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Where to Invest in Real Estate in Memphis

There are four main areas of Memphis, TN, we're finding are best to invest in real estate and turnkey properties. Why? As house prices continue to climb, we've found these areas are seeing the greatest growth and have the best homes to invest in right now to see a major return. Memphis Real Estate Investment Areas:

Investing in Cordova:

  • The median home value in Cordova, TN is $175,000
  • Monthly rental income is just above $1,000
  • Homes sell at list price on average
  • Homes are listed for 32 days on average

Cordova is a great investment location because property values are just under $200,000 and the suburban area has plenty to offer residents. You can find all major stores in the area, including Walmart, Target, Kroger, and even Memphis' most recent addition—IKEA. Cordova is also nestled in an area with great parks and green spaces, such as the wildly popular Shelby Farms Park with its latest updates. Cordova has access to all major roads to take you wherever you want to go in the Memphis area—Interstate 40, Germantown Parkway, and Walnut Grove. Other advantages of owning or renting a home in the Cordova area include:

  • Easy Access to Other Areas of Memphis 
  • Relatively Short Commutes
  • Affordable Homes

Investing in East Memphis:

  • The median home value in East Memphis is $137,000
  • Monthly rental income is $900 on average

East Memphis is packed with older homes that are being updated and flipped for large profits. The area is thriving and younger people are moving into the area and starting families. In East Memphis, there's direct access to some of the best Memphis cuisine and shopping. There are also major stores, including Target, Kroger, Whole Foods, Home Depot, and Lowes. Since homes are being updated and more people are pouring into the area, median rent prices are steadily growing, which makes turnkey properties in this area quite favorable for investment. Other advantages of owning or renting a home in East Memphis include:

  • Relatively Short Commutes
  • Proximity to the Finest Schools in Memphis
  • Close to Area Attractions 
  • Close to Popular Local Shopping and Dining

Investing in Southaven:

  • The median home value in Southaven, MS is $205,298
  • Monthly rental income is $1,200 on average

While Southaven is actually in Mississippi, it's recognized as a desirable Memphis metro area nestled just south of the city and the Tennessee state line. Southaven is one of the quickest growing areas in Mississippi because of its proximity to Memphis. It's close to warehousing hubs in the south of Memphis where a lot of people are employed. With the warehousing industry comes plenty of rental home tenants, so it's perfect for turnkey investment. Southaven has all the major stores you need, including Walmart, Kroger, Target, and even the latest addition of the Tanger Outlets. Other advantages of owning or renting a home in the Southaven area include:

  • Affordable Homes
  • Award-winning Youth Sports Leagues
  • Great Public and Private Schools

Investing in Olive Branch:

  • The median home value in Olive Branch, MS is $255,620
  • Monthly rental income is $1,400 on average

Located in DeSoto County, Mississippi, just across the state line, Olive Branch is a highly desirable area due to its proximity to the city and other metro areas with the convenience of great public schools and affordable housing. Recently awarded the honor of being number five on Time Magazine's Best Places to Live list, Olive Branch is located just south of Germantown and Collierville, Tennessee, two affluent metros of Memphis, which means residents and renters have access to the best shopping and dining in the area without the high home values. Olive Branch is also just south of Memphis, where many residents work in commercial areas. Olive Branch also has all of the major stores you need, including Walmart, Kroger, and Target. Other advantages of owning or renting a home in the Olive Branch area include:

  • Less Traffic
  • Affordable Homes
  • Quiet Neighborhoods
  • Safe Communities
  • Great Public Schools

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Posted by Katie Eldridge at 3:33 PM