Cities with the fastest-growing home prices in the Memphis metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

compiled a list of cities with the most expensive homes in the Memphis, TN-MS-AR metro area using data from . Charts show the monthly typical home value since January 2018.

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#30. Tunica, MS

- 1-year price change: +$3,299 (+2.3%)
- 5-year price change: $-5,913 (-3.9%)
- Typical home value: $144,935 (#46 most expensive city in metro)

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#29. Olive Branch, MS

- 1-year price change: +$3,433 (+1.0%)
- 5-year price change: +$44,615 (+15.5%)
- Typical home value: $332,043 (#14 most expensive city in metro)

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#28. Walls, MS

- 1-year price change: +$3,884 (+1.5%)
- 5-year price change: +$43,946 (+20.5%)
- Typical home value: $258,439 (#25 most expensive city in metro)

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#27. Southaven, MS

- 1-year price change: +$4,027 (+1.5%)
- 5-year price change: +$45,174 (+19.8%)
- Typical home value: $273,007 (#21 most expensive city in metro)

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#26. Munford, TN

- 1-year price change: +$4,368 (+1.5%)
- 5-year price change: +$66,201 (+29.9%)
- Typical home value: $287,522 (#19 most expensive city in metro)

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#25. Byhalia, MS

- 1-year price change: +$4,401 (+1.6%)
- 5-year price change: +$44,370 (+19.2%)
- Typical home value: $275,455 (#20 most expensive city in metro)

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#24. Millington, TN

- 1-year price change: +$4,660 (+2.0%)
- 5-year price change: +$48,076 (+25.1%)
- Typical home value: $239,609 (#30 most expensive city in metro)

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#23. Dundee, MS

- 1-year price change: +$4,823 (+2.8%)
- 5-year price change: $-1,479 (-0.8%)
- Typical home value: $179,921 (#41 most expensive city in metro)

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#22. Covington, TN

- 1-year price change: +$6,023 (+3.0%)
- 5-year price change: +$47,862 (+29.6%)
- Typical home value: $209,520 (#34 most expensive city in metro)

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#21. Gilt Edge, TN

- 1-year price change: +$6,086 (+2.7%)
- 5-year price change: data is not available (data not available)
- Typical home value: $232,406 (#31 most expensive city in metro)

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#20. Marion, AR

- 1-year price change: +$7,350 (+3.2%)
- 5-year price change: +$53,493 (+28.7%)
- Typical home value: $239,668 (#29 most expensive city in metro)

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#19. Hernando, MS

- 1-year price change: +$7,394 (+2.2%)
- 5-year price change: +$51,717 (+17.6%)
- Typical home value: $344,819 (#12 most expensive city in metro)

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#18. Potts Camp, MS

- 1-year price change: +$7,574 (+4.8%)
- 5-year price change: +$5,372 (+3.3%)
- Typical home value: $166,348 (#43 most expensive city in metro)

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#17. Drummonds, TN

- 1-year price change: +$7,842 (+3.0%)
- 5-year price change: +$63,090 (+30.3%)
- Typical home value: $271,205 (#22 most expensive city in metro)

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#16. West Memphis, AR

- 1-year price change: +$8,190 (+6.6%)
- 5-year price change: +$13,660 (+11.4%)
- Typical home value: $133,024 (#48 most expensive city in metro)

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#15. Nesbit, MS

- 1-year price change: +$8,235 (+2.4%)
- 5-year price change: +$53,850 (+17.8%)
- Typical home value: $357,040 (#9 most expensive city in metro)

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#14. Grand Junction, TN

- 1-year price change: +$8,481 (+5.6%)
- 5-year price change: data is not available (data not available)
- Typical home value: $160,130 (#44 most expensive city in metro)

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#13. Coldwater, MS

- 1-year price change: +$9,273 (+3.7%)
- 5-year price change: +$51,990 (+25.3%)
- Typical home value: $257,396 (#26 most expensive city in metro)

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#12. Somerville, TN

- 1-year price change: +$9,730 (+3.4%)
- 5-year price change: +$65,057 (+28.2%)
- Typical home value: $295,420 (#17 most expensive city in metro)

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#11. Sarah, MS

- 1-year price change: +$9,984 (+4.3%)
- 5-year price change: +$40,638 (+20.0%)
- Typical home value: $244,275 (#28 most expensive city in metro)

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#10. Senatobia, MS

- 1-year price change: +$12,949 (+5.5%)
- 5-year price change: +$52,101 (+26.4%)
- Typical home value: $249,229 (#27 most expensive city in metro)

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#9. Mason, TN

- 1-year price change: +$13,223 (+7.4%)
- 5-year price change: +$64,747 (+51.0%)
- Typical home value: $191,737 (#39 most expensive city in metro)

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#8. Moscow, TN

- 1-year price change: +$13,283 (+4.8%)
- 5-year price change: +$55,943 (+23.6%)
- Typical home value: $292,609 (#18 most expensive city in metro)

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#7. Williston, TN

- 1-year price change: +$13,674 (+4.2%)
- 5-year price change: +$71,637 (+27.0%)
- Typical home value: $336,874 (#13 most expensive city in metro)

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#6. Robinsonville, MS

- 1-year price change: +$13,703 (+7.3%)
- 5-year price change: +$36,759 (+22.2%)
- Typical home value: $202,074 (#36 most expensive city in metro)

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#5. Hickory Valley, TN

- 1-year price change: +$14,582 (+7.8%)
- 5-year price change: data is not available (data not available)
- Typical home value: $201,357 (#37 most expensive city in metro)

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#4. Garland, TN

- 1-year price change: +$14,622 (+7.0%)
- 5-year price change: data is not available (data not available)
- Typical home value: $224,817 (#32 most expensive city in metro)

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#3. Lamar, MS

- 1-year price change: +$16,358 (+9.8%)
- 5-year price change: +$13,635 (+8.1%)
- Typical home value: $182,546 (#40 most expensive city in metro)

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#2. Burlison, TN

- 1-year price change: +$16,369 (+8.1%)
- 5-year price change: data is not available (data not available)
- Typical home value: $219,296 (#33 most expensive city in metro)

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#1. Horseshoe Lake, AR

- 1-year price change: +$18,265 (+14.8%)
- 5-year price change: +$5,342 (+3.9%)
- Typical home value: $141,832 (#47 most expensive city in metro)

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