$172,251Average Value$106Average Price per Sq Ft74Homes 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 49 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 $169,000, up 9% from the median home sale price over the previous 12 months.
Welcome to Springhill Raleigh. Three full luxury tiled bathrooms, and granite countertop eat-in kitchen. Two Primary bedrooms, one downstairs and 4 bedrooms upstairs. Luxury Hardwood Vinyl 22mil premium floors, separate den and dining room. Fenced yard for privacy and pets. Quiet cove like street just minutes from major road access, schools and all major shopping. Why rent when you can buy? This
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
Welcome to this beautifully updated and fully renovated home tucked away in a quiet corner of Raleigh, TN (38128). This property offers true peace of mind with major systems replaced throughout. Recent improvements include a new HVAC, new roof, new plumbing, new water heater, and updated electrical. Move-in ready and low-maintenance, this home provides a fresh start without the typical headaches.
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.
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
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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.
