2 min read Nov 19, 2022

How Much Does it Cost to Build a House in Memphis, TN?

How Much Does it Cost to Build a House Memphis, TN

If you are tired of looking for homes online and attending open houses in person you might feel like giving up on home buying altogether. In such a circumstance home sellers often turn towards buying land and building their own house instead. But the question is how much does it cost to build a house in Memphis and can you afford it?

How Much Does it Cost to Build a House in Memphis, TN?

It costs about $290,000 on average to build a house, as of August 2022. This is much more than the median home value of $268,737 in the same month. So, is building a house more expensive than buying one?

Well, it depends. When building a house of your own you have to account for land costs, labor costs, material costs, and more which vary across regions. So even if $250,000 is the average, homeowners usually spend about $110,640 – $448,411 to build a house from scratch.

So, in some cases building a house costs more than the median home value, and thus it will be more expensive than buying a new one.

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How Much Does It Cost to Build a House Memphis Tennessee

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