The High Point Terrace neighborhood in Memphis was built in the middle of the 20th century. Today, it’s on the National Register of Historic Places thanks to its post-World War II architecture. But homebuyers also love its highly rated schools, its strip of local businesses and its neighborly feel. That’s why High Point Terrace is on the shortlist for many young families looking to buy their first home.
Home prices are higher than in other nearby neighborhoods, but people still see High Point Terrace as an area for first-time homebuyers. “High Point has been a great neighborhood for decades,” says Fontaine Albritton, a Realtor with Crye-Leike and a lifelong Memphian. “It’s still popular because of its location and the price of the homes. You would think of it as being more starter homes, but they’re probably the most expensive starter homes around.” You’ll mostly find midcentury homes here. Traditional and ranch styles are most common, and smaller or more dated homes sell from $200,000 to $400,000. Larger, renovated houses go between $400,000 and the mid-$800,000s.
Schools are a draw for High Point Terrace, which is in the Memphis-Shelby County Schools district. Kids can go to either Grahamwood Elementary School or White Station Elementary School, each highly rated. Other nearby schools are top-rated, like White Station Middle School and White Station High School. Students can apply to any school in the district, including magnet programs. Top-rated private options are also close, including the Collegiate School of Memphis.
High Point Terrace doesn’t have a neighborhood park, but the Shelby Farms Greenline cuts through the area. The path runs 10 miles from Midtown Memphis out to Cordova. Albritton says that it’s a big plus for residents, who use the trail all the time for biking and jogging. The Greenline connects to Shelby Farms Park about 4 miles away, though it’s a little farther of a drive. Shelby Farms is one of the largest urban parks in the country and has trails, playgrounds, fishing lakes and even its own herd of buffalo.
“There are some shops in High Point that are super cute, like the old High Point Grocery,” Albritton says. People can do most of their shopping at the Grocery, which has a produce section and a butcher. Next door, you can check out local restaurants, including:
You can get to Downtown Memphis pretty easily from High Point Terrace. It’s a 6-mile drive, which usually takes 15 to 20 minutes. People also commute to the University of Memphis, which is a mile from the neighborhood. Memphis Area Transit Authority buses run along the outside of the neighborhood. Memphis is also reasonably bike-friendly, and lots of the streets around High Point Terrace have dedicated bike lanes.
People know High Point Terrace as a particularly community-oriented neighborhood. “You see people out walking with kids, and they have neighborhood activities,” Albritton says. “It’s just a really sweet neighborhood.” There’s been a 4th of July celebration every year since the 1950s. These days, it includes a parade, a fish fry and prizes for the best-decorated houses.
Amanda Lester
NextHome Cornerstone Realty
(901) 763-8976
38 Total Sales
1 in High Point Terrace
$215,000 Price
Charles Harris
Coldwell Banker Collins-Maury
(901) 450-5570
97 Total Sales
1 in High Point Terrace
$399,000 Price
Austin Hall
Evernest LLC
(901) 519-2656
60 Total Sales
1 in High Point Terrace
$299,000 Price
Saundra Whiteside
Lankford Realty Co.
(731) 260-9690
298 Total Sales
1 in High Point Terrace
$380,000 Price
Margie Oneal
REMAX Experts
(901) 441-9363
58 Total Sales
4 in High Point Terrace
$308K - $575K Price Range
Matthew Ford
The Carter Group LLC, REALTORS
(901) 437-5209
22 Total Sales
1 in High Point Terrace
$350,000 Price
On average, homes in High Point Terrace, Memphis sell after 51 days on the market compared to the national average of 55 days. The median sale price for homes in High Point Terrace, Memphis over the last 12 months is $319,500, down 1% from the median home sale price over the previous 12 months.
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Median List Price
$354,500
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Median Sale Price
$319,500
|
|
Median Single Family Sale Price
$344,900
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Median 2 Bedroom Sale Price
$266,987
|
|
Median Change From 1st List Price
4%
|
Last 12 months Home Sales
114
|
|
Median Home Sale Price YoY Change
-1%
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Average Price Per Sq Ft
$225
|
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Number of Homes
1,786
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Number of Homes for Sale
25
|
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Median Year Built
1948
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Months of Supply
2.60
|
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Average Single Family Home Size Sq Ft
1,799
Below the national average
1,935
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Average Townhouse Size Sq Ft
1,077
|
|
Average 2 Bedroom Size Sq Ft
1,573
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Median Lot Size Sq Ft
9,583
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$825 - $1,100 per month
$1,250 - $1,350 per month
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Number of Homes for Rent
10
|
Median Rent
$1,850
|
|
Median Single Family Home Rent
$1,850
|
Median 4 Bedroom Single Family Home Rent
$2,700
|
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Median Condo Rent
$2,528
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Median 1 Bedroom Condo Rent
$2,528
|
|
Total Population
3,856
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Median Age
37
|
|
Population under 18
24.2%
On par with the national average
23.8%
|
Population over 65
14.3%
On par with the national average
19.1%
|
|
Median Household Income
$106,353
Significantly above the national average
$79,597
|
Average Household Income
$133,742
|
|
High School Graduates
99.8%
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College Graduates
76%
Significantly above the national average
34.1%
|
|
Advanced Degrees
34.2%
Above the national average
13.3%
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% Population in Labor Force
70%
|
|
Annual Precipitation
56''
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Average Winter Low Temperature
34°F
|
|
Average Summer High Temperature
92°F
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Annual Snowfall
3''
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Bikeability
Walkability
Transit
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.
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