$269,556Average Value$243Average Price per Sq Ft2Homes For Sale
Locals enjoy affordability and access in Balmoral
Directly outside I-240 in East Memphis, Balmoral resembles many 20th-century suburbs with its wide drives and calm atmosphere. Residents enjoy the neighborhood’s ease of access to commuting routes and suburban feel, but its affordability compared to other areas close by is the main draw. “It’s a lower price point than nearby neighborhoods like Kirby Woods,” says Max Rubenstein, a Realtor with Keller Williams and a lifelong Memphian. “As markets have changed and things have shifted, that’s probably more of an entry-level price point.”
Midcentury ranch-style homes make up neighborhood
Quiet residential streets branch off Ridgeway Road and Quince Road, with gently curved drives often ending in cul-de-sacs. The neighborhood was mainly developed in the 1960s and 1970s, and most homes date from that era. Ranch-style and bi-level houses generally sell between $200,000 and $325,000. Some newer builds or renovated properties can sell between $400,000 and $500,000.
Kids attend Memphis-Shelby County Schools or highly rated private options
Memphis-Shelby County Schools serve Balmoral, and kids can start at Balmoral-Ridgeway Elementary, which receives a C-plus grade from Niche. Ridgeway Middle and Ridgeway High each earn a C grade. Students can pursue the International Baccalaureate program through all three schools in the pipeline. Private school options include A-rated Westminster Academy, as well as the all-girls Hutchison School and all-boys Memphis University School, each given an A-plus. All three private schools are K-12.
Balmoral can easily access Interstate 240
Interstate 240, which acts as a beltway around Memphis, runs alongside the northwest edge of Balmoral, while Bill Morris Parkway passes along its southern side. “The interstate’s pretty close there,” Rubenstein says. “There are three access points for anyone in that neighborhood.” The MATA bus system stops outside the neighborhood, but residents generally drive to their destinations. Downtown Memphis is about 15 miles away, and Memphis International Airport is roughly a 10-mile drive. The airport offers nonstop flights to nearly 40 destinations, mainly across the United States.
Poplar Avenue offers shopping centers and popular restaurants
Balmoral is mainly residential, but the neighborhood has commercial districts to both the north and south. Residents can take Ridgeway Road to the Apple Tree Center, which has a Walmart Neighborhood Market and several small restaurants. On the neighborhood’s opposite side, several shopping centers line Poplar Avenue, including Ridgeway Trace. The development has a Target and a Best Buy, while sit-down restaurants like Belly Acres and fast food spots like Chick-fil-A also sit alongside Poplar Avenue.
Memphians head to Shelby Farms Park for recreation
The Lichterman Nature Center is across the street from Balmoral on a 65-acre preserve. The center is run by the Memphis Museums of Science and History and offers a visitor center, a play area for kids and trails through the forest for wildlife viewing. In the neighborhood, May Park has 10 soccer fields for youth sports programs, while the Ric Nuber YMCA has a gym with weights and treadmills and a pool. Residents also head 6 miles north to Shelby Farms Park, one of the largest urban parks in the country.
The Balmoral Neighborhood Association holds community events
The Balmoral Neighborhood Association is a voluntary group of the area’s residents. In addition to helping keep the neighborhood clean and safe, the association holds events for the community. These include an annual block party each fall and a Fourth of July parade. Residents can also head into Downtown Memphis for entertainment. The NBA’s Memphis Grizzlies play at FedExForum downtown, while music or barbecue-inspired festivals happen nearly every month.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Kendra Bell,
an experienced agent in this neighborhood.
Parks in this Area
Walter May Park
Soccer
Transit
Airport
Memphis International
17 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Balmoral
US
Homicide
4
4
Sexual Assault
5
4
Assault with Weapon
4
4
Robbery
4
4
Burglary
5
4
Motor Vehicle Theft
4
4
Larceny
5
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Balmoral Demographics and Home Trends
On average, homes in Balmoral, Memphis sell after 38 days on the market compared to the national average of 70 days. The median sale price for homes in Balmoral, Memphis over the last 12 months is $439,000.
Fully renovated 5 bedroom, 3 full bath home with 3 bedrooms down and 2 up. Features a spacious eat-in kitchen with tile floors, beautiful hardwood floors, formal living and dining rooms, smooth ceilings, cedar shutters, wood-fenced backyard, and a walk-in attic. Everything has been updated and move-in ready.
Completely renovated spacious home with amazing upgrades. New carpet installed in sunroom, stairs and upstairs loft area March 2025 Inground pool resurfaced and painted with new tile June 2025. New Pool filter 2024. Renovated primary bath with walk in shower and jacuzzi tub, lvp flooring in all bedrooms. Hvac 2023 Covered patio. This is a must see. Call for your private showing. Lower
You desire a property well kept and in a very quite and settled neighborhood. Hardwood floors throughout the home and a nice backyard, with a storage shed detached.
We make Pre-Leasing easy! Apply now and, once you’re approved, take this home off the market by paying a Pre-Lease Hold Fee; ask your Leasing Professional for more information. Once the home is made ready, we'll notify you that it's available for touring and for you to accept or decline. If you decline the home, we'll be happy to help you find a different home or refund your Hold Fee. This home
Introducing this charming rehabbed 4-bedroom single family property with 2 upgraded baths. Fresh paint throughout, hardwood flooring, and a large backyard are just a few of the incredible amenities you will find! Step inside to the inviting foyer with stairs that lead to the second floor. Spend time in the large family room with brick fireplace and entertain your guests in the fully renovated
Welcome to 2506 Cardigan Dr, a charming 3-bedroom, 2-bath residence featuring 1,758 square feet of living area. You’re sure to appreciate this stylish floor plan that includes a roomy living room highlighted by a beautiful fireplace. The kitchen is well-appointed with ample countertops, white cabinets, a ceiling fan, and modern appliances. The primary bedroom boasts a walk-in closet and a private
Interested in learning more about homes in this area?
Reach out to
Kendra Bell,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,327
Median Age
41
Population Density
1 person/acre
Population under 18
24%
On par with the national average
23.8%
Population over 65
21.5%
On par with the national average
19.1%
Finances
Median Household Income
$91,626
Above the national average
$71,702
Average Household Income
$106,560
Education and Workforce
High School Graduates
98.2%
Above the national average
89.1%
College Graduates
38.6%
Advanced Degrees
17.9%
% Population in Labor Force
71.5%
Above the national average
65.1%
Weather
Annual Precipitation
55''
Average Winter Low Temperature
34°F
Average Summer High Temperature
92°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
32/ 100
Car-Dependent
Walk Score®
20/ 100
Minimal Transit
Transit Score®
20/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
