Compare: Shelby Forest-Frayser vs Downtown

Home Values in Shelby Forest-Frayser and Downtown

Shelby Forest-Frayser
vsDowntown
Zillow Home Value IndexWhat's this?
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Zillow Home Value Index
Mid-point of Zestimate valuations for Shelby Forest-Frayser. Half the Zestimates are above this number and half are below it.
$43,800vs$46,900
1-Year Change+5.0%vs+12.2%
Median List Price$24,500vs$144,000
Median Sale Price$35,700vs$173,200
Shelby Forest-Frayser, Memphis tends to be less expensive for home buyers than Downtown, Memphis. During the last year, Shelby Forest-Frayser home values have risen by 5.0%, while Downtown home values have risen by 12.2%. The median sale price in Shelby Forest-Frayser is $35,700, but the median listing price was $24,500, a 45.7% increase. Meanwhile in Downtown, the median selling price is $173,200, and the starting price had a median of $144,000, a 20.3% increase.

Why is Downtown more expensive than Shelby Forest-Frayser?

Shelby Forest-Frayser, Memphis, TN

Map of Shelby Forest-Frayser, Memphis, TN
Shelby Forest-Frayser is a neighborhood in Memphis, TN with a population of 35,254. The median household income is $28,104.

Downtown, Memphis, TN

Map of Downtown, Memphis, TN
Downtown is a neighborhood in Memphis, TN with a population of 54,607. The median household income is $23,676.