With an estimated 633,104 residents, Memphis is the second-most populous city in Tennessee. It also serves as the county seat of Shelby County.
Memphis is known for many things, chief among them being music, particularly the distinct Memphis blues sound. Beale Street is a popular destination in the city, where a variety of historic blues clubs are located. It is also where the Beale Street Music Festival takes place.
Additionally, Memphis is famous for its local cuisine, with Memphis-style barbecue getting significant notice. The city also hosts the World Championship Barbecue Cooking Contest, which draws in thousands of tourists each year. Other events the city is known for include
the Memphis Italian Festival, Carnival Memphis, and the Indie Memphis Film Festival.
In terms of the arts, Memphis does not disappoint. The city is home to numerous museums, such as the Memphis Brooks Museum of Art, the Dixon Gallery and Gardens, the National Civil Rights Museum, and Graceland. There are also several performing arts companies that operate within the city, like Ballet Memphis and Opera Memphis.
Other attractions in Memphis include the Memphis Zoo, the Orpheum Theatre, the New Daisy Theatre, Sun Studio, the Stax Museum, Mud Island, the Burkle Estate, the Memphis Botanic Garden, Shelby Farms, and Overton Park.
HOA Management Services in Memphis, TN
In Memphis, the median listing price for a home is $175K, while the median home value is $101.8K. It is worth noting, though, that home prices can range from $3.5K all the way up to $4M. Approximately half of the city’s population are renters, edging out homeowners by a small margin. When it comes to rent, Memphis boasts a median rent of $901. This is lower than the national average.
The median household income in Memphis is $41,228. Compared to national percentages, the residents in Bluff City tend to be less educated. Only 10 percent of its population hold a master’s degree or higher, and 16 percent hold a bachelor’s degree. Meanwhile, 29 percent of residents here graduated with some college or associate’s degree.
Memphis is home to a number of neighborhoods. The ones that boast the most expensive real estate include White Station, Poplar Ave / S Perkins Rd, and Central Ave / S Fenwick Rd. Among the many homeowners in Memphis, a majority prefer to live in communities run by homeowners associations. This is perhaps due to the benefits these communities provide.
For one thing, homeowners associations offer a host of amenities and services not typically accessible to the general public. Moreover, by enforcing strict rules and regulations, these HOAs are able to preserve the quality of life in their communities as well as protect property values. As a homeowner, this is certainly an attractive perk, as anyone would wish to safeguard their investment.
Memphis, TN Community Association Management Services
Homeowners associations are definitely sought-after communities in Memphis. However, they can be hard to manage. In fact, many HOA boards don’t have sufficient time or expertise to successfully handle the day-to-day operations of the community association.
This is where a Memphis HOA management company can step in. A professional company can assist your board with a wide range of duties and responsibilities. This includes completing the mundane tasks usually associated with back-office and administrative management. Moreover, an established company will have the necessary resources and connections required to make your community a better place.
Cedar Management Group is one of the premier HOA management companies in the Tennessee area. Our Memphis community association management services include community management, accounting and collections, maintenance and violations, and board education. We also offer reserve planning, legal assistance, and value-added services.