Exploring Memphis Real Estate Markets for Investors
Investing in Memphis real estate offers unique opportunities due to its diverse sub-markets and steady rental demand. Memphis, known as a distribution hub, has a high percentage of rental properties, making it an attractive market for investors. With major companies like FedEx, Nike, and Amazon operating distribution centers in the city, there is a constant influx of workers needing rental housing. This episode dives into the specifics of different Memphis neighborhoods, exploring their investment potential, average rental yields, and the economic factors that make Memphis a stable and lucrative market for real estate investment.
In this Exploring Memphis Real Estate Markets for Investors episode:
- Whitehaven – Whitehaven, home to Graceland and close to major distribution centers, offers affordable housing with strong rental demand. The area is popular among FedEx and Smith & Nephew employees, providing a steady stream of blue-collar tenants. Investors can find properties around $100,000 with rental yields of $900-$1,200 monthly.
- Raleigh – Raleigh has seen significant growth due to the presence of Nike and Amazon facilities. The city’s investment in infrastructure has boosted property values and rental rates. Homes can be purchased for $70,000-$100,000, with potential rental income of $1,000-$1,400 per month.
- Frayser – Frayser is an emerging market with diverse neighborhoods. The eastern part offers newer homes with good rental prospects. Investors can expect to buy properties for $70,000 and achieve rents around $1,000 monthly. The market shows promising appreciation trends.
- Cordova – Cordova is a desirable area with higher-end properties. While not always hitting the 1% rental yield, it offers stability with professional tenants. Homes priced at $200,000 can rent for $1,800-$2,000 monthly, making it a low-risk investment.
- East Memphis – East Memphis includes areas like Sherwood Forest and Orange Mound. These neighborhoods offer investment opportunities with homes priced around $100,000 and rental income potential of $1,200-$1,400. The proximity to the University of Memphis makes it a vibrant rental market.
- Bartlett – Bartlett, an independent municipality surrounded by Memphis, is known for its desirable living conditions. While property prices are higher, averaging around $190,000, the rental yields are slightly lower but stable. Homes in Bartlett attract long-term tenants, making it a low-risk investment.
Investing in Memphis real estate provides a range of opportunities for both new and experienced investors. The city’s diverse sub-markets, steady rental demand, and strong economic foundations make it a prime location for building a rental property portfolio. Whether you are looking for affordable properties with high rental yields or more stable, higher-end investments, Memphis has something to offer. Understanding the specific characteristics and potentials of neighborhoods like Whitehaven, Raleigh, Frayser, Cordova, East Memphis, Orange Mound, Sherwood Forest, and Bartlett is key to making informed investment decisions. As you explore these opportunities, remember that the long-term benefits of investing in Memphis real estate include not only steady income but also potential property appreciation in a market that remains relatively stable even during economic downturns.
About 5 O’Clock Somewhere Real Estate Podcast
5 O’Clock Somewhere Real Estate Podcast throws out the script, brings common sense back to real estate, and has casual conversations about the one and only market that matters – Memphis! We’re not interested in what some real estate expert from California has to say because we know the truth: Memphis is where the smart investors put their money. Forget about Vegas, Nashville, and the rest of the country, Memphis is the blue-chip stock of the real estate world. We’ll tell you everything you need to know about why Memphis is the safest and hottest place to buy rental real estate, and how you can be a part of a smart investment.
If you would like to join the conversation, participate in an upcoming recording, or just call to bounce ideas off one of our team, you can call or text us at 901-692-7401. Or if you prefer send us a message.
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