Top LocationsMemphis Real Estate Market 2019: Why and Where to Invest by Heba Baker June 20, 2019June 19, 2019 by Heba Baker June 20, 2019June 19, 2019Owning a rental property in the Memphis real estate market is something you don’t want to miss out on. Let’s get into exactly why that is, and then we’ll tell you where to invest for optimal performance.6 Reasons to Invest in the Memphis Housing MarketMemphis is pretty well known as one of the more affordable areas for investment in the Tennessee real estate market. But that isn’t the only thing drawing attention and encouraging people to invest in Memphis real estate. Here are a couple of other key factors which can explain why investing in the Memphis real estate market is a smart move.1) Home Values Are UpAppreciation rates in the Memphis real estate market have stayed near the national average over the last decade. However, according to Zillow, Memphis real estate properties have increased in value by 5.1 percent this past year and the median home value is currently $85,900. This number is expected to go up another 2.3 percent within the next year, which is good news for real estate investors in Memphis.2) There Is Rental DemandMaking Memphis real estate investments with a buy and hold strategy is a great way to generate long-term cash flow because there is demand for rental property in the market. The Memphis real estate market is composed of a mixture of homeowners and renters, with renters making up 53.67 percent of the population.Related: Memphis Investment Properties – Why You Should Buy Now3) Job Opportunities Are on the RiseThere has been an influx of companies moving their offices or opening new plants in Memphis. This draws in a lot of new jobs, and where there is employment opportunity, people follow. The biggest industry in Memphis is healthcare, but the city has a large population of young people still in the beginning stages of their professional careers. A strong and flourishing economy with job growth can do wonders for the state of its real estate investing market.4) Laws Protect the LandlordTenant-landlord laws are an important factor which needs to be considered when choosing an investment location. You can confidently operate your Memphis investment properties as rental properties because the Tennessee state law favors the landlord. There are laws in place which make it less difficult if you’re put in a situation where you need to evict a tenant not paying rent or need to take legal action in response to any breaches of the contract/lease.Related: Landlord Tenant Law: Basics Every Real Estate Investor Should Know5) It’s a Hot MarketBuyer’s market or seller’s market? Well, after reading all of this, it’s what you’d expect- a red hot seller’s market. Memphis houses for sale are being closed on pretty quickly, as demand for property in the Memphis real estate market is outpacing the current supply. If you want to get in on the action, we suggest you start your search in the Memphis real estate market now.Do you have a free Mashvisor account? Use our Property Finder to find lucrative investment properties that match your criteria in a matter of minutes! Sign Up for Free6) Airbnb Memphis Is Only Lightly RegulatedIf you’re a real estate investor interested in a short term rental strategy, you may be asking yourself, “Is Airbnb legal in Memphis?” While some cities in Tennessee have banned non-owner occupied short term rentals in residential areas, Memphis isn’t one of them. The city does, however, have a couple of laws which regulate certain aspects of short term rentals in the Memphis real estate market. Here’s what you should know:There is a 3.5 percent privilege tax and a $2 fee per occupied room night on short term rentals in the cityAll short term rental hosts and their guests must comply with the noise control restrictions as to not disrupt the other residents in the areaYour short term rental property must have approved smoke alarms and carbon monoxide detectors meeting the applicable state law standardsThe guest or renter of your unit must be at least 18 years oldFor more details on short term rental regulation in the Memphis real estate market, click here.Related: Invest in Airbnb Memphis Real Estate in These 3 NeighborhoodsMemphis TN Real Estate Market StatisticsMedian Property Price: $226,772Price per Square Foot: $66Price to Rent Ratio: 20Days on Market: 59Monthly Traditional Rental Income: $944Traditional Cash on Cash Return: 1%Monthly Airbnb Rental Income: $2,128Airbnb Cash on Cash Return: 6%Airbnb Occupancy Rate: 63%This data is provided by Mashvisor’s investment property calculator. These key real estate investment metrics really help investors in evaluating a housing market’s condition. This is important data that you should always have before making a decision to invest in any real estate market. If you are interested in gaining access to data like this for any market in the US, start out your 14-day free trial with Mashvisor now. Now, moving on to the second part of this blog, we will be telling you where you can find profitable Memphis investment properties for sale. According to our data, these are the best neighborhoods in Memphis for each rental strategy.Related: Buying Memphis Investment Properties for Sale in 2019: Yes or No?Where to Invest in Airbnb RentalsDowntownMedian Property Price: $329,054Price per Square Foot: $94Price to Rent Ratio: 27Days on Market: 57Monthly Airbnb Rental Income: $2,366Airbnb Cash on Cash Return: 8%Airbnb Occupancy Rate: 53%MidtownMedian Property Price: $259,069Price per Square Foot: $52Price to Rent Ratio: 27Days on Market: 69Monthly Airbnb Rental Income: $2,279Airbnb Cash on Cash Return: 7%Airbnb Occupancy Rate: 61%River Oaks-Kirby-BalmoralMedian Property Price: $478,709Price per Square Foot: $103Price to Rent Ratio: 30Days on Market: 63Monthly Airbnb Rental Income: $2,712Airbnb Cash on Cash Return: 4%Airbnb Occupancy Rate: 82%Where to Invest in Traditional RentalsParkway Village-OakhavenMedian Property Price: $71,995Price per Square Foot: $40Price to Rent Ratio: 8Days on Market: 80Monthly Traditional Rental Income: $727Traditional Cash on Cash Return: 3%CordovaMedian Property Price: $199,522Price per Square Foot: $68Price to Rent Ratio: 12Days on Market: 42Monthly Traditional Rental Income: $1,374Traditional Cash on Cash Return: 3%Windyke-SouthwindMedian Property Price: $223,721Price per Square Foot: $85Price to Rent Ratio: 14Days on Market: 72Monthly Traditional Rental Income: $1,330Traditional Cash on Cash Return: 3%What are you waiting for? Start investing in the Memphis real estate market right now! Start Your Investment Property Search! START FREE TRIAL AirbnbAirbnb RegulationsMemphis TNNeighborhoodTraditional 0FacebookTwitterGoogle +PinterestLinkedin Heba BakerHeba is Content Writer at Mashvisor with a BA in Business Administration. Most of all, she enjoys writing about the constantly changing markets in the US real estate industry. If not writing, Heba is exploring and learning. Previous Post Want to Own a Successful Real Estate Investment? Use These Tools Next Post 7 Best Property Management Tools for 2019 Related Posts Traditional Rental Strategy: Best Cities for Rental Income 2019 The Most Affordable San Diego Neighborhoods to Invest In Where Should You Buy an Investment Property in the Houston Real Estate Market in 2018? 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