NO
On $50,000/yr, the typical $242,102 home in Memphis, TN needs $75,798/yr ($1,769/mo). Your gap: $-25,798 — housing would be 42.4% of your gross income.
The math
242,102 price − 10% down (24,210) = 217,892 loan
30-yr fixed at 7.18% on 217,892 = 1,476/mo principal+interest
+ 293/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,769/mo PITI ÷ 0.28 = 6,316/mo → 75,798/yr required
against Zillow ZHVI 2026-09 and the 7.18% FRED 30-yr rate (2026-11-05).
What salary WOULD clear Memphis, TN?
You need about $75,798/yr for the typical home. That's $25,798 more than $50,000.