MEMPHIS
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AT A GLANCE
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METRO POPULATION
1.4 MILLION
UNEMPLOYMENT RATE
4.1%
AVERAGE MONTHLY RENT
$1,600 - $2,200
AVERAGE HOME PRICE
$220,000 - $320,000
AVERAGE HIGH/LOW TEMPS
82.8ºF/62.8ºF
AVERAGE ANNUAL SALARY
$55,840
Information from realestate.usnews.com
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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 lies 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
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According to Bloomberg, Memphis has been the #1 metro area in the U.S. for job creation when compared to the average area employment rate over the past 10 years.
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Blue Oval City, Ford’s $5.6 Billion Electric Vehicle production plant scheduled to open in 2025, will create 30,000 new jobs, and contribute $3.5 Billion annually to Tennessee’s gross state product.
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Memphis has an affordability index of 2 out of 10, meaning the metro area is one of the most affordable places to own a home in the U.S.
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#1 for property appreciation between 2011 and 2014 (Moody’s Case-Schiller Index)
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Average market price of properties is 21% lower than the national average
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Risk of average home price decline: LOW – (PMI U.S. Market Risk Index Summer, 2012)
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Home of great corporations such as Federal Express, Autozone, St. Jude Children's Research Hospital, Nike, Medtronic and International Paper
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The city’s location and transportation infrastructure have made it a focal point for manufacturing and distribution operations in the central United State (Wikipedia)
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