Property management
in Medical District.
We price Medical District 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 Medical District sits in the Memphis area.
Medical District 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 Medical District
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 Medical District boundary shown above. The Less/More marker places Medical District 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 Medical District history
One of the largest medical concentrations in the American South, anchored by the University of Tennessee Health Science Center, Methodist University Hospital, Le Bonheur Children's Hospital, Regional One Health, and Baptist Memorial Hospital. The district underwent extensive coordinated redevelopment beginning in 2014 under the <a href="https://memphismedicaldistrict.org" rel="noopener" target="_blank">Memphis Medical District Collaborative</a>, with new mixed-use housing, retail, and the Edge District-adjacent Crosstown corridor.
For owners, Medical District is a rental-demand market. Our typical-rent figure here is built on 30 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 Medical District property management
Does Longstep manage rental property in Medical District?
Yes. Longstep manages long-term and short-term rentals in Medical District 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 Medical District?
Typical rent in Medical District runs about $1,573 a month, with most homes between $1,349 and $2,159 depending on size and condition. The most reliable number is your own address, which you can check free above.
What does a Medical District home earn as a short-term rental?
Across 34 active Medical District short-term listings the typical nightly rate is about $125 at roughly 52% occupancy. Well-equipped, professionally managed homes tend to run above that.
What does Longstep charge to manage a Medical District 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 Medical District
A sample of Medical District 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 Medical District 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.