Compare: Shelby Forest-Frayser vs Memphis
Home Values in Shelby Forest-Frayser and Memphis
|Zillow Home Value IndexWhat's this?||$44,700||vs||$65,500|
|Median List Price||$24,900||vs||$95,000|
|Median Sale Price||$31,100||vs||$120,600|
|Total Homes Sold in Oct||56 homes||vs||1101 homes|
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 risen by 17.0%, while Memphis home values have risen by 9.7%. The median sale price in Shelby Forest-Frayser is $31,100, but the median listing price was $24,900, a 24.9% increase. Meanwhile in Memphis, the median selling price is $120,600, and the starting price had a median of $95,000, a 26.9% increase. In October, Shelby Forest-Frayser home sellers managed to move 56 houses, while Memphis saw 1101 transactions.
Demographics in Shelby Forest-Frayser and Memphis
|Median Household Income||$28,104||vs||$32,285|
|Homes with Kids||30.5%||vs||27.0%|
|Average Household Size||2.9||vs||2.5|
|Average Commute Time (Minutes)||28||vs||24|
At $32,285, the median income in Memphis is $4,181 more than in Shelby Forest-Frayser, and $12,227 lower than the national average. Shelby Forest-Frayser has a younger median age, at 30, compared to 34 in Memphis, and a longer average commute. The average commute in Memphis is 24 minutes and the average commute in Shelby Forest-Frayser is 28 minutes.