Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Shelby Forest-Frayser area can be challenging. Home prices in Shelby Forest-Frayser are now at a median cost of $118,543, lower than the Memphis average of $244,390.
The average cost of rent is $1,224/mo in Shelby Forest-Frayser, primarily driven by the current value of real estate in the Shelby Forest-Frayser area. In Shelby Forest-Frayser, 53.69% of households rent, and 42.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelby Forest-Frayser is $3,855 per month. Households that rent pay about 31.75% of their income on rent here. Shelby Forest-Frayser’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Raleigh, Memphis, TN: higher priced homes
- Crosstown, Memphis, TN: higher priced homes
- Berclair-Highland Heights, Memphis, TN: less expensive homes
- Medical District, Memphis, TN: higher priced homes
- Midtown-Memphis, Memphis, TN: higher priced homes
- Downtown Memphis, Memphis, TN: higher priced homes
- East Memphis-Colonial-Yorkshire, Memphis, TN: higher priced homes
- Cordova-Appling, Cordova, TN: higher priced homes
- River Oaks-Kirby-Balmoral, Memphis, TN: higher priced homes
- River Oaks, Memphis, TN: higher priced homes
Neighborhoods with Similar Populations
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- East Harlem, Manhattan, NY: higher priced homes
- Edgewater, Chicago, IL: higher priced homes
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