Memphis leads the way with more foreclosures than any other city in Tennessee. Shelby foreclosures for sale have increased at an astounding rate and more homes have been added to the list because of delinquent taxes. Local officials believe the best way to prevent more foreclosures is to provide a venue where homeowners and banks can speak with each other in a relaxed atmosphere. Nevertheless, there is a great opportunity to purchase affordable housing in this historic city.
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Today, 742,219 people lives in Memphis. Dividing in a racial composition, this number comes into pieces of: 37.60% White, 56.68% black, 0.19% Indian, 2.76% Hispanic, 1.40% asian and 1.38% registered as "other race". According to last Census, the median age of people in the city is 15 years.
4,822 households. This is the number of properties per zipcode counted by Census in its last work in Memphis. Census report brought that the average value of homes is $39,790. Memphis has the record of 1 people per household. The income of these properties is $18,809.
Memphis's working area is composed by 16,604 business places. The city counts with 388,496 workers. The city has an annual payroll of $257,710.
Memphis is a great city in Tennessee. Find your dream home right now with our listings that are available
