Memphis, TN Renovation & Remodeling Costs, Contractors & Guides

Gavop's guide to renovation and remodeling costs covers median expenditures by source of fund, household income, age group and race. It also compares professional vs do-it-yourself costs and offers the list of top contractors and home improvement lenders in Memphis, TN.

Compare Cost Estimates from Multiple Contractors & Save Big!

Professional Vs Do it Yourself Renovation & Remodeling Costs in Memphis, TN | Back to Top

Professional Cost (dollars) Do -It-YourSelf Cost (dollars)
National 2,000 600
Memphis 1,500 500

Renovation & Remodeling Costs in Memphis, TN by Race | Back to Top

Whites Alone (dollars) Blacks Alone (dollars) American Indian or Alaska native alone (dollars) Pacific Islander Alone (dollars) Asian Alone (dollars) Two or More Races (dollars)
National 1,400 1,000 800 800 2,000 1,000
Memphis 1,300 800 14,100 NA 1,000 740

Renovation & Remodeling Costs in Memphis, TN by Source of Funds | Back to Top

Cash from savings (dollars) Cash from refinancing home (dollars) Home equity loan (dollars) Homeowners insurance settlement (dollars) Credit card or retail store charge card (dollars) Contractor arranged financing (dollars) Something else (dollars)
National 1,100 3,500 4,200 5,000 1,100 4,500 1,900
Memphis 960 2,000 6,000 5,000 750 3,400 1,500

Renovation & Remodeling Costs in Memphis, TN by Household Income | Back to Top

Renovation Cost for Income level <$29,999 Renovation Cost for Income level <$30,000 to $59,999 Renovation Cost for Income level <$60,000 to $99,999 Renotovation Cost for Income level >$100,000
National 1,000 1,000 1,200 1,950
Memphis 800 1,000 1,000 1,500

Renovation & Remodeling Costs in Memphis, TN by Age Category | Back to Top

Under 25 years old (dollars) 25 to 29 years old (dollars) 30 to 34 years old (dollars) 35 to 44 years old (dollars) 45 to 54 years old (dollars) 55 to 64 years old (dollars) 65 to 74 years old (dollars) 75 years old and over (dollars)
National 600 810 1,000 1,100 1,300 1,500 1,800 1,400
Memphis 580 700 655 800 1,200 1,200 1,200 1,300

Top Home Improvement Lenders in Memphis, TN | Back to Top

2017
Company Name Total Loan Originations Total Loan Approval Rate in (%) Average Loan Amount in (dollars)
CITIZENS BANK 77 89.53 53
SYCAMORE BANK 56 88.89 173
SUNTRUST BANK 49 23.33 6
FIRST SECURITY BANK 22 84.62 729
BANK OF HOLLY SPRINGS, THE 19 79.17 286
REGIONS BANK 18 23.68 137
SECURITYNATIONAL MORTGAGE COMPANY 17 54.84 1,184
MERCHANTS & FARMERS BANK 17 85.00 97
BANCORPSOUTH BANK 16 69.57 3,303
UNITED STATES SENATE EMPLOYEES FEDERAL CREDIT UNION 16 100.00 45

Note: All costs are median expenditures