The Most Affordable Neighborhoods in Hickory Ridge-South Riverdale, Memphis, TN by Home Value

 

Hickory Ridge-South Riverdale, Memphis, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hickory Ridge-South Riverdale area can be challenging. Home prices in Hickory Ridge-South Riverdale are now at a median cost of $111,658, lower than the Memphis average of $186,591.

The average cost of rent is $1,160/mo in Hickory Ridge-South Riverdale, primarily driven by the current value of real estate in the Hickory Ridge-South Riverdale area. While nearly 24.98% of residents own their homes outright in Hickory Ridge-South Riverdale, 55.70% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hickory Ridge-South Riverdale is $4,339 per month. Households that rent pay about 26.75% of their income on rent here. Hickory Ridge-South Riverdale's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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