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Memphis, TN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,288
Monthly Cash Flow
$198
Principal + Equity
$1,004
Annual Total Gain
$14,421
Cash on Cash
6.64%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$155
Occupancy Rate
50%
Monthly Revenue
$1,823
Monthly Cash Flow
$460
Principal + Equity
$1,004
Annual Total Gain
$17,559
Cash on Cash %
15.4%
Net ROI %
Market Health & Growth
Median Income
$51,211
Population
629,063
LTR Renter %
54.01%
Forecast (1 yr)
0.73%
Appreciation (1 yr)
-1.4%
Appreciation (5 yr)
33.27%
Appreciation (10 yr)
105.84%
Job Growth
0.17%
LTR Rentability
Low
STR Demand
54
STR Rentals
2,249
Top Public Schools
A-Collierville High School
A-Donelson Elementary School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Cities in America
#153out of 229 markets
Best Cities for Outdoor Activities in America
#157out of 229 markets
Cities with the Lowest Cost of Living in America
#22out of 229 markets
C
Public School
F
Crime And Safety
C
Housing
B
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Memphis, TN.
In Memphis, TN, Short Term Rental (STR) regulations are overseen by the city's Division of Planning and Development. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning: STRs are only allowed in certain zoning districts in Memphis. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permitting: All STRs in Memphis are required to obtain a Short Term Rental Permit from the city. This permit must be renewed annually and requires an application fee.
3. Occupancy limits: There are occupancy limits for STRs in Memphis, with a maximum of 12 guests allowed per property. Investors should ensure that the property they are considering purchasing complies with these limits.
4. Inspections: Before obtaining a Short Term Rental Permit, the property must pass a safety inspection conducted by the city. Investors should be prepared to make any necessary upgrades or repairs to meet safety standards.
5. Taxes: Investors should be aware that they are required to collect and remit hotel occupancy taxes on all short term rental stays in Memphis. Failure to do so can result in fines and penalties.
6. Noise and nuisance regulations: Memphis has specific regulations regarding noise and disturbances caused by short term rentals. Investors should ensure that their property complies with these regulations to avoid complaints from neighbors.
Overall, investors looking to purchase a property for short term rental purposes in Memphis should thoroughly research and understand the city's regulations to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Memphis, TN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Memphis, TN.
The LTR Genie Score of Memphis, TN is 65 and STR Genie Score is 63, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low suggests that long-term rental properties may not be in high demand in this market. The STR Genie Score being slightly lower than the LTR Genie Score could indicate that short-term rental properties may have slightly lower potential for profitability compared to long-term rentals in Memphis.
Memphis, TN is known for its rich musical history, iconic landmarks such as Graceland, and vibrant cultural scene. The city also boasts a diverse economy with industries such as healthcare, transportation, and logistics driving its growth.
Based on the metrics provided, real estate investors may find Memphis to be a more attractive market for short-term rental investments due to the higher STR Net ROI and occupancy rate. However, the low LTR Rentability and rent growth rate may deter investors from pursuing long-term rental properties in this market. It is recommended for investors to conduct further research and analysis to determine the best investment strategy for Memphis, TN based on their individual goals and risk tolerance.
