Memphis, TN

Memphis sits at a median home value of $147,306 as of the latest Zillow read, down 3.2% year-over-year — a meaningful softening that’s putting deal flow back on the table for cash buyers.

The sale-to-list ratio sits at 0.972, and 65.2% of closed sales are landing below list. That’s a clear buyer’s market — sellers are negotiating, and motivated-seller direct mail is converting at rates we haven’t seen since 2014.

Rents tell a stronger story. The Zillow Observed Rent Index for Memphis is $1,256/mo against a $147k median — that’s a 10.23% gross annual rent yield, well above the national 4-5% baseline. BRRRR and long-term rental strategies have real cushion here.

Median days-on-market is running around 33 days against 2,881.333 active listings. Pace is moderate — neither chaos nor stagnation. Standard wholesaling cadences work here.

MDR’s composite investor score for Memphis is 88/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. That puts it in our top tier — actively recommended for new capital deployment this cycle.