Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the River Oaks area can be challenging. Home prices in River Oaks are now at a median cost of $400,890, higher than the Memphis average of $244,390.
The average cost of rent is $1,608/mo in River Oaks, primarily driven by the current value of real estate in the River Oaks area. In River Oaks, 45.56% of households rent, and 34.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in River Oaks is $9,476 per month. Households that rent pay about 16.97% of their income on rent here. River Oaks’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- River Oaks-Kirby-Balmoral, Memphis, TN: less expensive homes
- Hickory Ridge-South Riverdale, Memphis, TN: less expensive homes
- Cordova-Appling, Cordova, TN: less expensive homes
- East Memphis-Colonial-Yorkshire, Memphis, TN: less expensive homes
- Windyke-Southwind, Memphis, TN: equally priced homes
- Walnut Grove - Shelby Farms PD, Germantown, TN: higher priced homes
- Parkway Village-Oakhaven, Memphis, TN: less expensive homes
- Berclair-Highland Heights, Memphis, TN: less expensive homes
- Eads-Fisherville, Cordova, TN: less expensive homes
- Raleigh, Memphis, TN: less expensive homes
Neighborhoods with Similar Populations
- East del Paso Heights, Sacramento, CA: less expensive homes
- Gresham-Gresham Butte, Gresham, OR: higher priced homes
- Garrison, Owings Mills, MD: higher priced homes
- Fairoaks, Tampa, FL: higher priced homes
- Fairmede-Hilltop, San Pablo, CA: higher priced homes
- Fairfax, Colorado Springs, CO: higher priced homes
- Edgewood, Cranston, RI: equally priced homes
- East Village, Amherst, MA: higher priced homes
- East Roseville Parkway, Roseville, CA: higher priced homes
- East Hill, Eau Claire, WI: less expensive homes
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