What percentage of people rent in Memphis, TX?

Name: Renters and owners in Memphis, TX, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

27.2% (±6.6 points) of the occupied homes in Memphis, TX are rented (2020–2024 American Community Survey).

That is 244 renting households against 654 that own their home.

In Memphis, the share of households that rent went from 37.3% in 2015–2019 to 27.2% in 2020–2024 (−10.1 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 27.2% (±6.6 points)
Renting households: 244 (±75)
Median renter income: $25,909 (±$14,061)

Who rents and who owns in Memphis

Tenure, estimate (90% margin of error)
	Memphis	Hall County	Texas	United States
Renter-occupied share	27.2% (±6.6 points)	26.4% (±6.0 points)	37.4% (±0.2 points)	34.8%
Renting households	244 (±75)	309 (±86)	4,113,561 (±20,050)	45,017,354
Owning households	654 (±85)	860 (±74)	6,879,255 (±32,101)	84,210,142
Average renter household size	2.4 (±0.5)	2.5 (±0.5)	2.4 (±0.0)	2.3
Average owner household size	2.4 (±0.3)	2.3 (±0.2)	2.9 (±0.0)	2.6
Median renter household income	$25,909 (±$14,061)	$27,460 (±$9,529)	$53,222 (±$285)	$52,966
Median owner household income	$51,333 (±$8,112)	$51,157 (±$5,800)	$100,555 (±$369)	$100,009

In Memphis, the renter share is not measurably different from Hall County (26.4%).

It is also lower than in Texas (37.4%).

It is lower than the national figure (34.8%).

In Hall County, Memphis ranks 1 of 4 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 660 of 1,421.

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 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	37.3% (±7.8 points)	27.2% (±6.6 points)	−10.1 percentage points	Not a measurable change
Median gross rent	$517 (±$116)	$491 (±$138)	−5.0%	No measurable change after inflation
Median household income	$33,079 (±$4,707)	$47,639 (±$15,516)	+44.0%	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

Nearest places with a published estimate, compared with Memphis
Place	Distance	Households that rent	Compared with this place
Memphis	—	27.2% (±6.6 points)	—
Lakeview	9.6 mi	22.2% (±21.7 points)	Not measurably different
Hedley	12 mi	20.8% (±13.3 points)	Not measurably different
Estelline	14 mi	0.0% (±76.7 points)	Not measurably different
Wellington	21 mi	27.1% (±9.7 points)	Not measurably different
Clarendon	25 mi	38.7% (±10.2 points)	Not measurably different
Childress	25 mi	34.5% (±9.7 points)	Not measurably different
Dodson	30 mi	22.2% (±37.0 points)	Not measurably different
Howardwick	30 mi	1.7% (±2.3 points)	Lower

Nearby places with a measurably lower figure: Howardwick, TX (1.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Hall County, place by place

Rank	Place	Households that rent
1	Memphis	27.2% (±6.6 points)
2	Turkey	23.4% (±16.0 points)
3	Lakeview	22.2% (±21.7 points)
4	Estelline	0.0% (±76.7 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Memphis

How many renters are there in Memphis?

Memphis has an estimated 244 (±75) renting households, 27.2% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Memphis?

In Memphis, the share of households that rent went from 37.3% in 2015–2019 to 27.2% in 2020–2024 (−10.1 percentage points), not a measurable change.

How big are renting households in Memphis?

A renting household in Memphis has 2.4 people on average, against 2.4 in an owned home.

How much do renters earn in Memphis?

The median renting household in Memphis, TX has an income of $25,909 (±$14,061) a year, against $51,333 for households that own their home.

Sources

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, Texas (place:47616, in state:48).

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.

Request a Census API 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.