Compare: Shelby Forest-Frayser vs Downtown
Home Values in Shelby Forest-Frayser and Downtown
|Zillow Home Value IndexWhat's this?||$40,600||vs||$35,300|
|Median List Price||$25,900||vs||$167,000|
|Median Sale Price||$32,800||vs||$202,700|
Shelby Forest-Frayser, Memphis tends to be more expensive for home buyers than Downtown, Memphis. During the last year, Shelby Forest-Frayser home values have risen by 3.8%, while Downtown home values have fallen by 3.3%. The median sale price in Shelby Forest-Frayser is $32,800, but the median listing price was $25,900, a 26.6% increase. Meanwhile in Downtown, the median selling price is $202,700, and the starting price had a median of $167,000, a 21.4% increase.
Demographics in Shelby Forest-Frayser and Downtown
|Median Household Income||$28,104||vs||$23,676|
|Homes with Kids||30.5%||vs||23.5%|
|Average Household Size||2.9||vs||2.5|
|Average Commute Time (Minutes)||28||vs||25|
At $23,676, the median income in Downtown is $4,427 less than in Shelby Forest-Frayser, and $20,836 lower than the national average. Shelby Forest-Frayser has a younger median age, at 30, compared to 35 in Downtown, and a longer average commute. The average commute in Downtown is 25 minutes and the average commute in Shelby Forest-Frayser is 28 minutes.