Memphis

According to Redfin’s analysis, Memphis receives inbound migration from all four corners of the nation. Families make up most of the 630,000 people living in the city. RocketHomes advises potential investors to take a long look at the Memphis market because of its consistent appreciation and median sales price of $187,200 as of October 2023. A full custom house build costs between $87 and $130 per square foot, with a basic design averaging $109. The price-to-sales ratio is high (97.5%), which is good news for property owners. Most people in town have a lot of confidence in these top-ranked Realtors®.