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Updated about 3 years ago on . Most recent reply

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379
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130
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Jackson Long
  • Investor
  • Memphis, TN
130
Votes |
379
Posts

Memphis rents rise- but how?

Jackson Long
  • Investor
  • Memphis, TN
Posted
Over the past couple of years we've seen a pretty big surge in average rental rates in Memphis.  There has not been a corresponding spike in wages or a massive influx of new jobs.  Any thoughts on what is driving this or how it is sustainable?

Most Popular Reply

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5,028
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
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5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied
I think rents for many years here have been stagnant so the recent increases are just part of slowly catching up. 
  • Curt Davis

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