.8% |
| Renting households | 177 (±63) | 273 (±72) | 799,814 (±5,177) | 45,017,354 |
| Owning households | 450 (±68) | 1,277 (±92) | 1,708,413 (±9,125) | 84,210,142 |
| Average renter household size | 1.7 (±0.5) | 1.8 (±0.4) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 3.1 (±0.4) | 3.2 (±0.2) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $29,148 (±$13,844) | $29,602 (±$17,276) | $43,288 (±$509) | $52,966 |
| Median owner household income | $71,818 (±$11,244) | $75,313 (±$8,863) | $87,780 (±$425) | $100,009 |
In Memphis, the renter share is higher than in Scotland County (17.6%).
It is not measurably different from Missouri (31.9%).
It is not measurably different from the national figure (34.8%).
In Scotland County, Memphis ranks 2 of 5 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 501 of 1,244.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Memphis has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 37.2% (±7.5 points) | 28.2% (±8.4 points) | −9.0 percentage points | Not a measurable change |
| Median gross rent | $518 (±$97) | $471 (±$107) | −9.1% | Down after inflation |
| Median household income | $37,909 (±$7,219) | $55,125 (±$9,868) | +45.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Memphis
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Memphis | — | 28.2% (±8.4 points) | — |
| Arbela | 8.1 mi | 60.0% (±52.4 points) | Not measurably different |
| Granger | 10 mi | 0.0% (±97.3 points) | Not measurably different |
| South Gorin | 10 mi | 6.9% (±11.1 points) | Lower |
| Downing | 11 mi | 30.1% (±12.1 points) | Not measurably different |
| Rutledge | 11 mi | 17.9% (±23.6 points) | Not measurably different |
| Cantril | 14 mi | 13.5% (±9.3 points) | Lower |
| Wyaconda | 14 mi | 25.0% (±13.4 points) | Not measurably different |
| Milton | 15 mi | 13.4% (±9.0 points) | Lower |
Nearby places with a measurably lower figure: South Gorin, MO (6.9%), Cantril, IA (13.5%), Milton, IA (13.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Scotland County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Arbela | 60.0% (±52.4 points) |
| 2 | Memphis | 28.2% (±8.4 points) |
| 3 | Rutledge | 17.9% (±23.6 points) |
| 4 | South Gorin | 6.9% (±11.1 points) |
| 5 | Granger | 0.0% (±97.3 points) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Memphis
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Memphis, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Memphis beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Memphis, and send estimates and invoices from your phone.
Questions about Memphis
How many renters are there in Memphis?
Memphis has an estimated 177 (±63) renting households, 28.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Memphis?
In Memphis, the share of households that rent went from 37.2% in 2015–2019 to 28.2% in 2020–2024 (−9.0 percentage points), not a measurable change.
How big are renting households in Memphis?
A renting household in Memphis has 1.7 people on average, against 3.1 in an owned home.
How much do renters earn in Memphis?
The median renting household in Memphis, MO has an income of $29,148 (±$13,844) a year, against $71,818 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Memphis city, Missouri
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Memphis city, Missouri
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Memphis city, Missouri
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Memphis city, Missouri
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Memphis city, Missouri
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Memphis city, Missouri (place:47270, in state:29).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Memphis at a glance
- Median rent in Memphis
- Income and affordability in Memphis
- Home values in Memphis
- Homeowner costs in Memphis
- Property taxes in Memphis
- Types of homes in Memphis
- Bedrooms in Memphis
- Age of homes in Memphis
- Heating fuel in Memphis
- Commute and cars in Memphis
- Population growth in Memphis
- How long people stay in Memphis
- Missouri landlord and tenant rules
- Housing across Scotland County
- Missouri places ranked by share of renters
- Housing data for every place in Missouri