According to a recent statistic by RentCafe, the Bluff City has seen a massive increase in the amount of millionaire homeowners who are seeking to settle in the region.
From 2020 to 2024, Memphis has gone from only 52 households making at least $1 million to nearly 536 households, which marks an impressive 931% increase in just four years.
Memphis also ranks just below Nashville as the second-largest desired market for wealthy homeowners in the state.
The full list of RentCafe’s rankings can be found below.
