Interested in investing in the Memphis market?? Here are a few things about the city that make it a great place to invest!!
Memphis is rated as one of the ten best cities for startups
Memphis is the 7th best city to start a business in the US. The availability of resources, attractive corporate taxes, labor costs, industry variety, and the affordability of office space per square foot play major roles in making Memphis a hot start-up destination.
One of the great things about Memphis is affordable accommodation. You can rent a studio apartment for $683 and a one-bedroom house for $770. The monthly rent for a two-bedroom home is approximately $908 while a three-bedroom house is $1,240.You can buy a medium house in Memphis for $124,779, which is much lower than the national average. However, home values have gone up 19.7% over the past year.
One of the best parts of moving to Memphis is that the city's real estate market is known for having some of the most affordable homes in the entire United States. More than 50% of Memphis residents are homeowners and the city's real estate value is constantly on the rise. Here's a simple analysis of Memphis real estate market:
The booming economy of Memphis has significantly contributed to the city’s job market. One of the robust economies in the Southeastern United States, Memphis’ job sector highly stresses manufacturing, transportation, and shipping. If you're mulling over moving to Memphis, here are all the key information you need to know about the city’s job market:
Sign up for our landing page or check out our contacts link for updated investment properties. We specialize in buy and hold as well as fix n flips. We help cater to your investing preference and focus on what can be done to grow your investment portfolio!!!