Memphis Tennessee
Memphis continues on a steady growth cycle in both job creation, new development and property value. The metropolitan area does not take wild rises or dips in these areas – just fairly steady growth and slight dips.
Memphis is home to some of the country´s great corporations including, Federal Express, Autozone, Medtronic and International Paper. It´s central location also makes Memphis a great business hub for many small to medium sized companies. It´s easy access to rail lines, ports and world class airport make it the distribution capital of the country which means a continued supply of quality jobs.
Memphis ranks as one of the top “affordable” cities to live in in the country with the suburb of Bartlett, TN. recently being ranked as one of the top 100 suburbs in America. The cost of housing ranks among the most affordable in the nation and well below national average.
Vacancy rates continue to stay below the national average, while the percentage of Memphians renting their dwelling continues to eclipse the national average by almost 90%. With over 45% of the cities population renting, the opportunity to keep an investment property occupied with a quality tenant remains high.
Top 10 of 50 best major metro areas for starting or growing a business – Inc Magazine
#16 of “America’s Top 50 Hottest Cities” – Expansion Management Magazine
Top Ten Hottest US Markets for Mortgage Lenders – Mortgage Bankers Association
Top Ten Cities to Invest in Real Estate – Business 2.0
One of Five Great Places to Retire – AARP
#1 on Home affordable housing for retires – CNN Money Magazine
2nd Most Undervalued Market in the Nation with 20% of houses selling for less than their fair market value and Houses in Memphis selling for 28% less than the national – Richard Dekaser, National City Corp.
17th Largest City in United States
1.2 million residents in Metro Area
680,000 Residents in Memphis
Home to busiest cargo airport in the world
FedEx Global World Hub – 30,000 employees
3rd largest railroad center in U.S.
More trucking companies based here than anywhere in the Nation
One of only 4 major cities the new I-69 Interstate (Canada to Mexico) will pass through
Major shipping port for barge traffic
Continued Expansion of Memphis as a Major Medical HUB for U.S.
St. Jude Children’s Research Center,
UT Medical SchoolLeBohneur Children’s Hospital,
Methodist University Hospital,
Memphis Biotech Research Park – Currently under construction
MedTech Headquarters & Research facility
Overall cost of living is 10% below the national average
No state income tax
45% of the population rents compared to the national average – of 28%
5 Year appreciation 18.76%
No major swings in pricing Up or Down
9th most foreclosures with 1 in 49 homes foreclosing – Realty Trac