Real Estate in Memphis
Things to do
Real Estate in Memphis, Tennessee
Memphis is a city in the state of Tennessee. It is found in southeastern Shelby County, along the Mississippi River. The city had a population of 633,108 in 2020, making it the second-most populated city in Tennessee, behind Nashville. Memphis is the fifth-most populous urban area in the Southwest region. It is the anchor of the western part of Tennessee and the Mid-South region. Its influence extends to the neighboring areas of Mississippi, Arkansas, and Missouri. It is the largest city in Shelby County and also its county seat. The city's status as a major economic hub has skyrocketed the demand for real estate in Memphis, Tennessee.
History of Memphis
History of Memphis
Memphis was founded in 1819 by three renowned Americans: James Winchester, John Overton, and Andrew Jackson, who later became the U.S. president. Memphis rapidly developed and became one of the most populated cities in the Antebellum South in its early years. It was the main market for agricultural products, the American slave trade, and natural resources like lumber. After the end of slavery and the American Civil War, Memphis experienced even more rapid growth, as it headed into the 20th century. It became one of the largest cotton markets in the world, attracting thousands of traders. It also dealt in lumber, a common natural resource in the area. Memphis was home to the largest African American population in Tennessee, and it played a crucial role in the American civil rights movement. The city was the site of the assassination of Martin Luther King Jr in 1968. Memphis is now the host of the National Civil Rights Museum, one of the popular attractions in the city. After the instability that resulted from the civil rights movement and the subsequent assassination of Martin Luther, Memphis has grown to become a leading commercial center in Tennessee. In the late 1990s, the city experienced a surge in corporate companies setting up offices and operation bases in the downtown area. FedEx is one of the companies with offices in Memphis. The company maintains its air hub at the Memphis International Airport. This airport is the busiest cargo airport globally, with millions of tonnes of cargo going through it annually. The city is generally known for its significant contribution to the culture and identity of the Southern region. It is also known as the birthplace of some of the most prominent musicians that ruled the airwaves from the 1960s to the 90s. Some musicians moved to Chicago and other areas, spreading their influence to other regions.
Things to do in Memphis
Things to do in Memphis
Memphis is one of the most populated cities in Tennessee and has a wide range of attractions you can see and do. While here, you can stroll along the busy Beale Street, where you get a chance to sample various hotels, music clubs, wedding venues, romantic restaurants, and breakfast spots. You can also visit the many historical attractions in Memphis and learn more about the region's history.
As already mentioned, Beale Street is one of the top attractions in Memphis. It is a historic street that runs from East Street and extends for about two miles to the Mississippi River. Covering a total of 27 acres, Beale Street is one of the top attractions in the city because it has a wide range of world-class amenities. While here, you can sample several restaurants and clubs. The street also holds several festivals and concerts. Beale Street was built in 1841, making it one of the oldest streets in the country. In the 1860s, it became the site for traveling artists and performers. Between the 1930s and 50s, Beale Street hosted many legendary jazz and blues musicians. It was the site of various music festivals at that time.
You can also visit the Memphis Brooks Museum of Art. This facility is the oldest art museum in Tennessee and the southern region. Having been in existence since 1916, the facility was designed by architect James Gamble Rogers, one of the most renowned architects of his generation. It covers a total area of 95 acres within Audubon Park. The botanic garden is home to 28 different types of gardens, including the Japanese Garden of Tranquility, the Blue Star Memorial Marker, and the Anne Heard Strokes Butterfly Garden. These small gardens make it quite attractive, with many tourists visiting the facility. One of the most notable gardens is "My Big Backyard," which has appeared in several Hollywood movies. It is also the family garden where children can slash, play, dig, and have a good time outdoors.
Graceland is another top destination in Memphis. It is a historical mansion constructed several years ago. This is Elvis Presley, the King of Rock and Roll who lived for close to 20 years before passing on in 1977. A few months after his death, his daughter Liss Marie opened the mansion to the public. Since then, Graceland has become the pilgrimage site for millions of Elvis fans that visit it annually. While here, you will be given a guided tour that gives you an idea of Elvis's personal life. The rooms he lived in are well preserved and remain unchanged. This and many other attractions make it profitable to consider investing in real estate for sale in Memphis, Tennessee.
The United States Census Bureau indicates that Memphis covers a total area of 325.0 square miles. Out of this area, 315.2 square miles are land, while 9.2 square miles is water. The city's downtown area rises from a bluff along the shores of the Mississippi River. The Memphis metropolitan area encompasses northern Mississippi, southwest Tennessee, and eastern Arkansas. A waterfront known as the Memphis Riverfront stretches from the Meeman-Shelby Forest State Park along the Mississippi River to the Fuller State Park found in the southern part of the metropolitan area.
According to the 2010 United States Census, the city of Memphis had a population of 652,079. There were also 246,893 households within the city. The city's population density was 2,328.6 residents per square meter. There were also 272,567 housing units in Memphis, with an average density of 973.5 households per square mile.
Memphis's racial makeup was 63.5% Black or African American, 29.2% White, 1.58% Native American, 1.46% Asian American, and 0.05% Pacific Islander. People of Latino or Hispanic origin made up 6.50% of the population. The median income in Memphis was $32,289, with a family's income standing at $37,788. The males in Memphis city had a median income of $31,238, with the females having a median income of $25,185. The city's per capita income was $17,835.
Memphis has one of the strongest economies in Tennessee. Its GDP is only second to Nashville's in the state, making it a major economic hub. Memphis's strategic location is one of the major contributors to its business development. Memphis is strategically located along the Mississippi River and is intersected by two Interstate Highways and five major freight railroads. The city is well-positioned for commerce in the shipping and transportation Industry. Its strategic location and access to water were vital for its early development, with steamboats used on the Mississippi River.
The construction of the railroad in the 1900s strengthened the city's connection to other outside markets to the west and east. Memphis is home to some of the most established companies in the region, including International Paper, FedEx, and AutoZone. All three companies are listed in Fortune 500 companies. Some of the other established companies in Memphis include Bearman, American Residential Services, and Allenberg Cotton. This means there are many job opportunities in the city, making it ideal to invest in real estate for sale in Memphis, Tennessee.
Arts in Memphis
Arts in Memphis
Memphis is one of the destinations when it comes to arts and entertainment. It is known for various art facilities and events that entertain locals. The Memphis Cultural Fair is a month-long event that promotes the city's culture and heritage. Its influence reaches people far beyond the city's borders. The month-long event features four major categories: International Week, Beale Street Music Festival, the Great River Run, and the World Champion Barbecue Cooking Contest.
The city also has a great influence on music. It is the home of pioneers and founders of various American music genres, including Memphis blues, Memphis soul, rock n roll, gospel, buck, Memphis rap, country music, and crunk. The city is also home to the Dixon Gallery & Gardens and the Brooks Museum, some of the best exhibition centers in Tennessee. In addition, Memphis hosts two burgeoning visual art areas that attract thousands of participants. These great attractions near residential areas have increased the demand for real estate in Memphis, Tennessee.
Schools in Memphis
Schools in Memphis
The Memphis educational area contains schools from Mississippi, Tennessee, and Arkansas. The Birmingham Boards of Education manage schools in this area. The system has an enrollment of 62 schools and 30,500 students. There are about 34 elementary schools and seven high schools in Memphis.
Its strategic location and access to the major transportation systems in the country make Memphis a great place to live and invest. The city has a thriving local economy and rapidly increasing population, making it profitable to invest in real estate in Memphis, Tennessee. The presence of several established companies within the city also increases job opportunities. Therefore, this is also a great place to settle if you are looking for a job. Living here is epic because you will have access to several amenities and outdoor recreational facilities.
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