NO
On $50,000/yr, the typical $244,737 home in Memphis, TN needs $75,161/yr ($1,754/mo). Your gap: $-25,161 — housing would be 42.1% of your gross income.
The math
244,737 price − 10% down (24,474) = 220,263 loan
30-yr fixed at 6.95% on 220,263 = 1,458/mo principal+interest
+ 296/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,754/mo PITI ÷ 0.28 = 6,263/mo → 75,161/yr required
against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).
What salary WOULD clear Memphis, TN?
You need about $75,161/yr for the typical home. That's $25,161 more than $50,000.