Compare: Shelby Forest-Frayser vs Raleigh
Home Values in Shelby Forest-Frayser and Raleigh
|Zillow Home Value IndexWhat's this?||$44,700||vs||$66,200|
|Median List Price||$24,900||vs||$57,900|
|Median Sale Price||$31,100||vs||$67,900|
|Total Homes Sold in Oct||56 homes||vs||102 homes|
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 17.0%, while Raleigh home values have risen by 16.1%. 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 Raleigh, the median selling price is $67,900, and the starting price had a median of $57,900, a 17.3% increase. In October, Shelby Forest-Frayser home sellers managed to move 56 houses, while Raleigh saw 102 transactions.
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.