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Cheapest Neighborhoods In Memphis, TN To Buy A House

Like any large city, home prices in Memphis have continued to increase over the years. Fortunately, there are still some neighborhoods in Memphis that offer some affordable housing options. These are the cheapest neighborhoods in Memphis for 2025. The neighborhoods are ranked by the lowest median home prices when compared to the average median home price in Memphis.

Berclair-Highland Heights
Population 32,735
-43%
Median Home Value $61,048
43% less expensive than Memphis
Shelby Forest-Frayser
Population 34,345
-40%
Median Home Value $63,796
40% less expensive than Memphis
Parkway Village-Oakhaven
Population 38,591
-31%
Median Home Value $74,096
31% less expensive than Memphis
White Haven-Coro Lake
Population 87,467
-27%
Median Home Value $78,449
27% less expensive than Memphis
Raleigh
Population 58,688
-24%
Median Home Value $81,134
24% less expensive than Memphis
Hickory Ridge-South Riverdale
Population 66,172
-2%
Median Home Value $105,147
2% less expensive than Memphis
Downtown
Population 48,022
5%
Median Home Value $112,443
5% more expensive than Memphis
Midtown
Population 61,886
20%
Median Home Value $128,531
20% more expensive than Memphis
East Memphis-Colonial-Yorkshire
Population 104,210
38%
Median Home Value $147,292
38% more expensive than Memphis
Eads-Fisherville
Population 3,796
44%
Median Home Value $154,400
44% more expensive than Memphis

Memphis neighborhoods


Best Neighborhoods in Memphis for Singles
Best Neighborhoods in Memphis for Families
Safest Neighborhoods in Memphis
Most Dangerous Neighborhoods in Memphis
Most Affordable Neighborhoods in Memphis
Most Expensive Neighborhoods in Memphis
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