Memphis Ranks # 3 For Cities by Millennials For Their Home-Buying in 2016

3. Memphis, TN

Median list price: $164,000

Population share of older millennials: 13.5%

Not exactly known as a young city, Memphis has a slightly higher share of 25- to 34-year-olds than the U.S. average, and the rate is rising. Why? Could it be the nation’s best barbecue? Or maybe it’s a bit of Graceland magic. Most likely, it’s the market’s housing affordability and low cost of living that are attracting millennials and encouraging them to buy—the share of older millennial households is 7% higher than the national average. The area’s median household income is also increasing faster than the national average

About memphisrelocation

Eileen Cherny had been in the Advertising business in Memphis and Houston, Texas prior to becoming a Real Estate agent. Eileen is affiliated with Marx - Bensdorf REALTORS® as a the SR Vice President Relocation & Client Services. She attended the University of Texas at Austin and graduated with a Bachelor of Science in Advertising. Eileen is a member in good standing with the Memphis Area Association of Realtors which encompasses Shelby, Tipton, Fayette and Crittenden counties. She previously served on the Homes for Sale Magazine Committee, the Reception Committee as well as the Public Relations Committee. She has completed numerous Real Estate courses through her affiliation with the Memphis Area Association of Realtors and has earned the designations as of Certified Relocation Professional (CRP) and Global Mobility Specialist (GMS) as well as being a member of the Leading Real Estate Companies of the World Advisory Council. Eileen decided to affiliate with Marx-Bensdorf, REALTORS® because of its global connections and outstanding achievements. Eileen is a resident of Memphis and serves in numerous civic, philanthropic and charitable organizations. She has been married 29 years to Irving who is a Dentist and has three children, Alison, Mathew and Sara.
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