River Oaks is one of the more desirable neighborhoods in Memphis. It’s just outside Interstate 240, so the area offers more space than places closer to Downtown Memphis. Shops and restaurants are super convenient on Poplar Avenue, and families like that top-rated public and private schools are nearby. But the upscale homes, including some above the seven-figure mark, are the neighborhood’s biggest draw.
River Oaks is home to some of the largest and most expensive houses in Memphis. “It’s higher in price than a lot of the other areas in town,” says Steve Boysen, a broker with Crye-Leike who has worked in the Memphis region for 40 years. “They’re well-built, spacious. All the bells and whistles and upgrades.” The median sale price is $490,000, much higher than in other nearby neighborhoods like East Memphis. Scattered ranch and colonial-style homes on the edges of the neighborhood sell from $300,000 to $500,000, while larger spots can go between $500,000 and $900,000. Tudor and French Country-style estates sell for as high as $1 million to $5 million. Condos and townhomes sell from $100,000 to $400,000 based on size.
HOAs cover many of the different subdivisions throughout the neighborhood. Some are mandatory, including the condos and gated communities. Those can cost up to a couple of hundred dollars per month. But even the voluntary organizations are popular among residents.
River Oaks is in the Memphis-Shelby County Schools district and is zoned to top-rated schools, such as White Station High School. Students can also apply to attend any school in the district, including several with magnet programs. But private options are also popular. “It's near some of the more sought-after private schools that people want their children to go to,” Boysen says. Nearby top-rated private schools include:
People go to Poplar Avenue on the neighborhood’s edge to shop or grab a bite to eat. Several of the area’s higher-end shopping centers are nearby. The Regalia Center is home to Oak Hall, a longstanding designer clothes store, and the Bog & Barley Irish Pub, which imported everything from its bar to its silverware straight from Ireland. And the Ridgeway Trace shopping center is home to Target and REI. There’s also a Kroger off Poplar for groceries.
Commutes are convenient because Interstate 240 runs along the edge of the neighborhood. Downtown Memphis sits about 17 miles from River Oaks, and the drive during rush hour can take somewhere between 20 and 30 minutes most mornings. But not everyone heads downtown. Baptist Memorial Hospital is in the neighborhood and is a major employer, and other offices are 12 miles away near the airport. Memphis is known as a bike-friendly city, and streets like Shady Grove Road have dedicated bike lanes.
There aren’t a ton of public parks in the neighborhood. But you don’t have to go far, because Shelby Farms Park sits right across the street. It’s one of the biggest urban parks in the country and has tons of things to do. You can head to one of several playgrounds, bike on the trails along the Wolf River, go fishing on its lakes or even check out the park’s herd of buffalo. “They’ve done a fabulous job renovating it, and adding some trails and lakes,” Boysen says. There’s also an exclusive social club in the neighborhood. The Memphis Hunt & Polo Club has tennis and pickleball courts, a pool and plenty of member events.
Reginald Harris
Harris Realty Services
(901) 390-9168
40 Total Sales
1 in River Oaks
$1,150,000 Price
Thomas Henze
Hobson, REALTORS
(901) 519-3199
42 Total Sales
1 in River Oaks
$425,000 Price
Corey Steinberg
River City Land Co., LLC
(901) 295-6013
19 Total Sales
2 in River Oaks
$73K - $315K Price Range
Scott Carrier
Keller Williams
(901) 979-1956
141 Total Sales
2 in River Oaks
$77K - $430K Price Range
Hank Hogue
Crye-Leike, Inc., REALTORS
(901) 437-5201
69 Total Sales
1 in River Oaks
$364,000 Price
C. Lauren Jones
Crye-Leike, Inc., REALTORS
(901) 881-4903
87 Total Sales
1 in River Oaks
$405,000 Price
On average, homes in River Oaks, Memphis sell after 82 days on the market compared to the national average of 55 days. The median sale price for homes in River Oaks, Memphis over the last 12 months is $534,000, up 20% from the median home sale price over the previous 12 months.
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Median List Price
$549,000
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Median Sale Price
$534,000
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Median Single Family Sale Price
$646,200
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Median Townhouse Sale Price
$324,000
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Median 2 Bedroom Sale Price
$119,000
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Median Change From 1st List Price
5%
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Last 12 months Home Sales
158
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Median Home Sale Price YoY Change
20%
|
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Average Price Per Sq Ft
$172
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|
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Number of Homes
2,170
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Number of Homes for Sale
39
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Median Year Built
1979
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Months of Supply
3.00
|
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Average Single Family Home Size Sq Ft
4,120
Significantly above the national average
1,935
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Average Townhouse Size Sq Ft
3,292
|
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Average 2 Bedroom Size Sq Ft
1,216
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Average 1 Bedroom Size Sq Ft
682
|
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Median Lot Size Sq Ft
17,424
|
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$1,199 - $1,499 per month
$948 - $1,563 per month
$1,255 - $3,698 per month
$1,822 per month
$1,756 per month
$1,145 per month
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Number of Homes for Rent
17
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Median Rent
$1,250
|
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Median Single Family Home Rent
$2,850
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Median 4 Bedroom Single Family Home Rent
$3,400
|
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Median Townhouse Rent
$1,300
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Median 2 Bedroom Townhouse Rent
$1,350
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Median Condo Rent
$1,222
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Median 2 Bedroom Condo Rent
$1,222
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Total Population
6,334
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Median Age
47
|
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Population Density
1 person/acre
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Population under 18
19%
On par with the national average
23.8%
|
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Population over 65
30%
Above the national average
19.1%
|
|
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Median Household Income
$112,576
Significantly above the national average
$79,597
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Average Household Income
$151,298
|
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High School Graduates
98%
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College Graduates
71.1%
Significantly above the national average
34.1%
|
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Advanced Degrees
38.1%
Above the national average
13.3%
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% Population in Labor Force
69.6%
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Annual Precipitation
56''
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Average Winter Low Temperature
34°F
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Average Summer High Temperature
92°F
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Annual Snowfall
3''
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Bikeability
Walkability
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.
Suburban East Memphis neighborhood with access to Shelby Farms and Poplar Avenue
Neighborhood between Memphis and Germantown, with a mix of housing and amenities
Comfortable suburban neighborhood with great schools and proximity to Memphis
Quiet East Memphis suburb near I-240 and commercial corridors
Germantown suburb of classic renovated homes near Shelby Farms Park
Established, leafy East Memphis neighborhood with access to Poplar Ave amenities
