NO
On $50,000/yr, the typical $247,919 home in Memphis, TN needs $74,481/yr ($1,738/mo). Your gap: $-24,481 — housing would be 41.7% of your gross income.
The math
247,919 price − 10% down (24,792) = 223,127 loan
30-yr fixed at 6.69% on 223,127 = 1,438/mo principal+interest
+ 300/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,738/mo PITI ÷ 0.28 = 6,207/mo → 74,481/yr required
against Zillow ZHVI 2026-06 and the 6.69% FRED 30-yr rate (2026-08-06).
What salary WOULD clear Memphis, TN?
You need about $74,481/yr for the typical home. That's $24,481 more than $50,000.