Rent to Own Homes in Memphis, TN

Memphis, Tennessee, is the largest city on the Mississippi River and the second-largest city in Tennessee. With a population of a little over 600,00, it still maintains a small town feel, thanks to its legendary Southern hospitality. One of the biggest draws to Memphis has always been music, and this is the city we can thank for several specific genres, including Rock 'n' Roll, Memphis Blues, Gospel, and even Crunk.

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9baec2607f07ed1122af8a7b1872c291
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3 Beds, 1 Bath

Memphis, TN 38109

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School: Westwood Elementary School
Grocery: B & M Supermarket
Restaurant: Pow-Wow Restaurant
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6920f1ac02e33ae82183ce520ca7b8dd
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4 Beds, 2 Baths

Memphis, TN 38106

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School: Alton Elementary School
Grocery: Decy Wright Enterprises
Restaurant: Stein's Restaurant
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F9a957a1bca87726ab8cf2c1da03b2ff
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4 Beds, 1 Bath

Memphis, TN 38114

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School: Hanley Elementary School
Grocery: Carnes Money Market
Restaurant: B J's Secret
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Fda2f1e43f4ed0b1e995a72b9e781bc0
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3 Beds, 2 Baths

Memphis, TN 38141

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School: Crump Elementary School
Grocery: Quik Stop
Restaurant: Vip Lounge & Grill
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2a55d1e52efd26e903579b3faf2e5b31
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3 Beds, 1 Bath

Memphis, TN 38118

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School: Evans Elementary School
Grocery: Z Market
Restaurant: Jr's Fish & Chicken
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60ddb4887cb479e72b5e2aac4caa3801
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3 Beds, 2 Baths

Memphis, TN 38127

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School: Frayser Elementary School
Grocery: J & R Foodmart
Restaurant: Wing Basket
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2c163b923f5f0e3163b7c65a85b102bd
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4 Beds, 2 Baths

Memphis, TN 38115

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School: Newberry Elementary School
Grocery: Moorish Mercado Market
Restaurant: La Flor De Mexico
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28745eafa8860585e21ba45340dde1ae
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3 Beds, 1 Bath

Memphis, TN 38127

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School: Frayser High School
Grocery: E Z Express Food Mart
Restaurant: Wing Basket
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9dddd73106f3a2dcfdb8e0e5536b0f24
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3 Beds, 2 Baths

Memphis, TN 38134

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School: Raleigh - Bartlett Meadows School
Grocery: Friendly Quick Stop
Restaurant: J R Fish & Chicken
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Housing Statistics

The number of homes sold in Memphis in a recent 12-month period was 1,828. The average listing price was $178,093, but the the median home sale price was $99,500. The majority of residents -- 53.73% -- own their homes. Of those that do intend to rent--or rent to own--it's worth noting that the apartment vacancy rate hovers around 17.06%.

Local Events and Festivals

If you are looking for a city with something to offer every member of your family, Memphis is just the place. The local events kick off in May each year with the Memphis in May Extravaganza. This is a month long event that features four main parts:

  • The Beale Street Music Festival: This 3-day festival features both local and big-name talent in a music festival that typically draws crowds of more than 100,000 people. Both country and rock stars regularly perform alongside local, lesser known groups.
  • International Week: . Every year a particular nation is featured with music, crafts and food from that country. This is a great way to learn more about another nation and culture while having a great time with your neighbors.
  • The World Championship Barbecue Cooking Contest: There is an entire genre of barbecue based around the city of Memphis. It's not surprising then that one of the most popular parts of Memphis in May is the food! The barbecue available here often showcases sauces, techniques and cooks from all over the nation.
  • Sunset Symphony: The final concert held at the end of Memphis in May is also the largest performance of the Memphis Symphony Orchestra will do all year.

This just covers the month of May! Art, film and music festivals fill the events calendar during the spring to fall months. Of particular note is the Cooper-Young Festival that brings artists and musicians from around the nation into the area.

Nightlife

Memphis really does have something for everyone and it's evident in the nightlife variety it offers. This city has far more than just bars and dance clubs. If you are looking for something musical, try B.B. King's Blues Club on Beale Street. You can get some great food and listen to incredible music at this friendly and inviting club. Dying to catch the big game? Try Brookhaven Pub and Grill on Brookhaven Circle. Fantastic food can be found here, with plenty of games on the large plasma screens.

Looking for something a bit more refined? Check out the shows at the Orpheum Theater, which are designed to delight and thrill audiences of all ages. To make a theater evening complete, consider adding dinner at the Majestic Grille next door. Their pre-theater menu is designed to coordinate well with the show being performed that evening.

Neighborhoods

Memphis has many neighborhoods, each with unique features. Here, a few of the more notable ones within the city:

Downtown Core: Also known as Central Downtown, this is where all the action happens. City government and big business rules the days, while the nights are filled with live music rolling out of the Beale Street clubs. A major revitalization effort has been taking place here for the last thirty years, so finding a loft apartment or townhome in this community won't be difficult. The Peabody Hotel with its famous resident ducks and the Orpheum Theatre are also located here.

South Main Historic Arts District: The southern tip of downtown Memphis is an eclectic mix of colorful historic homes. Revitalized in the 1980s, the South Main Historic Arts District is now a popular spot with plenty of art galleries, independent restaurants and the Memphis Farmer's Market. The RiverArtsFest in October brings together food, fine art and live music.

Cooper-Young: Located in Midtown Memphis, Cooper-Young has a strong restaurant scene with everything from Irish to Thai -- but no chain restaurants! Dating back from the 1800s, the area has tons of historical significance.

Central Gardens: The Midtown Memphis historic district got its name because it runs along Central Avenue. Reminiscent of New Orleanss Garden District, the neighborhood is known for its grand elegant homes that date to the early 1900s. Get a peek at this majestic homes on the annual home and garden tour.

Chickasaw Gardens: Just west of the University of Memphis and the University District, this affluent community has all the trappings of a gated community -- 24-hour security patrols, a private lake and homes that could easily be considered estates -- without the actual gates.