The average house in Memphis, Tennessee, sells for about $550,000, according to Zillow, a real estate website.
It’s more than twice the median income in the city, according the most recent census data from the U.S. Census Bureau.
That’s more expensive than in many other American cities, but the median household income is $47,000.
So why are prices so high?
Here’s how the median home in Memphis compares to its other metro areas.