Real Estate Investing in Memphis, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 3,775 • Clark County

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Should you buy in Memphis, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
GREAT FIT
Grade A (88/100)

Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Memphis, IN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $305,361
Avg Monthly Rent $1,719
ZIP Codes 1

Investing in Memphis Real Estate

This is a distressed-leaning corner of Indiana: Memphis has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

The investment case for Memphis is difficult to make on screen data alone. a stretch for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Market conditions in Memphis are lackluster. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Demographics in Memphis show real pressure — median income of $N/AK is subdued relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Louisville/Jefferson County, KY-IN

Memphis is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$305,361
Avg Monthly Rent
$1,719
1% Rule
✗ Below
Landlord Friendly (IN)

ZIP Codes in Memphis, IN

Screen every ZIP in Memphis

Filter Memphis’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Memphis, IN

Is Memphis, IN better for rentals, flips, or BRRRR?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Memphis, IN. The numbers - $305K homes against $1,719/mo rents - support that play.

How much do tenants pay in Memphis, IN?

The typical rental in Memphis, IN commands about $1,719/mo monthly. That rent profile steady cash flow against the $305K purchase basis.

Is rental property easy to operate in Memphis, IN?

IN ranks as a landlord-friendly state for landlord-tenant law. Memphis generally follows the statewide framework, so landlords face reasonable operating rules.

Do landlords face vacancy issues in Memphis, IN?

Memphis, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

What is the typical renter like in Memphis, IN?

The renter base in Memphis, IN is reasonable for the $1,719/mo price point. Screening well and pricing to market typically yields predictable tenants.

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