Best In Tennessee Real Estate™: Memphis

Millington leads Tennessee in homes owned free and clear—52.0% of homes carry no mortgage, according to ALEX Intelligence’s latest data. This isn’t just a number—it’s a structural advantage for long-term wealth, resilience, and community stability. In contrast, nearby Memphis averages 42.9%, and even top performers like Covington (47.1%) fall short. What does this mean for investment, mobility, and future growth in the Memphis metro? Photos via Wikimedia Commons: Slide 1: Katien13 (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=104593722; Slide 2: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162755364; Slide 3: Matthew Nichols (CC BY-SA 3.0) https://commons.wikimedia.org/?curid=53893142; Slide 4: Katien13 (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=104569820 Homes Owned Free and Clear, top 10 (ALEX Intelligence — U.S. Census Bureau 2024) #1 Millington — 52.0% #2 Covington — 47.1% #3 Memphis — 42.9% #4 Germantown — 35.8% #5 Bartlett — 33.0% #6 Collierville — 30.9% #7 Lakeland — 30.4% #8 Oakland — 29.7% #9 Atoka — 25.5% #10 Munford — 25.3% Source: https://alex-companies.com/data/2026-10-13-memphis-free-and-clear-place-mkt View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. Real Estate Strategy & Intelligence Leader. Democratized Blue Ocean Strategist & Operator. Diane Hart Alexander, MBA, MHA Chair & CEO, ALEX Companies Designated Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574877-B · Broker License #565194-BB [email protected] · +1 713.591.9902