@Dale K Poyser  First you have probably looked at the view stats button with demand statistics for the area on the first page when you search the area. 

Not sure what the actual statistics are in Memphis.

(unfortunately the 2023 statistics are not up yet).

That statistic isn’t bad in my opinion.

@Quang NguyenNaics code has nothing to do with funding, it’s used for the government for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy

As is typical of nationwide statistics, the totals disguise wide differences in local markets.

Check statistical data on the specific city/neighborhood - FRED and other city/government websites publish the number of people coming into the city, population density and local news can tell what businesses are coming inHope this helps.

Quote from @Jordan Moorhead: @Britney Ross I don't sorry, I avoid Alabama because the median income is too lowThat's an "interesting" comment - so you got my curiosity with your statement.Your self-created BP profile notes that you have many rental properties in the state of Kentucky.According to the US census bureau data, here's the numbers for 2018-2022:Median Household Income:Alabama 59,609Kentucky  60,183I don't think that $500 difference is statistically significant given the manner in which the census data is collected, but I didn't review the entirety of the statistics on census bureau data.

The compound annual growth rate from 2015 to 2020 was 7.45%.However, I anticipate stronger appreciation and rent growth from 2024 to 2029 compared to 2015 to 2020 due to the following reasons.Stronger EconomyThe chart below is from the Bureau of Labor Statistics.

And if approximately 50% of Americans own, then those statistics make sense.  50% living paycheck to paycheck and the other 50% own.