Total housing units: 548,533
Single family flips: 1,331
Average pre-flip purchase price: $68,317
Average flipped price: $96,869
Memphis is the largest city by population on the Mississippi River, as well as the largest city in the state of Tennessee (Nashville currently has the largest surrounding metropolitan area, however). Considered the poorest city in the US by median income, Memphis has the lowest average pre-flip purchase price for a single-family home in the Top 10.
Earlier this year, Memphis's city council renamed three of the city's public parks to distance itself from Confederate historical ties. Jefferson Davis Park, for instance, was renamed Mississippi River Park.
