Compare: Shelby Forest-Frayser vs Raleigh

Home Values in Shelby Forest-Frayser and Raleigh

Shelby Forest-Frayser
vsRaleigh
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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.
$42,000vs$59,900
1-Year Change+5.8%vs+4.5%
Median List Price$25,000vs$57,000
Median Sale Price$32,800vs$46,600
Shelby Forest-Frayser, Memphis tends to be less expensive for home buyers than Raleigh, Memphis. During the last year, Shelby Forest-Frayser home values have risen by 5.8%, while Raleigh home values have risen by 4.5%. The median sale price in Shelby Forest-Frayser is $32,800, but the median listing price was $25,000, a 31.2% increase. Meanwhile in Raleigh, the median selling price is $46,600, and the starting price had a median of $57,000, a 18.2% discount.

Demographics in Shelby Forest-Frayser and Raleigh

Shelby Forest-Frayser
vsRaleigh
Population35,254vs56,895
Median Household Income$28,104vs$41,176
Median Age30vs32
Homes with Kids30.5%vs33.5%
Average Household Size2.9vs2.8
Average Commute Time (Minutes)28vs26
At $41,176, the median income in Raleigh is $13,072 more than in Shelby Forest-Frayser, and $3,336 lower than the national average. Shelby Forest-Frayser has a younger median age, at 30, compared to 32 in Raleigh, and a longer average commute. The average commute in Raleigh is 26 minutes and the average commute in Shelby Forest-Frayser is 28 minutes.

Why is Raleigh 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.

Raleigh, Memphis, TN

Map of Raleigh, Memphis, TN
Raleigh is a neighborhood in Memphis, TN with a population of 56,895. The median household income is $41,176.