MEMPHIS

AT A GLANCE

METRO POPULATION

2.4 MILLION

UNEMPLOYMENT RATE

3.2%

MEDIAN MONTHLY RENT

$1,100

MEDIAN HOME PRICE

$233,000

AVERAGE HIGH/LOW TEMPS

82.8ºF/62.8ºF

AVERAGE ANNUAL SALARY

$44,000

Information from realestate.usnews.com

MARKET HIGHLIGHTS

WHY INVEST IN MEMPHIS

As the second largest metro area in the region, Memphis is located in the Southwestern corner of Tennessee. With a rich history stretching back for decades, Memphis is a hub for jobs, transportation, and a great place to live. Within Memphis lie the Mississippi River, Memphis International Airport (a major hub for FedEx), and several railroads. 

Home to cultural festivals, parks, BBQ contests, and Graceland, Memphis is a wonderful place to live and work. With a diverse and growing population, Memphis is on track for a promising future. 

MARKET HIGHLIGHTS

  • #1 for property appreciation between 2011 and 2014 (Moody’s Case-Schiller Index)

  • Average market price of properties is 21% lower than the national average 

  • Risk of average home price decline: LOW – (PMI U.S. Market Risk Index Summer, 2012)

  • Home of great corporations such as Federal Express, Autozone, Medtronic and InternationalPaper 

  • The city’s location and transportation infrastructure have made it a focal point for manufacturing and distribution operations in the central United State (Wikipedia)

  • Home to a growing number of nationally and internationally known corporations, including approximately 150 businesses from 22 countries (Wikipedia)

  • St. Jude Children’s Research Center 

  • UT Medical School 

  • LeBohneur Children’s Hospital 

  • Methodist University Hospital 

  • Memphis Biotech Research Park 

  • MedTech Headquarters & Research facility

SAMPLE PROPERTIES

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465 Lilly Drive

Built in 2021, 1774 square feet, 4 bedrooms, 2 bathrooms.

Purchase Price

$250,000

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5055 Waters Edge Cove

Built in 1990, 1903 square feet, 3 bedrooms, 2 bathrooms.

Purchase Price

$207,500

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4467 Ryans Run

Built in 1988, 1316 square feet, 3 bedrooms, 2 bathrooms.

Purchase Price

$160,000