How to get into Memphis apartments
By Kyle Terada | ESPN Cri: March 31, 2020 2:03:00As Memphis moves into the next phase of its housing crisis, the city’s first apartment market has emerged, with some apartment buyers seeking to rent.
For many buyers, this is the first time they’ve had to make the move to Memphis in decades.
Many are renters or self-employed, with little or no experience of living in Memphis, the nation’s third-largest city.
This is a tough one for many people, including those who want to buy a home.
They’re trying to put their kids through college, and they’re trying not to lose their jobs to make ends meet.
In the first two weeks of February, about one-third of the housing market in Memphis was empty, according to data from Zillow, which tracks real estate listings.
In the same period, about a third of the cities inventory was empty.
The lack of inventory is a symptom of the city experiencing a housing crisis.
That’s a long-term trend that has driven home prices skyrocketing, and it’s caused the median income to shrink by $5,200 in the last decade, according a new report from Zilow.
The median price of a home in Memphis dropped by $3,000, and the median monthly rent has also increased by $2,400 in the same time period.
The Zillows report comes as Memphis grapples with a housing shortage, as residents of Memphis and other urban centers struggle to find affordable housing.
While it’s important to understand how the housing crisis plays out in other cities, the lack of supply can be a problem in Memphis.
In Memphis, where there are roughly 1,200 apartments for rent or sublet, nearly half are vacant, according.
If all the apartment owners are forced to rent, about 20 percent of the apartments would be vacant.
For some of the owners, the market is a difficult one.
A few said they’ve been in the market for 10 years, and only recently had the opportunity to rent an apartment.
For others, it’s more of a pain in the ass.
One owner said he was renting to someone for a year but was struggling to find a suitable home for his family.
The couple recently had a baby and were struggling to make rent.
For his part, the man said he only recently moved into the city, and he’s still in the process of finding a home that meets his family’s needs.
“I have a mortgage on a place and a car payment, and we have to live in it,” the man told ESPN CRI.
“That’s not going to be easy for me to do.
I think it’s just a matter of finding somewhere that works for us.”
Milton, Tennessee, is a small city about 30 miles east of Memphis.
It’s about 30 minutes from the Gulf of Mexico and about 20 minutes from Memphis.
The city has a population of roughly 3,200, and Memphis has an estimated population of about 5,700.
Milton has had a housing market downturn for the last 10 years.
The population has dropped by about 25 percent since the 1980s, and unemployment has increased by about 20 to 30 percent.
The area has struggled with gentrification, and there are now more empty houses than occupied ones.
In 2009, the U.S. Census Bureau found that the median household income in Memphis in 2016 was about $35,000.
The report said median family income in the city is $56,500.
“In Memphis we have a lot of empty houses,” said the owner of a rental agency.
“It’s hard to get a new lease.
That means the rent is going to go up.”