Where Rents Are Dropping

BusinessWeek
It's a great time to be a tenant, as long as you have a good job that pays the bills. Rents are falling in major metros as landlords scramble to find tenants in an increasingly competitive environment. Renters are giving up apartments and downsizing or moving in with parents or roommates and thus, vacancies are climbing. For example, in Memphis, landlords are giving 4.4 weeks of rent concessions on average

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$499,900
Bed: 4 Bath: 5.0
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Bed: 4 Bath: 4.0
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$499,900
Bed: 3 Bath: 2.5
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Bed: 4 Bath: 4.5
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Bed: 4 Bath: 3.1
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Memphis Market

Number of homes for sale7053
Number of sales last month904
Average market value$99,165
Average list price$148,316
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Memphis Demographics

Population Density2,275
Household Median Income$35,839
Households262,190
Cost Of Living81
Comfort Index30
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Memphis Schools

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Elementary School31116
Middle School032
High School237
College233
Other218
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