There is a reason why the rental market is so strong here in Memphis, TN and why they keep adding more rental properties to the market.
We are a city of renters.
Here is a snippet from a recent article in the Memphis Business Journal.
“Memphis had the largest increase in renters among the 50 largest metros in the U.S., going from about 45 percent of residents who rented in 2006 to 56 percent in 2016.”
You can read the entire article here.