Living on the Mississippi Delta in Memphis is a life experience like no other. Memphis has almost everything that many people are seeking in a lifestyle. Well beyond all of the cultural amenities that attract visitors from around the world, Memphis provides a laid-back lifestyle for locals that no other place matches.
Yes, Memphis is the birthplace of Rock-N-Roll, home to the blues, the best BBQ has to offer, and many other attractions. But it is much more than that.
Memphis is Historic and Modern
Set in the Mississippi Delta, Memphis blends high-energy city living with southern small town ambiance strong on the slow rhythms and hospitality of the rural south. Marked by historic districts, Mississippi River views, and memorials to cultural legends like Elvis and Dr. Martin Luther King, Jr., every corner of Memphis percolates with the culture of the Deep South.
The city’s small-town atmosphere fosters a close-knit community that makes it an attractive place for families to settle. While at the same time being a center of global transit and a crossroads of distribution – the area offers a wealth of job opportunities.
The many neighborhood main streets are home to hundreds of new businesses filling the once forgotten buildings that have sat empty for years. The population of Downtown Memphis now has over 30,000 residents with a steadily increasing household income level.
Downtown recently ranked in Forbes Magazine in the top “15 U.S. Cities’ Emerging Downtowns”. Memphis also landed at #3 in Forbes magazine list of “The Happiest Cities To Work In Right Now”. If these reasons aren’t enough to make you choose Memphis, there are even more reasons why Memphis is a great place to call home.
Memphis Development is Happening Today
The vigor of Memphis’ rebirth and its rise to the top is very evident as investors and businesses alike continue investing in the city with new development and redevelopment projects. Among the largest projects recently opened is the new Bass Pro Shop at the Pyramid. The Sears Crosstown project and One Beale are two other multi-million dollar developments that are underway and are changing the city’s business landscape. Other projects to know about include:
- Main to Main Project
- Highland Row at U of M
- Universal Life Building
- Main Event Entertainment Center
- Guesthouse at Graceland/ Graceland West
- Trader Joe’s
- Front Street Development
- Central Station
- Hotel Chisca
- Lofts at Merchants Row
- Tennessee Brewery
- The Orpheum’s Halloran Centre for Performing Arts
- South Main Artspace Lofts
- Blues Hall of Fame
- Old Dominick Distillery
- “Next Generation” Apple Store (first in the US)
- Convention Center Upgrades
- Shelby Farms Park: Heart of the Park
- New Daisy Theater
- Memphis International Airport Upgrades
- Broad Avenue Arts District
- Clayborn Temple
More Desirable Livability Features of Memphis
The housing market is both affordable and thriving. Making it very easy for someone to call Memphis home. Whether you are a first time buyer or an investor, you’ll find homes in Memphis at an affordable price. Realtor.com launched an EasytoBuyIndex that looked at the 50 largest metro areas in the country to determine the 10 easiest places to buy a home. Memphis was named #2. This was based on the total costs of home ownership, whether it’s a buying or renting market, and local factors like insurance, taxes, and supply of affordable inventory.
Forbes ranked Memphis among the top 19 cities in the country to “make your mark”. The magazine criteria to make the list were: average home cost, unemployment rate, overall population growth, and millennial population growth.
Another of Memphis’ greatest features comes naturally – the weather! Residents of Memphis enjoy mild winters, great sunny summers, and beautiful fall and spring weather conditions. The annual high temperature average is 72.4 degrees with an annual low temperature average of 53.6. Average annual precipitation comes in at 53.67 inches with only 3 inches of average snowfall. You’ll enjoy all the seasons.
Forbes also ranked Memphis among the top 19 cities in the country to “make your mark”. The magazine used the following criteria to create the list: average home cost, unemployment rates, overall population growth, and millennial population growth.
Non-profits and faith-based organizations are at the heart of the city. Locals take responsibility for the well-being of their neighborhoods, providing a stronger sense of community, and a great way for newcomers to build social connections.
One of the first traits you’ll notice about Memphis is how friendly the people are! Whether it’s the person who serves you at dinner or your new neighbor, there is no doubt most of Memphis displays the true definition of hospitality.
Please leave a comment if this article was helpful or if you have a question.
Author bio: Brian Kline has been investing in real estate for more than 35 years and writing about real estate investing for 10 years. He also draws upon 30 plus years of business experience including 12 years as a manager at Boeing Aircraft Company. Brian currently lives at Lake Cushman, Washington. A vacation destination, a few short miles from a national forest. With the Pacific Ocean a couple of miles in the opposite direction.