$171,365Average Value$106Average Price per Sq Ft66Homes For Sale
Burgeoning suburb in northeast Memphis
With active community centers, industrial development and new construction, Raleigh is a growing suburb. “This area has really experienced a lot of revitalization,” says Jeremy Veldman, an Affiliate Broker with Kaizen Realty who has been selling homes in the area for over 10 years. “A lot of anchors have popped up in the last few years. The Amazon warehouse and the Nike plant are bringing in jobs, which is strengthening the community.” Located in northeast Memphis, the community offers proximity to local employers and major thoroughfares such as I-40, which connects residents to Downtown Memphis and beyond.
Brick and Tudor homes can be found throughout Raleigh.
Raleigh is home to a number of bodies of water such as Epping Lake and the Wolf River.
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A mix of traditional homes and new construction
Residential streets are shaded by towering oak trees, behind which a collection of ranch-style, split-level and colonial revival homes sit. The neighborhood predominantly features single-family homes, with an average sales price of about $150,000. “These are established homes that are about 40 to 50 years old,” Veldman says. “Most of them have fenced-in backyards and two-car carports or attached garages.” Homebuyers can find three-bedroom ranch-style homes with brick exteriors and attached carports for about $125,000 to $210,000. In northeast Raleigh, small lakes such as Otter and Beaver Lake offer waterfront views and wooded lots with up to half an acre of land. New construction is also scattered throughout the neighborhood, with new traditional homes built in the early 2020s featuring open floorplans and quarter-acre lots, with prices starting at around $260,000.
Some areas of Raleigh feature newer homes.
The vast majority of homes in Raleigh are single-family 2-3 bedroom homes.
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Thoroughfares and public bus route connect to downtown
Raleigh is about 13 miles northeast of Downtown Memphis and sits just above Interstate 40, which connects Tennessee’s three largest cities – Memphis, Nashville and Knoxville. The neighborhood is also served by Route 11 of the Memphis Area Transit Authority Bus, which makes several stops along Austin Peay Highway before heading to local distribution centers and downtown. For longer trips, the Memphis International Airport is about 20 miles south.
Raleigh is located about 10-15 minutes from downtown Memphis off of I-40.
Memphis International Airport connects Raleigh travelers with major U.S. and global destinations.
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Big-box retailers and restaurants along Austin Peay Highway
The neighborhood’s commercial hub is centered around Austin Peay Highway. The thoroughfare is lined by regional fast-food chains such as Dixie Queen and Krystal. Local favorites include Donut Man, a bakery serving breakfast sandwiches, coffee and, of course, fresh donuts. For sit-down meals, Southern Hands is a homestyle restaurant known for its homemade cornbread and soul food, while Tokyo Grill serves Japanese hibachi, sushi and more. When it's time to run errands, locals can stop by big-box stores such as Aldi and Save A Lot.
There are a number of retail areas in Raleigh located along Austin Peay Hwy.
Southern Hands Homestyle Cooking in Raleigh is a tasty lunch spot with hearty southern cooking.
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Public parks and community spaces in Raleigh
There are several green spaces scattered throughout Raleigh, including Harry C Pierotti Park, which has a tennis center with eight outdoor courts, a basketball court and a playground for kids to explore. The park is also home to the Raleigh Community Center, which features an outdoor pool, computer lab and a range of programs for all ages. Along Austin Peay Highway, the Raleigh Springs Civic Center includes a pond with a paved walking trail, a concrete skate park and the Raleigh Library. Residents can also venture further south towards the Wolf River and bike along the Wolf River Greenway, or go fishing at Epping Lake, which has a steady supply of bass.
There's almost always a game taking place on the basketball court at Pierotti Park in Raleigh.
Raleigh Springs Civic Center was built on the site of the old Raleigh Springs Mall in 2017.
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Public and charter schools in Shelby County
Children in the area attend the Shelby County School District, which has an average student-teacher ratio of 16-to-1. Younger kids in grades K-5 may begin their education at Egypt Elementary School, which earned a C from Niche, before moving on to Raleigh-Egypt Middle School, which earned a grade of C-minus. Teens attend Raleigh-Egypt High School, which also earned a C-minus and offers both Advanced Placement and dual enrollment courses. The county follows a General Choice Transfer process, meaning that students can apply to attend other public schools outside of their assigned pathway. The neighborhood contains several options, including public charter schools such as Star Academy, which serves grades K-7.
Egypt Elementary School is a part of Memphis Shelby County Schools.
Raleigh-Egypt Middle School is a public Middle School in Memphis, TN.
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Festivities with the Raleigh Community Center
In addition to cooking classes, fitness programs and educational courses, the Raleigh Community Center sponsors several annual events. Popular festivities include the Block Party for Peace, a three-day festival featuring family-friendly activities, food, health screenings, a career fair and more.
The Raleigh Community Center is home to a full-sized gym, game room, kitchen, and more.
Pierotti Park is home to Raleigh Community Center.
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Industrial development and proximity to major employers
While residents in Raleigh enjoy suburban living, the neighborhood is bordered to the west by several industrial developments along New Allen Road. Some of the area’s biggest employers include distribution centers for Nike and Amazon. Residents are also about 3 miles south of Methodist North Hospital, which includes a 24-hour emergency room.
Warehouses like Amazon and Nike are some of the region's biggest employers.
Methodist North Hospital in Memphis provides emergency and specialty care services.
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 Raleigh neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Raleigh
US
Homicide
6
4
Sexual Assault
6
4
Assault with Weapon
7
4
Robbery
7
4
Burglary
5
4
Motor Vehicle Theft
5
4
Larceny
6
4
Crime Score
8
4
Source: WhatIsMyCrimeRisk.com
Raleigh Demographics and Home Trends
On average, homes in Raleigh, Memphis sell after 47 days on the market compared to the national average of 53 days. The median sale price for homes in Raleigh, Memphis over the last 12 months is $165,000, up 6% from the median home sale price over the previous 12 months.
Escape to Peace and Tranquility on this Stunning Lakefront Property, where an 3376 Sqft., Open Floor Plan seamlessly blends Indoor and Outdoor living. Imagine walking out to a Breath-Taking Lakeview, while sipping on a warm coffee; or just simply Relaxing on a Natural Canvas on almost an Acre of land. This Spacious home has 5 Bedrooms/ 3 Full Baths plus 1 Special Bonus Room with a Commercial
Rare Find! Spacious .93-acre lot with exceptional attached and detached covered parking, conveniently located just minutes from multiple interstate access points. This charming home features 3 bedrooms, 1.5 baths, a separate living room, and flexible dining/multi-purpose spaces. Enjoy hardwood and laminate flooring (no carpet), ample storage, and a layout perfect for entertaining both indoors and
This 3-bedroom, 1.5-bath home features a functional layout with comfortable living space throughout. The property offers a spacious living area, generously sized bedrooms, and a convenient half bath for guests. With solid bones and room for updates, this home presents a great opportunity to add value and make it your own. Conveniently located near schools, shopping, and major roadways for easy
TENANT OCCUPIED, DO NOT DISTURB TENANT. Drive by ONLY! Property is rented for $1,465/month & the lease expires 6/30/2026. Cash tenant. Copy of the lease available upon request. No showings without an accepted contract. Make offers contingent on inspection. Being sold as a package along with 3432 Radford 38111, 5090 Belfast 38127, 686 Delta 38109, 782 Frayser 38127, 4401 Guildhall 38128, & 3651 N
MHA RENT $1650-$1750 per month- Great Investment!- Brand new 4BR 2Bath with Carport- Maintenance free siding- LVT floors- Full 1 Year Builder Warranty. House currently under construction, to be completed in 90 days. Photos are of finished home- same building and floor plan. Photos to be updated upon completion. Accepting early preconstruction offers. No Wholesalers or owner financed offers.
Great Occupied investment Opportunity! This property is currently occupied by a tenant who is paying $975 per month and is on a lease from 4/01/2025 until 03/31/2026. This property was newly renovated in 2019 and a new furnace and central A/C were installed at that time. There is professional property management in place with Reedy and Company. No wholesale or creative financing offers. No
Completely remodeled with new kitchen, quartz countertops, SS, new baths, painted exterior brick, refinished Hardwood flooring, new laminate in kitchen, new tile, new lighting, updated two HVAC systems, several new windows, new water heater, new landscaping, new doors, Beautiful home! ***Pictures coming 11/5/25***
PRICE REDUCED OWNER MOTIVATED! GREAT LOCATION, GREAT HOME AND WELL MAINTAINED. (APPROX.) 5 MIN. FROM INTERSTATE I 40 AND APPROX. 5 MIN FROM THE NEW POLICE PRECINCT ON AUSTIN PEAY. BEAUTIFUL 3 BR., SEP. DEN WITH FIREPLACE, SEP. LIV. ROOM & DIN. ROOM, LARGE EAT-IN KIT., 2 & 1/2 BA., 1/2 BA. OFF KIT. AND LAUNDRY ROOM FOR YOUR QUEST. LARGE 2 CAR GARAGE, APPROX. 20X12 STORAGE BUILDING IN BACK YARD AND
Renovation and Value add Opportunity. This 38128 multi-family consists of 21 town home style units. Each unit is 2 bedrooms and 1 1/2 bath with Central Heat and Air set-up (no condensers), Stackable washer / dryer closets and connections, and water shut-off valve in each unit. Owner pays water, trash, and outside lights. 5 units are fully gutted. Property Being Sold As Is. ARV in 2024 of 1.16m.
Spacious four bedroom, three full bath home offering a modern chef-inspired kitchen with a large Thermador range, a French door LG refrigerator, and a rustic-meets-modern barn style sink area. The heart of the home is a massive island perfect for dining or bar seating. The main area features three bedrooms and two fully renovated bathrooms, plus a master suite with an oversized walk-in closet.
Investors only! Wonderful opportunity to buy this 3 bedroom 2.5 bathroom home in Raleigh area. Home has a nice floor plan with large den, plus primary bedroom & private bathroom downstairs and 2 large bedrooms upstairs. ONLINE VIDEO AVAILABLE UPON REQUEST. Cash or hard money offers only. No wholesalers, no assignments, no blind offers. Please do all inspections up front. This property is being
INVESTORS ONLY! MULTIPLE PROPERTY PORTFOLIO Seller prefers bulk offers but will look at individual offers. Tenant occupied property available for sale. Professionally managed by Foundation Property Management. Lease and ledger available upon request. Currently rented for $925/month on a month-to-month basis. No creative or owner financed offers. No wholesalers or assignments. Do not disturb or
Madison Midtown Apartments offers many amenities for our residents to take advantage of. Stay active at our state-of-the-art fitness center, take a dip in our resort-style swimming pool, or relax in our resident lounge. For your convenience, we also offer parcel pick-up, bike storage, off-street parking, an outdoor grilling area, and on-site management and maintenance teams.
This pet-friendly home features modern finishes and a functional layout with ample kitchen storage, spacious living areas, and abundant natural light throughout. The private yard offers space suitable for gardening or outdoor relaxation. Conveniently located near schools, parks, dining, and local amenities. Technology-enabled maintenance services provide added convenience, and self-touring is
The location of this community is in Memphis on Westline Drive in the 38128 area, central to many resturants, shopping, and two spacious parks to wander. It's time to love where you live.
Renovated brick home located in a quiet neighborhood! This property features a brand-new kitchen with new cabinets and appliances, along with fully updated bathrooms. Enjoy fresh interior and exterior paint and durable vinyl flooring throughout. The spacious layout offers separate living and dining rooms and a cozy breakfast area. Step outside to a fully wood fenced backyard, perfect for privacy
Edgewater is a beautiful community nestled upon 60 acres of lush landscape and lakes and trees. Edgewater has preserved the natural and the quiet serenity while being located by nearby shopping, schools and businesses. Enjoy a bike ride or a stroll through lushly landscaped grounds. Edgewater is just 3 minutes to I-40 near I-240 to ensure your route to anywhere in the city is quick and easy.
This pet-friendly home features modern finishes and a functional layout with ample kitchen storage, spacious living areas, and abundant natural light throughout. The private yard offers space suitable for gardening or outdoor relaxation. Conveniently located near schools, parks, dining, and local amenities. Technology-enabled maintenance services provide added convenience, and self-touring is
Discover your new home at Huntington Hills in Memphis, TN. You'll find this community at 2872 Coach Dr. in Memphis. Select from 2 to 3 bedroom apartments and then schedule a visit to see them in person. From amenities to floor plan options, the leasing team is ready to help you find your new home. Give us a call now to check the current floor plan availability.
Welcome to your dream home! Step inside this pet-friendly home featuring modern finishings and a layout designed with functionality in mind. Enjoy the storage space found in the kitchen and closets as well as the spacious living areas and natural light throughout. Enjoy outdoor living in your yard, perfect for gathering, relaxing, or gardening! Take advantage of the incredible location, nestled
We offer inviting two bedroom apartments, along with many convenient amenities, including a sparkling swimming pool, playground, fitness center, on-site patrol services, as well as on-site management and maintenance teams!The Abington Apartments is located with easy access to Raleigh Springs Civic Center, Burlington, Marshalls, The Home Depot, CVS, Lennys Grill & Subs, Exlines' Best Pizza
Spacious 3-Bedroom Home for Rent in Memphis Welcome to your new home! This charming 3-bedroom, 2-bathroom house in Memphis offers comfort, style, and convenienceperfect for families looking for a place to settle in. Inside, youll find beautiful hardwood flooring throughout and an updated kitchen with modern finishes, making cooking and family meals a breeze. The open layout provides plenty of
Very nice fenced property. This property has 3 bedrooms 2 full bathrooms, laundry area, walk in closets. It has neighborhood shopping areas and neighborhood schools. You will love this property. Section 8 is WELCOME.
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