How has the Memphis, TN housing market recovered?

LawnStarter recently produced a study on housing recovery in the Memphis, TN area.

Key Findings

• The median home value in Memphis, TN-MS-AR has reached $121k - 89% of the area's pre-recession peak of $136k.
• In terms of recovery, the region is ahead of the US and behind Tennessee. Home values in these regions have reached 86% and 102% of peak values, respectively.
• Memphis ranks #40 among top 100 metro areas in the country in terms of recovery, and #194 across all metros.
• Of metro areas in Tennessee, Memphis ranks #19 in terms of recovery.

Most Resilient Cities in the Memphis, TN-MS-AR Metro Area

1. Williston
2. Lamar
3. Somerville
4. Moscow
5. Hickory Withe
6. Germantown
7. Collierville
8. Atoka
9. Arlington
10. Lakeland

Most Resilient Metros in TN

1. Lewisburg, TN
2. Nashville-Davidson--Murfreesboro--Franklin, TN
3. Shelbyville, TN
4. McMinnville, TN
5. Newport, TN
6. Clarksville, TN-KY
7. Cleveland, TN
8. Cookeville, TN
9. Tullahoma-Manchester, TN
10. Knoxville, TN