Real Estate Investing in Memphis, Michigan

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

1 ZIP codes • Population: 4,385 • Saint Clair County

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

🏠 For Homebuyers
MIXED
Grade C (67/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Memphis, MI?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.7% 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 $336,926
Avg Monthly Rent $954
ZIP Codes 1

Investing in Memphis Real Estate

Across Memphis's 1 ZIPs, the picture is thin: $337K median values, $954/mo rents, and a population that has faced real economic pressure.

Across Memphis's 1 ZIPs, fundamentals run thin: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

unambiguously Memphis's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

The 0% renter share in Memphis masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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 Detroit-Warren-Dearborn, MI

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

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Avg Home Value
$336,926
Avg Monthly Rent
$954
1% Rule
✗ Below
Landlord Friendly (MI)

ZIP Codes in Memphis, MI

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, MI

Should investors worry about vacancy in Memphis, MI?

Vacancy risk in Memphis, MI is elevated. That supports steady cash flow for typical rental holds.

What monthly rent should investors expect in Memphis, MI?

Rents in Memphis, MI run near $954/mo. Compared with median home prices of $337K that produces solid gross yields for typical rentals.

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

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Memphis, MI. The numbers - $337K homes against $954/mo rents - support that play.

Is Memphis, MI good for house hacking?

Memphis, MI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $954/mo rent level.

How does Memphis, MI rate as a rental market?

Our data puts Memphis, MI at 3.0/5 for investability. Home prices of $337K and rents around $954/mo create a solid backdrop for investor activity.

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