Property management
in Center City.
We price Center City on its own block-by-block comps, never a citywide average, and manage it with one local team that knows this part of Memphis.
Free, instant, no obligation. Enter your address for a live comp-backed rent estimate. Or call (901) 244-2911.
Where Center City sits in the Memphis area.
Center City by the numbers
The same data we use to price and underwrite our own portfolio, with the sample behind each figure shown.
What is happening on the ground in Center City
Live signals from the county and the city: how much building is underway, how many structures are flagged as derelict or substandard, and reported crime over the past year. Each is shown against the typical Memphis area we cover, measured per square mile so a big suburb and a small neighborhood compare fairly.
Counts cover the Center City boundary shown above. The Less/More marker places Center City against the per-square-mile rate of every Memphis area we manage, so the raw count is read in context rather than on its own. Refreshed continuously from public records. Reported incidents are not total crime and do not measure how safe an area is or anything about the people who live there. We show the same public figures for every area and rate none. This is factual public data, not legal, investment, or fair-housing advice.
A bit of Center City history
Contemporary branding for the Downtown Memphis Central Business Improvement District (CBID). The district is administered by the <a href="https://downtownmemphis.com/" rel="noopener" target="_blank">Downtown Memphis Commission</a>, an independent agency established in 1977 as the Center City Commission and renamed in 2012; it is funded by a special assessment on commercial properties inside the CBID rather than by city or county tax dollars.
For owners, Center City is a rental-demand market. Our typical-rent figure here is built on 20 live comps, so the number is grounded rather than guessed. We price each property to its own block and screen for residents who will stay.
How we can run it
Common questions about Center City property management
Does Longstep manage rental property in Center City?
Yes. Longstep manages long-term and short-term rentals in Center City with one local team, in-house cleaning and maintenance at cost, and every fee disclosed up front.
What can I rent a home for in Center City?
Typical rent in Center City runs about $2,150 a month, with most homes between $1,625 and $2,605 depending on size and condition, and rentals lease in a median of 43 days. The most reliable number is your own address, which you can check free above.
What does a Center City home earn as a short-term rental?
Across 401 active Center City short-term listings the typical nightly rate is about $142 at roughly 50% occupancy. Well-equipped, professionally managed homes tend to run above that.
What does Longstep charge to manage a Center City rental?
Long-term management is 8% of collected rent plus a one-time placement fee; short-term is 10% all-in. Maintenance and cleaning are in-house at cost, with no third-party markup.
Properties in Center City
A sample of Center City addresses with rent comps, short-term comps, or a recorded renovation on file. Open one for its county value, estimated rent, and renovation history.
What would your Center City property rent for?
Send us the address. We pull the real comps for that exact street and show you the long-term and short-term picture, free.
Free, no obligation. Or call (901) 244-2911.