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Memphis - Town vs. County Stats
Avg Price in Memphis: $196,000 / County Avg $269,800
Avg Taxes in Memphis: $2,000 / County Avg $2,600
Avg Sq. Ft. in Memphis: 1,739 / County Avg 1,855
Avg Price per/ft2 in Memphis: $113 / County Avg $145
Avg Walkscore in Memphis: 20 / County Avg 32
Avg Year Built in Memphis: 1960 / County Avg 1978
Avg Days on Website in Memphis: 115 / County Avg 96
Memphis Real Estate Market Health
Memphis was established in 1835 and named after Memphis, Egypt, "the City on the Nile." It is located on a bluff overlooking the Belle River.
Memphis has a landmark called "The Thing", which has a state of Michigan historical marker noting Memphis as the home of the first automobile. The marker reads as follows: "Thomas Clegg (1863-1939) and his English-born father, John, built "The Thing," the first recorded self-propelled vehicle in Michigan (and perhaps the country) in 1884-85. The Thing, driven by a single cylinder steam engine with a tubular boiler carried in the rear, seated four. The vehicle was built in the John Clegg & Son machine shop here in Memphis. It ran about 500 miles (800 km) before Clegg dismantled it and sold the engine to a creamery. The shop was razed in 1936, just a short time before Henry Ford offered to buy it for Greenfield Village." It is located on Bordman Road, east of the village limits of Memphis.