Munford, Tennessee is a growing community located in Tipton County, about 30 miles north of downtown Memphis. Known for its welcoming atmosphere and small-town charm, Munford combines accessibility with stability, making it an appealing location for investors seeking value and long-term growth within the greater Memphis metropolitan area. With a population of approximately 6,500 residents, the city offers a balance of affordability, employment access, and local amenities while maintaining proximity to major economic hubs. Its location places it just 10 miles from Millington—one of the area’s key commercial centers—and about 40 minutes from Ford’s $5.6 billion BlueOval City, a next-generation electric vehicle manufacturing campus expected to anchor thousands of jobs across West Tennessee.


Munford’s local economy benefits from its proximity to Millington’s commercial and industrial zones as well as from the broader Memphis region’s diversified economic base. Major employers in nearby areas include FedEx, Nike, International Paper, and Valero Energy. The region’s infrastructure—anchored by the I-40 corridor, Memphis International Airport, and extensive freight rail lines—creates strong connectivity for both businesses and residents. As Ford’s BlueOval City and SK On’s battery production facility come online, the entire west-central Tennessee corridor, including Tipton County, is expected to see rising housing demand and continued investment in residential development. This positions Munford as a prime location for investors targeting markets that combine affordability, job access, and long-term appreciation potential.


Beyond its economic advantages, Munford is recognized for its high quality of life and civic engagement. The city hosts several annual community events, including the Munford Fall Festival—an art, food, and music celebration that attracts visitors from throughout Tipton County. The local government maintains an active focus on economic development, infrastructure improvement, and public services that enhance both livability and investment value. The Tipton County Museum and the nearby USA Stadium Complex in Millington offer cultural and recreational opportunities, while regional shopping centers, dining, and entertainment venues are within a short drive. Baptist Memorial Hospital-Tipton provides nearby emergency care and medical services, and the Tipton County Public Library system supports local education and learning programs for all ages.


The real estate market in Munford is defined by stable home values and consistent demand. Median home prices average around $285,000, with year-over-year appreciation driven by both new construction and inbound workforce growth related to industrial expansion in nearby counties. Inventory remains limited, keeping competition strong and supporting price resilience. Investors benefit from Tipton County’s low property taxes and Tennessee’s absence of a state income tax, which together create favorable conditions for both cash flow and long-term yield. New construction single-family homes in the area are designed for energy efficiency and ease of maintenance, aligning well with investor priorities for stable rental performance and reduced operating costs.


For investors, Munford offers a compelling balance of proximity and potential—close enough to benefit from the industrial and economic momentum of Memphis and BlueOval City, yet distinct in its affordability and small-town appeal. As infrastructure investment and corporate growth continue to shape West Tennessee, Munford is well-positioned to experience steady appreciation and rental demand, making it a sound addition to a diversified real estate portfolio focused on long-term performance and regional growth opportunities.


redfin.com/city/13800/TN/Munford/housing-market

zillow.com/munford-tn/home-values

datausa.io/profile/geo/munford-tn

census.gov/quickfacts/fact/table/munfordcitytennessee

ford.com/blueovalcity

tiptonco.com/economic-development