Top Reasons to Live in Memphis, TN
- High vacancy rate! Memphis' rental vacancy rate is higher than the averages of both Tennessee and the United States. This means that while just 6.49 percent of rental homes in the United States, and 7.86 percent of rental homes in Tennessee are vacant, a whopping 10.92 percent of homes - including rent to own homes - in Memphis are vacant. Finding a home in any area of the city is possible, including historic areas such as Victorian Village in the downtown area or newer neighborhoods like Harbor Town, which sits on Mud Island in the Wolf River Harbor.