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Downtown Memphis

Downtown Memphis

$253,841 Average Value
$185 Average Price per Sq Ft
36 Homes For Sale
Beale Street in Downtown Memphis is one of Memphis' most popular tourist attractions.
Beale Street in Downtown Memphis is one of Memphis' most popular tourist attractions.

Downtown Memphis offers rich culture and modern amenities on the river

Downtown Memphis is the beating heart of the city that invented soul and rock’n’roll. Residents love being right in the middle of Memphis ’ rich musical history and its modern amenities, with the Mississippi waterfront just blocks away. Downtown has everything from restaurants and sports arenas to museums and theaters, not to mention landmarks like the famous Beale Street. It’s also the city’s economic center, home to several big companies and right next to the Medical District.

Memphis is known as the home of the blues, and B.B. King's on Beale carries on that tradition.
Memphis is known as the home of the blues, and B.B. King's on Beale carries on that tradition.

Beale Street has bars, clubs and music venues

One of the most famous spots in the South, Beale Street runs from the Mississippi River through the heart of Downtown Memphis. In its heyday, legends like B.B. King and Muddy Waters performed at clubs on the strip. Today, lively bars and venues are clustered on Beale between 2nd and 4th streets, and its legal to drink alcohol in the area. Beale Street is a tourist hotspot, but even locals sometimes head down for live music or festivals. Favorites include:

  • B.B. King’s Blues Club, a staple for music and Southern food
  • Blues City Cafe, which has a live blues band and barbecue
  • Silky O’Sullivan’s, an Irish pub with dueling pianos
  • The New Daisy Theater, a venue that opened in 1937
The district also hosts annual events like the city’s New Year’s Eve celebration and the Mid-South Pride Fest.

Mostly condos and apartments in Downtown Memphis

“Downtown is mostly condos. There’s not a lot of housing,” says Leigh Martin, a Realtor with Hobson and a lifelong Memphian. Renting in the neighborhood is more common than buying, but there are plenty of units for sale, too. Most go between $50,000 and the mid-$300,000s, though the top of the market approaches seven figures in some upscale buildings.

Most housing options in Downtown Memphis consist of condos such as Claridge House.
Most housing options in Downtown Memphis consist of condos such as Claridge House.
The D.T. Porter building is a historic building in Downtown Memphis made up of condos.
The D.T. Porter building is a historic building in Downtown Memphis made up of condos.
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The Majestic Grille is an upscale restaurant in Downtown Memphis.
The Majestic Grille is an upscale restaurant in Downtown Memphis.

There are restaurants, shops and markets throughout Downtown

Beyond Beale Street, there are plenty of restaurants throughout the rest of Downtown, too. The legendary Charlie Vergos’ Rendezvous has been around forever in its back-alley hideaway, serving true-blue Memphis barbecue. Huey’s is a local chain known for its burgers and live music. There are also more upscale options like Flight Restaurant and Wine Bar. Folks can shop for groceries at City Market, which also has a coffee counter. Other specialty retail spots are along Main Street. More shopping options, like Home Depot or Kroger, are a bit farther away in Midtown Memphis.

Small urban parks, plus access to parks on the Mississippi River

Most of the green spaces in Downtown Memphis are smaller pocket parks. Some of them, like I Am A Man Plaza, pay tribute to the city’s history. Named after W.C. Handy, the “Father of the Blues,” Handy Park features live music and events throughout the year. Court Square Park has a fountain and public art installations. But there’s more recreation by the water, including several parks that are managed by the Memphis River Parks system. Fourth Bluff Park and the River Garden have walking paths that connect to the larger Tom Lee Park in South Main. The park has a playground, a covered basketball court and sculptures, right next to the Mississippi.

Robert Church Park is named in honor of the Black community leader and entrepreneur.
Robert Church Park is named in honor of the Black community leader and entrepreneur.
River Park lies on the banks of the mighty Mississippi River.
River Park lies on the banks of the mighty Mississippi River.
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Downtown is home to sports teams and cultural attractions

One block off Beale, FedExForum is home to the NBA’s Memphis Grizzlies as well as University of Memphis basketball. The Memphis Redbirds, the Triple-A affiliate of MLB’s St. Louis Cardinals, play Downtown at AutoZone Park. There are also plenty of cultural draws. “The Orpheum is downtown, so we get all the traveling Broadway shows,” Martin says.

The Memphis Art Museum is also moving downtown from Overton Park in 2026. “It’s in the center of Downtown overlooking the Mississippi, and it’s huge,” Martin says. Despite all this activity drawing in visitors, residents generally don’t have to worry about parking. Most condos include parking spots or at least have them available for rent.

The Orpheum Theater is listed on the National Register of Historic Places.
The Orpheum Theater is listed on the National Register of Historic Places.
The FedEx Forum is located in Downtown Memphis just off Beale Street.
The FedEx Forum is located in Downtown Memphis just off Beale Street.
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Residents can use MATA to commute to nearby employers

Downtown is the hub for Memphis’ employers, so you don’t have to go far to go to work. St. Jude Children’s Research Hospital is just across the highway, while the headquarters of FedEx Logistics is right across the street from FedEx Forum. MATA bus lines branch out from the city center, and the famous Main Street Trolley runs the length of the neighborhood. There’s also easy access to Interstate 40 for drivers at the north end of Downtown. Memphis Central Station, which is on the Amtrak route between Chicago and New Orleans, is in South Main.

The Hernando de Soto Bridge connects Downtown Memphis with Arkansas.
The Hernando de Soto Bridge connects Downtown Memphis with Arkansas.
Ride the rail on a trolley, which first appeared in Memphis in 1895.
Ride the rail on a trolley, which first appeared in Memphis in 1895.
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A few Memphis-Shelby County schools are in the neighborhood

The Memphis-Shelby County Schools system covers the area, and there are a few schools in the neighborhood, including Downtown Elementary School. The district has a school choice program, where students can apply to any of the system’s schools. There are also public charter schools nearby, like the Memphis Grizzlies Preparatory Charter School.

Downtown Elementary School has a focus on social studies.
Downtown Elementary School has a focus on social studies.
Booker T. Washington High School in South City is steeped in history, dating back to 1926.
Booker T. Washington High School in South City is steeped in history, dating back to 1926.
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Brendan Doyle
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Brendan Doyle
Mary Drost
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Agents Specializing in this Area

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Schools

Source:
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

Parks in this Area

Transit

Airport

Memphis International

15 min drive

Bus

Vance & Fourth

Bus

Fourth & Crump

Bus

Third & Court

Bus

Union & Fourth

Bus

Beale-Main & Tro Nb

Bus

Civic Ctr-Main & Tro Sb

Bus

Third & Vance

Reviews

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Crime and Safety

1 - Low Crime, 10 - High Crime Downtown Memphis US
Homicide 9 4
Sexual Assault 10 4
Assault with Weapon 10 4
Robbery 10 4
Burglary 9 4
Motor Vehicle Theft 9 4
Larceny 9 4
Crime Score 9 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
591
Number of Homes for Sale
36
Median Year Built
1927
Months of Supply
12.70
Average Single Family Home Size Sq Ft
1,165
Significantly below the national average
1,931
Average Townhouse Size Sq Ft
3,125
Average 2 Bedroom Size Sq Ft
1,390
Average 1 Bedroom Size Sq Ft
952
Average Studio Size Sq Ft
740
Median Lot Size Sq Ft
871

Open Houses

  • Sunday, Mar 29
    2 - 4pm

    2619 Vineyard Way Unit 209, Memphis, IN 47173

    $439,900

    • 4 Beds
    • 3 Baths
    • 2,452 Sq Ft
    • 2619 Vineyard Way
    • Unit 209

    4 Bedrooms, 3 FULL Baths with a finished, rear WALKOUT lower level on a premium lot in FAIRVIEW FARM! Hard to find a brand new home with a WALKOUT on a lot with a wooded backdrop for under $450,000! Located just off Perry Crossing and Columbus Mann, Fairview Farm sits close to the Sellersburg/Memphis line with easy access to Sellersburg, I-65, schools, and only 5 minutes to Covered Bridge Golf

    Jesse Niehaus Schuler Bauer Real Estate Services ERA Powered (N

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  • Sunday, Mar 29
    2 - 4pm

    2600 Vineyard Way Unit 223, Memphis, IN 47173

    $449,900

    • 4 Beds
    • 3 Baths
    • 2,452 Sq Ft
    • 2600 Vineyard Way
    • Unit 223

    4 Bedrooms, 3 FULL Baths, FINISHED basement, and 3 car garage in FAIRVIEW FARM! Sitting on a spacious corner lot, this thoughtfully designed home features a spacious open floor plan, split bedrooms, and a first-floor master suite, all wrapped in warm finishes and timeless Craftsman character. The main living area includes an electric fireplace with built-in cabinets on each side open to the

    Jesse Niehaus Schuler Bauer Real Estate Services ERA Powered (N

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
7,214
Median Age
38
Population Density
12 ppl/acre
Population under 18
13.3%
Below the national average
23.8%
Population over 65
10.2%
Below the national average
19.1%

Finances

Median Household Income
$57,078
Significantly below the national average
$79,601
Average Household Income
$78,152

Education and Workforce

High School Graduates
86.1%
College Graduates
38.9%
On par with the national average
34.1%
Advanced Degrees
15.6%
% Population in Labor Force
45.8%
Below the national average
64.9%

Weather

Annual Precipitation
55''
Average Winter Low Temperature
34°F
Average Summer High Temperature
92°F
Annual Snowfall
4''

Area Factors

Fairly friendly

Bike Score®

50 / 100

Very friendly

Walk Score®

80 / 100

Fairly friendly

Transit Score®

50 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

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.
NEIGHBORHOOD
Downtown Memphis
John Stamps
Homesmart Stamps Real Estate
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