Memphis · TN
A high-yield mid-market with low acquisition prices, a large workforce renter population, and one of the strongest voucher program infrastructure stacks in the Southeast.
Memphis Market Questions
Memphis has some of the lowest SFR acquisition prices of any major Sun Belt metro — typically $130K–$180K for co-living-eligible properties. Combined with strong rental demand from healthcare, logistics, and education workers, the yield math is compelling: 3-bedroom acquisitions at $150K can generate $2,800–$3,600/month as co-living.
Memphis has a large workforce renter population anchored by FedEx, Baptist Healthcare, and St. Jude. The city also has significant veteran and housing-voucher populations — making it well-suited for the mixed-occupancy model that forms the foundation of our portfolio strategy.
Tennessee has no statewide rent control and maintains a straightforward eviction process. Memphis has specific local regulations around rental property registration, but the overall environment is favorable for co-living operators maintaining HQS-compliant properties.
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