Memphis, Texas.
Typical home $77,847 (+7.2% in a year).
to buy the typical home at today's mortgage rate — +$56 (+16%) since Feb 2022.
- 1 year
- Up $5,202 +7%
- $72,645$77,847 since Sep 2025
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$409
- Texas$1,556
- United States$1,922
Typical home values in Memphis, TX rose 7.2% over the past year — faster than the nation's +1.2%.
Living in Memphis, Hall County, Texas
Memphis is a city of 2,048 people in Hall County. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Hall County was 4.6% in August 2026, and the county had 3.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then farming.
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 It can be wrong or out of date.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 Hall County, in the Texas Panhandle. Most homes are lived in by their owners, and typical home values are modest. Winters are cool and summers are hot, and the year brings only a little rain and melted snow.
Work. Many residents work in schools, hospitals and social care, and farming and ranching also employ a share of people. Across Hall County, Memphis ISD and Memphis Convalescent Center are among the largest workplaces. Commutes are short, and almost no one works from home.
Things to do. For time on the water, the closest options are a longer drive away. Lake Childress and Baylor Creek Reservoir are a lake and a reservoir, and Little Red River and Mulberry Creek are rivers, all a longer drive away.
Report a mistake
- 898households
- 20%of adults have a degree
- 17%below the poverty line
- 14 mintypical commute
- 1%work from home
What residents work in
Employed residents by industry, from the Census survey. Hall County had 738 jobs in 2025, 3.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 53° and lows near 25°; warmest in July, with highs near 96° and lows near 70°. About 22 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 Hall County
- Memphis ISDSchool district108FTE
- Memphis Convalescent CenterNursing homes43
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1 workplace with 20 or more staff, 43 people in all across the county; Memphis has two of its own. 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
- DroughtVery high
- Strong windVery high
- HailVery high
- Winter weatherVery high
- TornadoesVery high
- WildfireRelatively high
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, very high. 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 Hall 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$77,847
- Texas$296,424
- 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.
- Memphis13
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
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.