Compare: Shelby Forest-Frayser vs Raleigh
Home Values in Shelby Forest-Frayser and Raleigh
|Zillow Home Value IndexWhat's this?||$42,900||vs||$66,100|
|Median List Price||$29,000||vs||$55,000|
|Median Sale Price||$48,500||vs||$72,400|
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 3.6%, while Raleigh home values have risen by 4.4%. The median sale price in Shelby Forest-Frayser is $48,500, but the median listing price was $29,000, a 67.2% increase. Meanwhile in Raleigh, the median selling price is $72,400, and the starting price had a median of $55,000, a 31.6% increase.
Demographics in Shelby Forest-Frayser and Raleigh
|Median Household Income||$28,104||vs||$41,176|
|Homes with Kids||30.5%||vs||33.5%|
|Average Household Size||2.9||vs||2.8|
|Average Commute Time (Minutes)||28||vs||26|
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.