Real Estate Investing in Memphis, Texas

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

1 ZIP codes • Population: 2,291 • Hall County

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

🏠 For Homebuyers
MIXED
Grade C (61/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
STRONG
4.0 / 5 (86/100)

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
2 flags
  • High vacancy: 24.0% of homes vacant — above national norms.
  • Declining values: -0.5% 5-year CAGR — values have moved lower.

What’s happening in Memphis, TX?

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4.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

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 $77,448
Avg Monthly Rent $882
ZIP Codes 1

Investing in Memphis Real Estate

With a sizable population and 1 ZIP codes, Memphis (TX) rewards investors willing to underwrite renovation scope rather than chase turn-key comps.

Memphis rewards operators, not passive buyers. The gap between distressed entry and stabilized exit is where the ★★★★☆ rating gets earned — on rehabs that close that gap.

Velocity in Memphis is bifurcated. Put differently, clean, updated product moves fast at full price; tired product sits longer and trades at real discounts — the raw material for repositioning plays.

The demographic base in Memphis is what makes the BRRRR math work — enough income at $N/AK to absorb upgraded rents, and enough renters at 0% to fill the units.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$77,448
Avg Monthly Rent
$882
1% Rule
✓ Passes
Landlord Friendly (TX)

ZIP Codes in Memphis, TX

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, TX

What is the smart move for investors in Memphis, TX?

A value-add and BRRRR deals strategy Memphis, TX best. The market produces stable results for that approach at the $77K price point.

Can investors BRRRR in Memphis, TX?

Investors running BRRRR in Memphis, TX see a strong outcomes. Deal flow and rehab execution matter more than the macro here.

How do home values compare in Memphis, TX?

The median home value in Memphis, TX is roughly $77K. That puts it reasonable relative to the TX statewide average.

What does house hacking look like in Memphis, TX?

House hacking works an attractive in Memphis, TX. Rents of $882/mo against $77K acquisition make the strategy solid for owner-occupants.

Do properties in Memphis, TX satisfy the 1% rule?

With $882/mo rents against $77K home prices, Memphis, TX produces a ratio. That is reasonable proximity to the 1% threshold.

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