Best In Tennessee Real Estate™: Memphis

30.2% of Memphis ZIP codes now have median gross rents above $1,500—this is no longer a fringe trend but a structural shift in the city’s rental market. ALEX Intelligence’s new data reveals that 13 of 43 ZIPs in Shelby, Fayette, and Tipton counties now exceed this threshold, driven by industrial investment in areas like Shelby County (ITT Goulds Pumps) and Madison County (Articast Jackson). This isn’t just inflation—it’s spatial repositioning: where industry grows, rents follow. The data shows that affordability is no longer uniform across Memphis; it’s now a ZIP-code-level reality. For investors, developers, and policy-makers, this means targeting not just ‘affordable’ zones, but understanding where economic momentum is creating high-rent corridors. The market is not just changing—it’s reorganizing. Learn more: https://alex-companies.com/data/2026-10-22-memphis-threshold-gross-rent-1500-zcta Share of Zip Codes With Median Gross Rent Above $1,500, top 10 (ALEX Intelligence — U.S. Census Bureau 2024) #1 ZIP 38139 — $2,697 #2 ZIP 38002 — $1,753 #3 ZIP 38138 — $1,726 #4 ZIP 38018 — $1,716 #5 ZIP 38120 — $1,705 #6 ZIP 38135 — $1,702 #7 ZIP 38060 — $1,661 #8 ZIP 38103 — $1,661 #9 ZIP 38017 — $1,609 #10 ZIP 38016 — $1,595 Photos via Wikimedia Commons: Slide 1: photophone02 (CC BY-SA 3.0) https://commons.wikimedia.org/?curid=53906683; Slide 2: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162754011; Slide 3: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162752367; Slide 4: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162754452 Source: https://alex-companies.com/data/2026-10-22-memphis-threshold-gross-rent-1500-zcta 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