Memphis Real Estate Information
Memphis, Tennessee, home to Elvis Presley, is often called the birthplace of the American blues. This are is tied deep to music, and you can easily see the pride that Memphis holds in their music legends. However, that’s not all Memphis is about. The area boasts a friendly aura that visitors find inviting, often encouraging them to make the move to relocate here. The economy is strong, the employment opportunities are plentiful, and the cost of living leaves plenty of money still in your bank account.
Considering all that Memphis has to offer, it’s no surprise that it’s a favored relocation area. Right now, Memphis has about 650,000 residents with an average age of 42-years-old. Just over 30% of those who work do so in the service industry, while just under 30% are working in managerial positions or professional positions. Administration jobs cover about 19% of the working population. Memphis area households earn roughly $32,000 each year.
There are varying economic streams that lend to this economy, which means that the economy is stable and strong. Many businesses reside here, both old and new, because Memphis welcomes businesses. In fact, they’re so business-friendly that over the past couple of years a couple dozen major corporations have migrated to Memphis and businesses established in the area were able to grow and expand. Memphis was even given the honor of being #5 of the “Fifty Hottest Cities” in the Expansion Management Magazine. If you’re looking to buy a home in Memphis, you’ll be thrilled at the choices you have. You can find everything from a city condo in the heart of Memphis, to a beautiful, cozy, family home in a friendly, laid back neighborhood. Since so many newcomers have been relocating to here, choosing to own your own home is obviously a smart and popular decision. Investing in Memphis real estate is a good choice since the appreciation here are making homes gain in value. Average prices for a home in the Memphis area about $200,000.
Memphis’ charming downtown area is a center point of the region. Here you can find an array of restaurants, coffee shops, art galleries, entertainment, and more. Strolling through the downtown streets you’ll notice that there is a perfect combination of architectural styles and differences, a bit of the old and a bit of the new. There are plenty of locals that love to be in the heart of downtown; be able to spend an evening in the best fine dining establishments, and attend top-of-the-line entertainment activities just a hop-skip-and-jump from where they live.
The downtown area is more than just one, single area. There are varying areas with unique neighborhoods. One of the most well-known of these areas is the Beale Street district. Here, there are dozens of entertainment options with restaurants and night clubs. However, the Pinch District has a different flavor, with bistros and bars. Many head to the Pinch area after attending a show by the city’s symphony or sporting events at the Pyramid. Then you have the Midtown section. This area has some of the original neighborhoods still in tact, and gives a completely different feel from the city. Here you can find the zoo, Overton Park, and art schools.
Memphis has a rich history and an interesting culture that is unparalleled, making the quality of life here higher than most other places. This colorful city is definitely up there on the list of up and coming best places to be, and continues to rise to the challenge to make the area a top choice to live. Memphis, Tennessee has an abundance of things to offer anyone who lives here, newcomers and locals alike. Find out more about this incredible area by taking advantage of our free relocation assistance package.