Which part of Memphis to Invest In

Question

Hello,

I am looking to invest in Memphis - leaning towards the buy and hold strategy. I can't seem to find a neighborhood that I feel entirely comfortable with. Can any locals give me some insight on Cordova, Hickory Hill and Raleigh Neighborhood? How big of a role do good school districts play?

Thank you!

Stephen Akindona · Answer

@Pam Schuster 38141 is also Hickory Hill area, this for the most part is a nice area. There are plenty of newer homes and also new builds in the area, but with the same breath I will say that almost all areas of Memphis have to be evaluated neighborhood by neighborhood and even street by street. There are some rough areas in that area as well. Unfortunately, you can't just go by zip code in Memphis. If you have a specific property in mind let me know and I can tell you what I think!

Alex Craig · Answer

You should add Bartlett to your list and if you can find properties in Collierville, Lakeland or Arlington, then add that to your list too. Bartlett you can find deals that cash flow, but the others are hard and you would need to jump on that ASAP. Another really good area to buy in is 38104 and U of M area. Those are hard to find as locals typically jump all over those, but if you look daily, you might get lucky.

Derrick Craig · Answer

@Pam Schuster

38141 zip Code for the most part is a solid place to live and invest, I personally live and invest in that area, but as @Stephen Akindona stated it is a street by street evaluation.

If you have any questions about other areas just PM me.

Happy Investing

Derrick

Pam Schuster · Answer

Can any locals give me an opinion of 38141 Zip in Memphis?

Thanks in advance

Jay Hinrichs · Answer

@Kai Hsu nice price points in almost all markets in the mid west is that 90 to 120k purchase point market rents Non Hud... these will give you the most peace of mind from long distance ownership or at least they should.. do compare markets throughout the US as most are pretty much inner changeable when it comes to price points rents and expected appreciation or lack thereof.

Stephen Akindona · Answer

@George Chang

Hickory Hill is 38115 and 38125

Raleigh- 38128

Bartlett and Bartlett area- 381333, 38134, 38135

Also earlier I meant anything East of Austin Pea, not west!!

Curt Davis · Answer

Schools dont play that big of a role for Memphis unless you are in higher priced retail neighborhoods. Of the neighborhoods you listed, Raleigh is the lowest quality one but still an ok area. Hickory Hill, homes are newer on average and this area has done well. Cordova like @Stephen Akindona mentioned is nicest of your list.

What price range are you looking for? That might help me to make better suggestions.

George Chang · Answer

Do you have the zip codes for the Raleigh/Bartlett and Hickory Hill area? I have taken a drive down to Memphis and am trying to recall what parts I have seen.

I would also agree with Cordova being the nicest area, along with Germantown (although that may be getting further from the downtown area)

Which part of Memphis to Invest In

Which part of Memphis to Invest In

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