Housing in Collierville
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Collierville, Tennessee
The housing market in Collierville is characterized by higher-than-average property values and a strong homeownership rate. The median home value was $409,000 in March 2026, with the median sale price per square foot at $170 as of May 2026. The homeownership rate in Collierville is high, at 79.9% in 2024. For renters, the average rent for an apartment was $1,696 in July 2026, with one-bedroom units averaging $1,489 and two-bedroom units averaging $1,717. Property taxes are a significant ongoing cost for homeowners, with both town and county taxes applied. [cite: 43 in previous search]
Housing
About Collierville, Tennessee
Collierville, Tennessee, is an affluent suburb of Memphis known for its blend of historic charm and modern amenities. With a projected population of 52,126 in 2026, the town offers a peaceful and welcoming community environment, attracting families and professionals alike. Its meticulously maintained homes, tree-lined streets, and strong sense of community contribute to a high quality of life. Collierville is particularly recognized for its award-winning historic Town Square, top-tier schools, and safe neighborhoods, making it a desirable place to live in the Mid-South.
About Tennessee
Tennessee, known as the "Volunteer State," offers a diverse landscape ranging from the Appalachian Mountains in the east to the Mississippi River in the west, fostering a rich cultural heritage, particularly in music. The state's economy is robust and diversified, with major industries including manufacturing (automotive, chemicals, advanced manufacturing), healthcare, agriculture (soybeans, tobacco, cotton, beef cattle), and tourism. Living in Tennessee is generally considered affordable, with a cost of living approximately 10-15% lower than the national average, and it boasts no state income tax. The climate is predominantly humid subtropical, characterized by warm, humid summers and mild winters, though temperatures vary with elevation. Residents enjoy a lifestyle that blends natural beauty and outdoor recreation with vibrant cultural scenes in its major cities, alongside a strong sense of community.