Markets › Memphis
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Memphis TN
Current market read
Balanced market
ConditionBalanced
Balanced on the yearly data, with the recent monthly signals easing.
From public data. The situation now, not a forecast.
Renter Google searchabout 1,900 searches in July 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly
About 1,900 searches in July 2026, for Memphis on its own
What renters Google mostHousesSee all →Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Cooling
Easing lately, job growth has cooled, as of Aug 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
+0.2%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +10.8% · US avg +5.2%
Median rentCENSUS · 2024
$1,330/mo
Typical rent, 2024 yearly count
In the news · MemphisNEWS · DAILY
Latest local coverage, 1 week ago.● softer● neutral● firmer
New project targets affordable housing in MemphisMemphis Rents Are Going DownUofM to unveil new apartment-style student housing at Park Avenue CampusDemand vs supplyCENSUS + BLS
Weak demand
DEMAND
Jobs-0.5%
Migration 2025-7.68/1k
SUPPLY
Permits 2025-86.5%
Vacancy 20249.4%
Rent vs buyFREDDIE MAC · WEEKLY
+$754/mo
Cheaper to rent than buying
rent $1,330 · own $2,084
$1,330RENT
$2,084OWN
Net migrationCENSUS · 2025
−7.68/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.