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Updated over 2 years ago on 07/17/2023. Most recent reply

120
Posts: 26
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Diane TycangcoPoster

General Real Estate Investing

State of Memphis TN Rental Market

Diane TycangcoPoster

Posted July 09, 2023 17:46

Hi everyone, I currently have a single family home for rent in Memphis, TN that has been vacant for the last 6 weeks.. The rent I am asking for is reasonable $995 for a 4b1b in 38109. Is the Memphis market really hard to rent right now? I am worried.

Thanks

Memphis, Tennessee

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Dean Harris

Real Estate Agent
Memphis, TN

Dean Harris

Real Estate Agent
Memphis, TN

Replied July 17, 2023 13:31

I own over 50 rental in Memphis (Avg rent is $1250) and I have 2 that are currently vacant. I think it all depends on who you have trying to rent it for you!

Best of luck!