Cities with the fastest growing home prices in Memphis metro area

Written by:
January 19, 2023
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in Memphis metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Memphis, TN-MS-AR metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 55 cities and towns in Memphis.

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Stacker

#30. Horn Lake, MS

- 1-year price change: +$24,651 (+15.1%)
- 5-year price change: +$85,128 (+83.0%)
- Typical home value: $187,663 (#32 most expensive city in metro)
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Stacker

#29. Marion, AR

- 1-year price change: +$25,094 (+12.5%)
- 5-year price change: +$63,921 (+39.7%)
- Typical home value: $225,122 (#27 most expensive city in metro)
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Stacker

#28. Crawfordsville, AR

- 1-year price change: +$26,185 (+15.1%)
- 5-year price change: +$66,362 (+50.0%)
- Typical home value: $199,160 (#29 most expensive city in metro)
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Stacker

#27. Covington, TN

- 1-year price change: +$27,099 (+20.6%)
- 5-year price change: +$65,580 (+70.7%)
- Typical home value: $158,393 (#37 most expensive city in metro)
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Stacker

#26. Millington, TN

- 1-year price change: +$27,299 (+13.8%)
- 5-year price change: +$96,177 (+74.5%)
- Typical home value: $225,194 (#26 most expensive city in metro)

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Stacker

#25. Hernando, MS

- 1-year price change: +$28,019 (+9.1%)
- 5-year price change: +$124,984 (+59.0%)
- Typical home value: $336,741 (#9 most expensive city in metro)
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Stacker

#24. Southaven, MS

- 1-year price change: +$28,640 (+12.0%)
- 5-year price change: +$112,247 (+72.7%)
- Typical home value: $266,562 (#18 most expensive city in metro)
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Stacker

#23. Garland, TN

- 1-year price change: +$29,010 (+19.2%)
- 5-year price change: +$77,763 (+75.9%)
- Typical home value: $180,192 (#35 most expensive city in metro)
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Stacker

#22. Olive Branch, MS

- 1-year price change: +$29,881 (+9.9%)
- 5-year price change: +$130,269 (+64.3%)
- Typical home value: $332,867 (#12 most expensive city in metro)
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Stacker

#21. Gilt Edge, TN

- 1-year price change: +$30,262 (+19.0%)
- 5-year price change: +$77,708 (+69.2%)
- Typical home value: $189,939 (#31 most expensive city in metro)

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#20. Nesbit, MS

- 1-year price change: +$30,536 (+9.5%)
- 5-year price change: +$126,771 (+56.4%)
- Typical home value: $351,666 (#8 most expensive city in metro)
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Stacker

#19. Burlison, TN

- 1-year price change: +$31,396 (+20.9%)
- 5-year price change: +$76,919 (+73.7%)
- Typical home value: $181,273 (#33 most expensive city in metro)
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Stacker

#18. Somerville, TN

- 1-year price change: +$32,055 (+13.6%)
- 5-year price change: +$83,040 (+44.9%)
- Typical home value: $267,810 (#17 most expensive city in metro)
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#17. Williston, TN

- 1-year price change: +$33,265 (+13.1%)
- 5-year price change: +$88,440 (+44.5%)
- Typical home value: $287,130 (#16 most expensive city in metro)
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Stacker

#16. Walls, MS

- 1-year price change: +$34,111 (+17.0%)
- 5-year price change: +$99,543 (+73.6%)
- Typical home value: $234,785 (#24 most expensive city in metro)

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#15. Germantown, TN

- 1-year price change: +$34,607 (+7.8%)
- 5-year price change: +$158,229 (+49.3%)
- Typical home value: $479,293 (#5 most expensive city in metro)
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#14. Cordova, TN

- 1-year price change: +$34,894 (+12.0%)
- 5-year price change: +$137,821 (+73.2%)
- Typical home value: $326,154 (#13 most expensive city in metro)
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Stacker

#13. Bartlett, TN

- 1-year price change: +$36,152 (+12.1%)
- 5-year price change: +$141,350 (+72.7%)
- Typical home value: $335,843 (#10 most expensive city in metro)
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Stacker

#12. Clarkedale, AR

- 1-year price change: +$36,357 (+12.2%)
- 5-year price change: +$100,341 (+43.0%)
- Typical home value: $333,433 (#11 most expensive city in metro)
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Stacker

#11. Brighton, TN

- 1-year price change: +$37,672 (+18.4%)
- 5-year price change: +$98,129 (+68.0%)
- Typical home value: $242,419 (#21 most expensive city in metro)

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Stacker

#10. Drummonds, TN

- 1-year price change: +$38,593 (+19.0%)
- 5-year price change: +$99,313 (+69.8%)
- Typical home value: $241,684 (#22 most expensive city in metro)
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Stacker

#9. Collierville, TN

- 1-year price change: +$38,947 (+8.6%)
- 5-year price change: +$168,419 (+51.7%)
- Typical home value: $494,259 (#4 most expensive city in metro)
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Stacker

#8. Munford, TN

- 1-year price change: +$40,898 (+19.3%)
- 5-year price change: +$103,635 (+69.3%)
- Typical home value: $253,152 (#19 most expensive city in metro)
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Stacker

#7. Arlington, TN

- 1-year price change: +$42,325 (+11.5%)
- 5-year price change: +$158,394 (+62.8%)
- Typical home value: $410,473 (#7 most expensive city in metro)
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#6. Lakeland, TN

- 1-year price change: +$43,948 (+11.1%)
- 5-year price change: +$161,777 (+58.2%)
- Typical home value: $439,572 (#6 most expensive city in metro)

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#5. Oakland, TN

- 1-year price change: +$44,038 (+15.9%)
- 5-year price change: +$107,790 (+50.7%)
- Typical home value: $320,438 (#15 most expensive city in metro)
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#4. Atoka, TN

- 1-year price change: +$53,084 (+19.4%)
- 5-year price change: +$134,303 (+70.0%)
- Typical home value: $326,110 (#14 most expensive city in metro)
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#3. Hickory Withe, TN

- 1-year price change: +$63,493 (+13.9%)
- 5-year price change: +$160,246 (+44.6%)
- Typical home value: $519,627 (#3 most expensive city in metro)
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Stacker

#2. Rossville, TN

- 1-year price change: +$72,751 (+15.9%)
- 5-year price change: +$179,514 (+51.3%)
- Typical home value: $529,698 (#2 most expensive city in metro)
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Stacker

#1. Piperton, TN

- 1-year price change: +$84,211 (+14.3%)
- 5-year price change: +$223,174 (+49.5%)
- Typical home value: $674,435 (#1 most expensive city in metro)

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