Memphis, TN Rental Market

Estimated LTR Rent $1,336 and STR $1,840

Overview

The LTR Genie Score of Memphis, TN is 62 and STR Genie Score is 59, indicating a moderate level of attractiveness for both long-term rental and short-term rental investments. The LTR Rentability is low, which may be due to factors such as high vacancy rates or low demand for long-term rentals in the area. On the other hand, the LTR Net ROI and STR Net ROI are relatively high, suggesting that investors can still achieve a good return on investment despite the low rentability. The 1-Year Price Appreciation Forecast is negative, which may impact the potential for property value appreciation in the short term.

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LTR Genie Score

STR Genie Score

Est. Rent LTR$1,336

Est. Rent STR$1,840

LTR Monthly Cash Flow

STR Monthly Cash Flow

LTR Annual Total Gain

STR Annual Total Gain

Appreciation7.8%

Job Growth0%

Population629,063

Properties for sale in Memphis, TN, USA.

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Best Places to Live Ranking

Most Diverse Cities in America: ranked 153 out of 229 markets
Best Cities for Outdoor Activities in America: ranked 157 out of 229 markets
Cities with the Lowest Cost of Living in America: ranked 22 out of 229 markets

OverallB-
Public SchoolC
Crime And SafetyF
HousingC
NightlifeB
Good For FamiliesC
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute

Key Informations

Discover top real estate data on rental performance, market growth, and public schools. Ideal for investors and buyers aiming to evaluate suburbs, spot trends, and make smart, data-driven property decisions.

Short-Term Rental (STR) Regulations

In Memphis, TN, Short Term Rental (STR) regulations are governed 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 Restrictions: Properties must be located in areas zoned for short term rentals. It is important to check the zoning regulations for the specific area where the property is located to ensure compliance.

2. Permit Requirement: Property owners must obtain a Short Term Rental permit from the city before operating as an STR. The permit application process includes submitting documentation such as proof of insurance, floor plans, and a property management plan.

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Market Trends Over Time

Explore market trends, pricing patterns, rentals, and insights

Explore 25 years of comprehensive market data, including median property prices, long-term rental prices, and days on market. Our in-depth analysis highlights price trends, rental performance, and market activity, revealing long-term patterns and cycles. Investors, property managers, and analysts can leverage these insights to identify growth opportunities, assess market stability, and make informed decisions. Understand how market dynamics have evolved to optimize rental strategies and property investments with confidence.

Median Price

Median Rent

Days on Market

Nearest Markets

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Similar Markets

Find similar markets of Memphis, TN.

Memphis, TN Rental Market

Overview

Properties for sale in Memphis, TN, USA.

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Best Places to Live Ranking

Key Informations

Short-Term Rental (STR) Regulations

Market Trends Over Time

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