Investing in Memphis Real Estate
Memphis is one of the country's best-known cash-flow markets, with low prices, strong gross yields, and a major logistics economy. As with all low-cost markets, neighborhood and condition diligence is critical.
Memphis market snapshot
Typical home value
$147,949
Typical rent / mo
$1,257
Est. gross yield
10.2%
Home values in Memphis (2000–2026)
Zillow Home Value Index — typical home value, quarterly.
Estimated gross rental yield in Memphis
Estimated as annualized typical rent ÷ typical home value (since 2015).
Estimate, not a true cap rate. Gross yield excludes taxes, insurance, vacancy, and maintenance — a real cap rate (net of expenses) will be lower. For directional comparison only.
Source: Zillow Research (ZHVI, ZORI). Updated 2026-03-31.
Single-family in Memphis
Affordable single-family homes post strong yields and are heavily targeted by turnkey and BRRRR investors.
Read the playbook →Multi-family in Memphis
Cheap multifamily supports value-add plays for hands-on operators.
Read the playbook →Selling property in Memphis
Memphis sales are investor-heavy, where condition and in-place income drive value. (Agent comparison coming soon.)
Tennessee laws, eviction & LLC steps
Memphis’s rules follow Tennessee landlord-tenant law. See the full breakdown — security deposits, eviction process, and how to register an LLC — in our Tennessee guide.
Read the Tennessee guideStrategies that fit Memphis
Memphis investor FAQ
Why is Memphis popular with investors?+
Low prices, high gross yields, no state income tax, and a logistics-driven economy make Memphis a flagship cash-flow market. Net returns depend on careful neighborhood and condition diligence.
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