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market report · 48062
Memphis, MI · 48062
27 active listings$460,000 median ask$2,569 est. rent0.6% price/rent
$460,000
Median list price
$2,569/mo
Estimated rent
0.6%
Price / rent ratio
27
Listings
FHFA home price index · 2016–2025
81.4% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.24
Median rent / sqft
25 comps
$216.22
Median sold / sqft
25 comps
—
Walkability
5.3%
Area unemployment
BLS LAUS
Median household income $82,045 · median home value $268,400 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 63).
3 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
69291 Emma Dr, Richmond, MI 48062
Richmond, MI
$59,995$1,424/mo2.4%
69295 Emma Dr, Richmond, MI 48062
Richmond, MI
$86,995$1,248/mo1.4%
28780 School Section Rd, Richmond Township, MI 48062
Richmond Township, MI
$250,000$2,398/mo1%
73340 Pitt Rd, Richmond, MI 48062
Richmond, MI
$265,000$2,377/mo0.9%
68457 Rosewood Ln, Richmond, MI 48062
Richmond, MI
$159,500$1,430/mo0.9%
35331 Churchill St, Richmond, MI 48062
Richmond, MI
$220,000$1,780/mo0.8%