Memphis, Missouri.
Typical home $114,436 (+3.2% in a year).
to buy the typical home at today's mortgage rate — +$314 (+109%) since Jan 2020.
- 1 year
- Up $3,578 +3%
- $110,858$114,436 since Sep 2025
- 5 years
- Up $7,083 +7%
- $107,353$114,436 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$601
- Missouri$1,393
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 54 years.
Typical home values in Memphis, MO rose 3.2% over the past year — faster than the nation's +1.2%.
Living in Memphis, Scotland County, Missouri
Memphis is a city of 1,731 people in Scotland County. Half its households earn more than $55,125 a year and half less, against $68,913 across Scotland County; 12% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Scotland County was 3.4% in August 2026, and the county had 2.2% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
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 It can be wrong or out of date.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 city and the seat of Scotland County, in the northeast corner of Missouri. Household incomes here run below the county's, and most homes are lived in by their owners rather than rented. Few adults hold a four-year degree, and a typical home costs a good deal less than in many parts of the country.
Work. Many residents work in schools, hospitals and social care, with shops, manufacturing and other services also employing a good number. Among the largest workplaces in Memphis are the Scotland County R-I school district, Scotland County Memorial Hospital and WP Beverages. Most people have a short trip to work, and some work from home. Unemployment across Scotland County has eased a little over the past year, and the county has added jobs.
Things to do. Allen Creek and Billups Branch are small rivers a short drive away, good for a walk along the water. Farther out, Shimek State Forest and Lacey-Keosauqua State Park are protected areas for hiking and time outdoors, each a longer drive. Winters are cold, with some snow, and summers are warm.
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- 627households
- 20%of adults have a degree
- 12%below the poverty line
- 16 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Scotland County had 1,296 jobs in 2025, 2.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 14°; warmest in July, with highs near 86° and lows near 64°. About 19 inches of snow and 37 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Memphis weather station, under a mile away (NOAA).
Largest workplaces in Memphis
- Scotland Co. R-I SchoolsSchool district184FTE
- Scotland County Memorial HospitalCritical access hospital128FTE
- WP BeveragesSoft drinks merchant wholesalers34
- Prairieland FSAgricultural chemicals merchant wholesalers26
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 60 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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 wavesVery high
- LightningVery high
- HailRelatively high
- Strong windRelatively high
- TornadoesRelatively high
- Winter weatherRelatively 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 Scotland County.
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$114,436
- Missouri$265,387
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Memphis14
New listings per month
Sellers arriving at the market.
- Memphis5
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.