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Home » Rent to Own Homes in Tennessee » Rent to Own Homes in Memphis
Rent to Own Homes in Memphis

Graceland brings thousands of people to Memphis every year. Home of the King of Rock and Roll, Elvis Presley, Graceland is certainly the most famous attraction in the city. Of course, this represents just one of the many things to see and do in the city of just over 646,000 people.  Musical celebrations take place in Memphis throughout the year, including the Beale Street Jazz Festival. Other claims to fame here: The Memphis Zoo, amazing BBQ, BB King, blues music in general, and loads more arts and culture impossible to list here. 

The Memphis International Airport sits within 15 minutes from the downtown area. A great public transportation system also transports Shelby County residents. Memphis has a variety of public and private schools for all grade levels. The University of Memphis provides secondary education to students. 

Whether you come for the food, the music, or the education, Memphis has everything you need to never leave. 

1459 Listing Found in Memphis, TN

Buying a Home in Memphis

Over 53% of Memphis residents own their homes and the average price to buy a home is $85,700.  

Many Memphis neighborhoods have entertainment within a short distance. When choosing a Memphis neighborhood to buy a home, consider its size, price, and location, but also the available entertainment in the area. 

Popular Neighborhoods in Memphis

Midtown has tons of amenities and ranks as one of the safest neighborhoods in the city. Whether you’re hungry and looking for a place to eat or searching for a little fun on a Friday night, Midtown has your needs covered.  The zoo is located in Midtown, as well as over 20 different schools.

Hickory Ridge and Riverdale are two more neighborhoods filled with families, great schools, and safe communities. Collierville, situated on the outskirts of town, has a small-town vibe with big town amenities nearby. It’s an extremely safe area for families.

Buying Vs. Rent to Own Homes

Rent-to-own works well for people that need a place to call home while they build credit, save for a down payment, etc.  When you sign a lease, the rent-to-own contract gives you the ‘option’ to buy later by paying a small fee and a premium along with each monthly rental payment. Not only do you lock in today’s real estate sales price with a lease option, but there is also time to better prepare for the transition into homeownership. Many people make their homeownership dreams come true with help from a rent-to-own program.

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City of Memphis, TN Demographic Information

  • Population:729,307
  • White Population:279,073
  • Black Population:420,683
  • Hispanic Population:20,455
  • Asian Population:10,399
  • Hawaiian Population:274
  • Indian Population:1,400
  • Other Population:9,935
  • Male Population:346,269
  • Female Population:383,038
  • Avg House Value:$94,885
  • Avg Household Income:$43,102

Other Cities in Memphis

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