Hollywood is a North Memphis neighborhood next to I-40
Hollywood is a residential neighborhood in North Memphis, just south of the Wolf River and Interstate 40. First developed in the early 20th century, the neighborhood now features homes with a median sale price well below the Memphis median. Hollywood locals often share deep roots, and many homes are passed down from generation to generation. A park and a community center serve as the heart of the neighborhood, and Downtown Memphis is less than 10 miles away.
The Wolf River winds through north Hollywood.
Most homes in Hollywood are modest.
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A median home sale price well below the city median
Most homes in Hollywood date back to the early or mid-1900s. “It’s older homes. There’s nothing new there,” says Frances Anderson, a Realtor and vice president with Crye-Leike Real Estate Services who has worked in Memphis for 25 years. Cottages, bungalows and duplexes are common, most selling for $25,000 to $175,000. The median sale price is roughly $50,000, around $150,000 below the city median, making the neighborhood one of the most affordable in Memphis. Anderson also says many homes in the neighborhood are generational, getting passed down rather than sold.
The Wolf River is an important local waterway that runs through Hollywood.
Many of Hollywood's residents have called the neighborhood home for decades.
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Hollywood Park and Community Center in the heart of the neighborhood
Hollywood Park is the heart of the neighborhood. In addition to its playground and splash pad, the park is also home to the Hollywood Community Center, a neighborhood hub featuring:
An indoor gym and basketball court
Fitness classes like line dancing and zumba
Senior activities like board games and crafting
After-school programs
A branch of Memphis Public Libraries is right next door to the community center, and a portion of the Wolf River Greenway runs through Hollywood as well. Its paved trail follows the river, and there's a trailhead and parking in the neighborhood.
The Hollywood Community Center is a popular gathering space for the neighborhood.
Hollywood is close to a number of parks, including Gooch Park.
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Convenient commutes to Downtown Memphis via I-40
From Hollywood, you can easily hop on Interstate 40 to make the 8-mile drive to the city center. Fortunately, the highway isn’t so close that it disrupts daily life. “You have to drive down to go to the interstate,” Anderson says. “It’s not right by it.” The MATA bus system also has routes through the area. While most people work in Downtown Memphis or Midtown Memphis, there are some manufacturing and industrial employers a bit closer as well.
Hollywood is bordered on the north and west by I-40.
Hollywood is located close to downtown Memphis.
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Memphis-Shelby County schools and tuition-free charter schools
Hollywood is in the Memphis-Shelby County Schools district. The school system has an open enrollment policy, which allows students to apply to any school in the district. There are also public tuition-free charter schools across the city, including nearby KIPP Memphis Collegiate High School, which has dedicated STEM labs and science-focused extracurriculars.
Douglass K-8 School provides an elementary and middle school education to its Memphis students.
Douglass High School is operated by Memphis-Shelby County Schools.
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Restaurants and small markets on Chelsea Avenue
Most neighborhood restaurants are along Chelsea Avenue. 2 Star Jr. is a classic drive-in serving wings and burgers with picnic tables out front. Edna’s Diner is just down the street, serving breakfast and lunch from an unassuming shack. And just across Chelsea Avenue, Hollywood Fish Market is known for its fried catfish and cornbread. There are also fast-food spots like Church’s Texas Chicken. Small markets like Toarmina Grocery and gas station convenience stores make up pretty much all the shopping in Hollywood. The nearest supermarket is Kroger, about 3 miles away.
Hollywood residents do most of their grocery shopping in markets like Nite-N-Day Food Mart.
Chelsea Avenue is Hollywood's commercial corridor.
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
Are you familiar with the Hollywood neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Hollywood
US
Homicide
6
4
Sexual Assault
9
4
Assault with Weapon
9
4
Robbery
10
4
Burglary
4
4
Motor Vehicle Theft
5
4
Larceny
6
4
Crime Score
10
4
Source: WhatIsMyCrimeRisk.com
Hollywood Demographics and Home Trends
On average, homes in Hollywood, Memphis sell after 43 days on the market compared to the national average of 57 days. The median sale price for homes in Hollywood, Memphis over the last 12 months is $53,204, up 12% from the median home sale price over the previous 12 months.
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Turnkey move-in ready duplex for sale in 38108! Each side has 2 bed/1 bath units and can be rented as high as $750/month creating an opportunity for $1,500/month in gross rental income which exceeds the 1% rule! Great opportunity for building your portfolio with massive cashflow or a house-hack for those starter investors looking to offset their mortgage payment using VA or FHA with little to
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Charming 2 bedroom 1 bath duplex - Open To Section 8
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