Best In Tennessee Real Estate™: Memphis

Memphis leads Tennessee in net migration decline — a 485-household drop in 2022-23, the worst in the state. This data from ALEX Intelligence’s latest report shows that despite strong industrial and tech investment, the city is losing more people to other counties than any other Tennessee metro. For real estate investors, this is not just a demographic trend — it’s a signal of deeper systemic challenges in retention, stability, and quality of life. How can a city grow its economy while losing its people? The answer lies in aligning infrastructure, public services, and community trust. For context, the same report highlights that ITT Goulds Pumps and Articast Jackson are expanding in Shelby and Madison counties, and Anthropic is investing in Memphis infrastructure — all while migration trends worsen. This contrast is not coincidental. The real estate market in Memphis is not just about supply and demand — it’s about whether people want to stay. https://alex-companies.com/data/2026-10-26-memphis-mig-trend-net Year-Over-Year Change in Net Migration, top 10 (ALEX Intelligence — U.S. Internal Revenue Service 2023) #1 DeSoto County, MS — 210 #2 Harris County, TX — 37 #3 Miami-Dade County, FL — 26 #4 DeKalb County, GA — 24 #5 Fulton County, GA — 23 #6 Clayton County, GA — 20 #7 Craighead County, AR — 18 #8 Duval County, FL — 18 #9 St. Louis County, MO — 17 #10 Denton County, TX — 16 Photos via Wikimedia Commons: Slide 1: zantastik (CC BY 3.0) https://commons.wikimedia.org/?curid=53745972; Slide 2: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162750776; Slide 3: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162750565; Slide 4: Warren LeMay from Chicago, IL, United States (CC BY-SA 2.0) https://commons.wikimedia.org/?curid=162753305 Source: https://alex-companies.com/data/2026-10-26-memphis-mig-trend-net 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