Compare: Shelby Forest-Frayser vs Memphis

Home Values in Shelby Forest-Frayser and Memphis

Shelby Forest-Frayser
Zillow Home Value IndexWhat's this?
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.
1-Year Change-3.0%vs+0.8%
Median List Price$23,800vs$92,500
Median Sale Price$22,500vs$125,400
Shelby Forest-Frayser, Memphis tends to be less expensive for home buyers than Memphis, TN. During the last year, Shelby Forest-Frayser home values have fallen by 3.0%, while Memphis home values have risen by 0.8%. The median sale price in Shelby Forest-Frayser is $22,500, but the median listing price was $23,800, a 5.5% discount. Meanwhile in Memphis, the median selling price is $125,400, and the starting price had a median of $92,500, a 35.6% increase.

Why is Memphis 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.

Memphis, TN

Map of Memphis, TN
Memphis is a city in Shelby county, TN with a population of 658,464. The median household income is $32,285.