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America's Emptiest Cities

Memphis, Tenn.

Home Vacancy Rate: 4.7 percent

Apartment Vacancy Rate: 16.1 percent

Elvis Presley's hometown has a steady economy, but decaying rental properties near the city center drag its statistics down. With an apartment vacancy rate of 16.1 percent at the end of 2011, it lands on the list of Emptiest Cities even though prominent landlord Mark Fogelman says the rate in most parts of the city is less than 8 percent.

(David Liu/iStock Photo)

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