$165,677Average Value$104Average Price per Sq Ft87Homes For Sale
Raleigh is a suburban neighborhood just inside Memphis city limits
The Memphis neighborhood of Raleigh is located just outside Interstate 40. While technically within the city limits, its character is more like a suburb than a city. Ranch-style homes sit in wooded residential areas, and nearby shopping centers are on the main highways. Downtown Memphis is an easy commute, though there are some large employers in and around the neighborhood.
Brick ranch-style 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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Most homes are 20th-century ranch-style houses
Most of Raleigh’s homes are ranch-style builds from the mid- to late 20th century. Move-in-ready properties can sell between the low $100,000s and the mid-$200,000s. Fixer-uppers range from $50,000 to $100,000 and are popular with investors. The median sales price is roughly $170,000, which is significantly lower than some suburbs outside the city limits, like Bartlett, but higher than nearby neighborhoods like Frayser and Douglass.
Some areas of Raleigh feature newer homes.
The vast majority of houses in Raleigh are single-family homes.
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I-40 offers quick commutes downtown, and more employers are nearby
Raleigh has quick access to I-40, which leads toward Downtown Memphis. Residents often commute the 12 miles downtown for work, though there are a few employers nearby such as Nike and Amazon distribution centers. “It’s close to a lot of logistics jobs, and then it’s still within 10 minutes or so from downtown, if they’re working in the Medical District,” says Jordan Ray, a Realtor with eXp Realty and a lifelong Memphis resident. Raleigh is car-dependent, but Memphis Area Transit Authority bus lines run through the neighborhood, mainly along Austin Peay Highway and Frayser Raleigh Road.
Raleigh is located about 10-to-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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Shopping centers and fast food on the neighborhood's main roads
Most Raleigh businesses are on main roads like Austin Peay Highway and Sycamore View Road. There are plenty of fast-food spots, plus shopping centers and local favorites including Donut Man for breakfast. Groceries are available at Aldi or Save-A-Lot, and the Covington Springs Shopping Center, just outside Raleigh, has a Walmart and a Kroger.
There are a number of retail areas in Raleigh located along Austin Peay Highway.
Southern Hands Homestyle Cooking in Raleigh is a tasty lunch spot with hearty Southern cooking.
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Memphis-Shelby County Schools and highly rated charter options
Students can attend Memphis-Shelby County Schools. Several schools are located in the neighborhood, including Egypt Elementary School, Raleigh Egypt Middle School and Raleigh Egypt High School, all on the same campus. MSCS has an open enrollment program, and students can apply to attend any school in the district. Other options include charter schools such as the highly rated Memphis Rise Academy, which serves sixth through 12th grade.
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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Recreation at Pierotti Park, which is also home to a community center
Harry C. Pierotti Park is one of the neighborhood’s most popular spots for recreation. It has a playground, a basketball court and a community pool. It’s also home to the Raleigh Community Center, which has an indoor gym and event spaces as well as the Raleigh Tennis Center, which has summer camps and tournaments. There are also plenty of smaller parks:
Raleigh Springs Civic Center has trails around a lake and a skate park
John F. Kennedy Park has baseball fields and a disc golf course
Egypt Central Park has a small playground and walking path
The Wolf River Greenway also cuts through the neighborhood. The walking and biking trail is currently 14 miles long but will be 26 miles when fully completed.
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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Community orgs help keep the community strong
In recent years, Raleigh has been the focus of various redevelopment plans. Organizations like Memphis3.0 have sought input from residents, and projects like the Raleigh Town Center — currently home to the Civic Center and a branch of the Memphis Public Library — reflect their work. Other groups, like the Raleigh Community Council, help organize neighborhood events such as Christmas tree lightings and school supply drives.
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 57 days. The median sale price for homes in Raleigh, Memphis over the last 12 months is $164,365, up 2% 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
Perfect opportunity for a savvy buyer! Wonderfully located condo offered at a great price. This 3-bedroom, 2.5-bath home features a spacious and functional layout, including a breakfast bar, two separate den/living areas, and a cozy fireplace in the main living room. Enjoy outdoor living with a private, fenced patio, plus the convenience of covered parking for two vehicles. Additional highlights
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
RARE 5 BR property in Raleigh - Don't Miss It! Freshly renovated home features ALL NEW FLOORING - fresh INTERIOR and EXTERIOR PAINT - NEW HVAC System - NEW Windows and more! Seller providing a $2500 Appliance package (STOVE - DISHWASHER - GARBAGE DISPOSAL).
Turnkey opportunity at 3580 Ramill Rd—ideal for both investors and owner-occupants. This well-maintained home features a functional layout, solid major systems, and minimal deferred maintenance, making for a low-hassle purchase. Investors will appreciate the strong rental potential and consistent demand in the area, while homebuyers will love the move-in ready condition and comfortable living
Welcome home. This cozy 3 bed, 2 bath home is an awesome investment property The living room features high vaulted ceilings with a fireplace as the center piece, and has access to the covered patio. It features central heating and air, plus ceiling fans in each room, LVP flooring throughout, updated bathrooms, a pantry in the kitchen, a breakfast bar, and a nice sized shed in the fenced in back
Life feels easy at 2034 Olive Bark Dr. This inviting one level 3-bedroom, 2-bath home welcomes you with high ceilings and modern wood laminate floors in the great room and a natural flow from the kitchen to dining and living space. Peace of mind comes with newer major systems, including a 4-year-old HVAC and water heater. Spacious bedrooms offer comfort for everyone, while the primary suite
This inviting 3-bedroom, 1.5-bathroom residence offers comfortable living in a quiet, low-traffic neighborhood. Beautiful hardwood floors flow throughout the home, complementing the spacious living room, formal dining room, and eat-in kitchen. The kitchen and full bathroom have been refreshed with new LVT flooring, cabinets, and countertops for a modern, low-maintenance feel. Enjoy a newer roof
The Highlands is a 38 acre farm located in the city of Memphis, TN. This recreation property offers excellent deer and turkey hunting inside the Memphis city limits. The Highlands is currently being farmed. The farming rent provides income to future owner. If you're looking for a great recreation farm with income located in the city, this is it! It is located just north of the Wolf River,
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.
Tucked away in a quiet neighborhood, this charming brick home offers 3 bedrooms and 2 full baths with plenty of space to enjoy. The home features a single-car carport and a large backyard complete with an open patio and storage shed—perfect for relaxing or entertaining. Inside, you'll find a welcoming living room and dining room just off the entry. The spacious kitchen offers ample cabinet and
Covington Hills Apartments offers convenient amenities, such as a playground, off-street parking, and on-site management team. Choose the floorplan that fits your lifestyle and take a walkthrough video tour, or call our friendly leasing staff to schedule a tour of your new home. We look forward to seeing you at Covington Hills Apartments!
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.
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.
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
We invite you to join our community at Walden Pointe Apartments and discover a new level of comfort and convenience. Our beautiful floor plans and affordable pricing are waiting to convince you that your search for the ideal home ends with us.
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.
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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