Home Values

Shelby Forest-Frayser Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$40,200

  • -4.7% 1-year change
  • 2.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

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Buyers' Market
Sellers' Market

The median home value in Shelby Forest-Frayser is $40,200. Shelby Forest-Frayser home values have declined -4.7% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Shelby Forest-Frayser is None. The median rent price in Shelby Forest-Frayser is $650, which is lower than the Memphis median of $850.

Foreclosures will be a factor impacting home values in the next several years. In Shelby Forest-Frayser 17.7 homes are foreclosed (per 10,000). This is greater than the Memphis value of 10.8 and also greater than the national value of 3.5

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Relative ZHVI
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Shelby Forest-Frayser Market Overview

Data through May 31, 2015
  • $40,200 ZHVI
  • 2.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Shelby Forest-Frayser Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • No data Homes with negative equity (15.4% US Avg)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

17.7 homes Shelby Forest-Frayser
10.8 homes Memphis
3.5 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Raleigh $67,700
Midtown $59,100
White Haven-Coro Lake $56,200
Name Median ZHVI
Parkway Village-Oakhaven $56,000
Downtown Memphis $45,800
Berclair-Highland Heights $41,200

Listings & Sales

  • No data
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Shelby Forest-Frayser Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $667 Shelby Forest-Frayser
    $862 Memphis
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $650 Rent list price
  • $0.58 Rent list price / sq ft
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