Collierville, Tennessee.
Typical home $502,630 (-1.4% in a year), asking rent $1,891 (+2.2%). Memphis, TN-MS-AR metro.
to buy the typical home at today's mortgage rate — +$1,311 (+99%) since Jan 2020.
- 1 year
- Down $6,983 -1%
- $509,612$502,630 since Sep 2025
- 5 years
- Up $64,564 +15%
- $438,066$502,630 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Collierville$2,638
- Tennessee$1,737
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 25 years.
Typical home values in Collierville, TN fell 1.4% over the past year — slower than the nation's +1.2%.
Asking rents in Collierville, TN rose 2.2% over the past year — slower than the nation's +2.7%.
Owning the typical home in Collierville runs $1,693/mo more than renting one. The gap peaked at $1,938 in Oct 2023.
That is $3,585 a month against $1,891 rent: a $2,638 mortgage payment, plus $408 property tax and $538 insurance & upkeep.
Owning vs renting — Collierville
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,585
- Renting$1,891
- Mortgage only$2,638
Property tax · $408/mo 0.98% of value a year — the ACS 2020-2024 median bill over the median home value for Shelby County, TN
Insurance & upkeep · $538/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Collierville, Shelby County, Tennessee
Collierville is a town of 51,324 people in Shelby County. Half its households earn more than $138,598 a year and half less, against $63,767 across Shelby County; 3% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Collierville was 3.3% in August 2026, and Shelby County had 2.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then transport and warehouses.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Collierville is a town in Shelby County where most homes are lived in by their owners, and where incomes run well above the county's. Residents are somewhat older than in many places, a large share hold a four-year degree, and very few live below the poverty line. Typical home values and rents are on the high side, and the commute to work is of middling length.
Work. Many residents work in schools, hospitals and social care, followed by transport, warehouses and utilities, professional and business services, and manufacturing. Among the largest workplaces in Collierville are the FedEx WTC Complex, Carrier Corporation and Collierville Schools. Unemployment is low and close to where it stood a year ago, though across Shelby County there are somewhat fewer jobs than the year before, and a fair number of residents work from home.
Things to do. Shelby Farms, a park, and Oaklawn Garden, a botanical garden, are both a short drive away. The Memphis Zoo and the National Civil Rights Museum are a longer drive away. Winters are mild and rarely snowy, summers are hot, and rain falls plentifully through the year.
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- 18,161households
- 62%of adults have a degree
- 3%below the poverty line
- 25 mintypical commute
- 21%work from home
What residents work in
Employed residents by industry, from the Census survey. Shelby County had 471,160 jobs in 2025, 2.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 50° and lows near 29°; warmest in July, with highs near 91° and lows near 70°. About 1 inches of snow and 57 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Collierville weather station, 3 miles away (NOAA).
Largest workplaces in Collierville
- FedEx WTC ComplexTransportation air cargo2,381
- Carrier Corporation (Collierville)Air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing1,262
- Collierville SchoolsSchool district1,029FTE
- Orgill Corporate OfficeHardware merchant wholesalers827
- Baptist Memorial Hospital - ColliervilleGeneral medical and surgical hospitals439
- WalmartWarehouse clubs and supercenters367
- Helena Agri-EnterprisesAgricultural chemicals merchant wholesalers317
- Jolly Roofing and ContractingRoofing contractors314
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 42 workplaces with 20 or more staff, 9,233 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Heat wavesRelatively high
- EarthquakesRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
- Inland floodingrelatively high in parts of ColliervilleRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Collierville’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Shelby County and the Memphis, TN-MS-AR metro.
Collierville home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Collierville$502,630
- Tennessee$330,844
- United States$366,157
Sellers are cutting prices on about 1 in 3 Collierville listings, and the typical home goes pending in 47 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Collierville38.60%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Collierville47
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Collierville314
New listings per month
Sellers arriving at the market.
- Collierville66
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Collierville$487,616
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Collierville97.93%
Zip codes with a Collierville address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Collierville — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.