Real Estate Investment: Memphis
Investing in Memphis, "The City of Good Abode"
Memphis, Tennessee has long been known as "The City of Good Abode", where decent housing and real estate is plentiful and affordable. With lots of land and a flat topography, Memphis has developed into a suburban city of mostly detached homes with decent-sized yards. Homes in Memphis can be acquired at prices below the national average for similar structures. Despite this, Memphis has a home ownership rate that is also below the national average, so there's a large and continuous demand for rental houses.
For a real estate investor, it's the best of both worlds!
Memphis is home to major corporations such as FedEx, International Paper, and AutoZone. Thanks to its location in the heart of America, at the convergence of major transportation arteries including railroads, highways, and the Mississippi River, Memphis is one of the largest distribution centers in the nation, as well as a major airline hub. Memphis is also home to one of the largest medical centers and biotech research centers in the world, including St. Jude Children's Research Hospital, the University of Tennessee medical and dental schools, and major medical companies such as Smith & Nephew Orthopedics.
All of these industries bring in temporary workers and generate a stream of employees in transit, resulting in a small but constant market for more upscale rental property. Because of this, Memphis provides an excellent real estate investment opportunity.
For more about Memphis, visit the Memphis Regional Chamber of Commerce and the Memphis Convention & Visitors Bureau.