|Specialty||# of Agencies|
|Single House or Condo||5|
|Home Owners Association||3|
|Total Local Companies||9|
The average rent for a 3 bedroom house in Memphis, TN is $1,142.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Memphis, TN Rental Market Overview
More than half a million residents live in Memphis - the largest city in Tennessee, situated in the southwest corner of the Volunteer State and known for its vast musical history.
Elvis Presley, B.B. King and Johnny Cash are just a few of the renowned recording artists to reside in Memphis. In addition to famous musicians living there, the Bluff City is also known for its extensive parks system and celebrated barbecue cuisine.
Numerous festivals take place year-round in Memphis, including in the springtime, when Memphis in May occurs, bringing the community, as well as local businesses and organizations, together for family-friendly events, food and entertainment.
The shipping and transportation industries make up much of the city's economy, while more than 200 elementary, middle and high schools are located in Memphis, along with more than a dozen higher education institutions, including the University of Memphis.
Numerous Property Management Firms to Choose From in Memphis
Memphis continues to grow as a major Southern city, where many residents choose to lease apartments each month. Due to this high volume of renting, investors would be wise to research the market carefully before putting down capital on a residence.
Should you choose to buy a property in the city, you'll find there are a considerable number of property management teams ready to take care of your investment residence, including interviewing applicants, meeting tenant needs and ensuring maintenance tasks are attended to.
Memphis Rental Market at a Glance
Projected Asking Rent Increase, 2011: 3.2 percent
Projected Effective Rent Increase, 2011: 4.7 percent
Statistics courtesy of Marcus & Millichap
Finding Memphis Property Management Companies
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
Sign up with All Property Management to choose from Memphis' top property management companies. Just type your zip code into our search engine and you'll discover a variety of management firms in Memphis to receive free quotes from.