Memphis, Indiana.
Typical home $295,642 (+1.3% in a year). Louisville/Jefferson County, KY-IN metro.
to buy the typical home at today's mortgage rate — +$802 (+107%) since Jan 2020.
- 1 year
- Up $3,872 +1%
- $291,770$295,642 since Sep 2025
- 5 years
- Up $45,902 +18%
- $249,740$295,642 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.
- Memphis$1,552
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 21 years.
Typical home values in Memphis, IN rose 1.3% over the past year — in step with the nation.
Living in Memphis, Clark County, Indiana
Memphis, in Clark County, had 1,077 people in the 2020 census. Unemployment in Clark County was 3.6% in August 2026, and the county had 1.2% more jobs in 2025 than the year before. The most people in Clark County work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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. Memphis is a small community in Clark County, Indiana, home to a small number of residents. Homes here are valued well above what is typical for many parts of the country, and no one in town is recorded as living below the poverty line. Winters are cold, with January the coldest month, and summers are warm and fairly hot by July, so the seasons are clearly marked.
Work. Residents work mostly in schools, hospitals and social care, with many others in manufacturing, shops, and restaurants, hotels and entertainment. Across Clark County, some of the largest workplaces are Amazon, Clark Memorial Hospital and Greater Clark County Schools. Unemployment across the county is unchanged from a year earlier, and the county had slightly more jobs last year than the year before. Few people work from home, and the typical commute is a moderate one.
Things to do. Clark State Forest and Charlestown State Park are both protected areas a short drive away, and Fourteen Mile Creek, also close, is a river for those who like to be near the water. A longer drive brings you to Louisville, where the Louisville Zoo is a popular outing, and the Muhammad Ali Center is a museum for a quieter afternoon.
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- 0%below the poverty line
- 26 mintypical commute
- 4%work from home
What people in Clark County work in
Employed residents by industry, from the Census survey. Clark County had 59,952 jobs in 2025, 1.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 41° and lows near 23°; warmest in July, with highs near 88° and lows near 66°.
Average daily high and low, 1991–2020, at the Scottsburg weather station, 13 miles away (NOAA).
Largest workplaces in Clark County
- AmazonGeneral warehousing and storage2,367
- Clark Memorial HospitalGeneral hospital1,350FTE
- Greater Clark County SchoolsSchool district1,080FTE
- Communications Test DesignWarehouse testing, logistics and repair1,019
- PharmaCord - HiltonCustomer service call centers800
- Pegatron Technology ServicesConsumer electronics repair and maintenance services without retailing new consumer electronics578
- Medline IndustriesWholesale distribution of medical, dental, and hospital equipment and supplies507
- U.s. Census BureauFederal government · Department of Commerce470
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 150 workplaces with 20 or more staff, 21,945 people in all across the county; Memphis has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); 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
- Strong windVery high
- TornadoesVery high
- Inland floodingRelatively high
- LightningRelatively high
- Cold wavesRelatively high
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Memphis’ 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 Clark County and the Louisville/Jefferson County, KY-IN metro.
Memphis home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Memphis$295,642
- Indiana$257,165
- United States$366,157
Sellers are cutting prices on about 1 in 2 Memphis listings — 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.
- Memphis41.77%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Memphis25
New listings per month
Sellers arriving at the market.
- Memphis8
Zip codes with a Memphis address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Memphis — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.