$171,382Average Value$260Average Price per Sq Ft82Homes 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.
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.
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.
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.
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.
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.
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.
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.
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
Interested in learning more about homes in this area?
Reach out to
Walter Jones,
an experienced agent in this neighborhood.
Parks in this Area
Raleigh Bartlett Meadows Park
Grills
Picnic Area
Soccer
John F Kennedy Park
Central Park
Baseball/Softball
Trails
Parking Lot
Harry C Pierotti Park
Willingham Park
Bike Trails
Trails
Community Center
Transit
Airport
Memphis International
23 min drive
Bus
Shelby Oaks & Summer Trees
Bus
Yale Rd & Raleigh Millington Rd
Bus
Yale & Coleman
Bus
Shelby Oaks & Sycamore View
Bus
Stage & Creek View Dr
Bus
Coleman & Riche
Bus
Covington Pike & Pleasant View Rd
Raleigh Demographics and Home Trends
On average, homes in Raleigh, Memphis sell after 77 days on the market compared to the national average of 70 days. The median sale price for homes in Raleigh, Memphis over the last 12 months is $359,990, down 28% from the median home sale price over the previous 12 months.
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This move-in ready condo features 3 bedrooms and 2.5 bathrooms. The AC unit and water heater were recently replaced, and there's new hardwood flooring and paint in all bedrooms. Items to remain with home includes Refrigerator and Washer & Dryer. Don't miss this fully equipped home. Schedule your showing today!
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Well-maintained 3BR/2BA home with all bedrooms down! Features include a spacious great room, eat-in kitchen with island, LR/DR combo, central HVAC, and a laundry closet. Brick exterior with front-load garage, landscaped yard, porch, and patio. Includes wrought iron security doors and smoke detectors.
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Interested in learning more about homes in this area?
Reach out to
Walter Jones,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
32,361
Median Age
33
Population Density
3 ppl/acre
Population under 18
30.6%
Above the national average
23.8%
Population over 65
13%
Below the national average
19.1%
Finances
Median Household Income
$41,836
Significantly below the national average
$71,702
Average Household Income
$58,386
Education and Workforce
High School Graduates
87.4%
College Graduates
14%
Below the national average
34.1%
Advanced Degrees
4%
Below the national average
13.3%
% Population in Labor Force
67.2%
Weather
Annual Precipitation
55''
Average Winter Low Temperature
34°F
Average Summer High Temperature
92°F
Annual Snowfall
4''
Area Factors
Somewhat Bikeable
Bike Score®
29/ 100
Car-Dependent
Walk Score®
16/ 100
Minimal Transit
Transit Score®
24/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
