Collierville is one of the most desirable suburbs in the Memphis area. The town has seen significant population growth over the last decade (37.9% from 2000-2010 according to the US Census).
Although sales of Collierville homes have slowed down since 2007, the town has enjoyed better sales trends than many other areas in Shelby county.
The high demand for housing and the relatively strong market for home sales (few rentals available) make Collierville’s rental market very favorable for landlords.
Collierville, along with Germantown and Bartlett, enjoys very high home ownership rates (according to the US Census, over 83% of the households in Collierville own their home vs. 53.7% in Memphis). This translates into well-maintained neighborhoods that show significant pride of ownership and that attract tenants who are likely to be good, responsible neighbors.
Also, since most of the households attracted to Collierville are families interested in the local public schools, landlords are likely to find good, long-term tenants.
If you own a home in Collierville that you wish to rent out and are looking for a low-risk, hassle-free property management alternative, take a look at our unique leasing program. It is designed for quality-oriented homeowners looking to rent out their home, without the hassles of being a landlord.