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Balmoral Homes for Sale

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  • /24

    $270,000

    • 3 Beds
    • 2 Baths
    • 2,000+ Sq Ft

    5991 Southampton Dr, Memphis, TN 38119

    Completely renovated spacious home with amazing upgrades. New carpet installed in sunroom, stairs and upstairs loft area March 2025 Inground pool resurfaced and painted with new tile June 2025. New Pool filter 2024. Renovated primary bath with walk in shower and jacuzzi tub, lvp flooring in all bedrooms. Hvac 2023 Covered patio. This is a must see. Call for your private showing.

    Cynthia Edwards Grand Point Realty, LLC

    5991 Southampton Dr, Memphis, TN 38119
  • /9

    $285,000

    • 3 Beds
    • 2 Baths
    • 1,800+ Sq Ft

    6233 Quince Rd, Memphis, TN 38119

    You desire a property well kept and in a very quite and settled neighborhood. Hardwood floors throughout the home and a nice backyard, with a storage shed detached.

    LaTanya Moore Purple Reign Realty

    6233 Quince Rd, Memphis, TN 38119
  • /54

    $429,500

    • 11 Beds
    • 6 Baths
    • 6,204 Sq Ft

    2523 Syon Dr, Memphis, TN 38119

    Great opportunity to own the recently renovated residence showcases stunning new hardwood flooring across the first floor, freshly painted interiors, new roof shingles throughout and a spacious entryway adorned with marble flooring. The home includes eight rooms, featuring four full bathrooms-one of which is a newly added shower room-along with new toilets and two half-baths. With five generous

    Momoko Imai Berkshire Hathaway HomeServices Woodmont Realty

    2523 Syon Dr, Memphis, TN 38119
  • /20

    $279,000

    • 4 Beds
    • 2 Baths
    • 2,000+ Sq Ft

    2501 Tarbet Dr, Memphis, TN 38119

    Charming Fully Renovated 4 Bedroom, 2 Bath Home! Step into this beautifully rehabbed home featuring fresh interior and exterior paint, brand new hardwood floors, and stunningly updated kitchen and bathrooms. Enjoy a spacious layout with a large living room, separate sitting area, formal dining room, and an oversized eat in kitchen perfect for entertaining or everyday living. All four bedrooms are

    Crystal Mitchell Renshaw Company, REALTORS

    2501 Tarbet Dr, Memphis, TN 38119
  • /2

    $315,000

    • 5 Beds
    • 3 Baths
    • 2,000+ Sq Ft

    2372 Lovitt Dr, Memphis, TN 38119

    Granite kitchen countertops, 5 bdrms 3 baths. Living, Dining & Den w/ gas fireplace installed in 2020. Front porch, back patio, mud/laundry rm, 2 pantries, garage w/extra storage, fenced yard (replaced in 2019) w/ garden box area, workshop area, large storage room that is heated and cooled in attic. New furnace in 2024 and new HVAC in 2025. Washer (replaced in 2021) and dryer (replaced in 2020).

    Jonathan Minerick homecoin.com

    2372 Lovitt Dr, Memphis, TN 38119

Why Live in Balmoral

Directly outside I-240 in East Memphis, Balmoral resembles many 20th-century suburbs with its wide drives and calm atmosphere. Residents enjoy the neighborhood’s ease of access to commuting routes and suburban feel, but its affordability compared to other areas close by is the main draw. “It’s a lower price point than nearby neighborhoods like Kirby Woods,” says Max Rubenstein, a Realtor with Keller Williams and a lifelong Memphian. “As markets have changed and things have shifted, that’s probably more of an entry-level price point.” Quiet residential streets branch off Ridgeway Road and Quince Road, with gently curved drives often ending in cul-de-sacs. The neighborhood was mainly developed in the 1960s and 1970s, and most homes date from that era. Ranch-style and bi-level houses generally sell between $200,000 and $325,000. Some newer builds or renovated properties can sell between $400,000 and $500,000. Memphis-Shelby County Schools serve Balmoral, and kids can start at Balmoral-Ridgeway Elementary, which receives a C-plus grade from Niche. Ridgeway Middle and Ridgeway High each earn a C grade. Students can pursue the International Baccalaureate program through all three

Frequently Asked Questions

Is Balmoral a good place to live?
Balmoral is a good place to live. Balmoral is considered very car-dependent and somewhat bikeable with minimal transit options. Balmoral has 1 park for recreational activities. It has a median age of 41. The average household income is $106,560 which is above the national average. College graduates make up 38.6% of residents. A majority of residents in Balmoral are home owners, with 18.7% of residents renting and 81.3% of residents owning their home. A local real estate agent serving Balmoral can help you decide if this neighborhood is the right one for you. Learn more on our Balmoral neighborhood guide.
Is Balmoral, TN a safe neighborhood?
Balmoral, TN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Balmoral?
The median home price in Balmoral is $460,000. If you put a 20% down payment of $92,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,380 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Balmoral. The average household income in Balmoral is $107K.
What are the best public schools in Balmoral?
The best public schools that serve Balmoral are:
What are the best private schools in Balmoral?
The best private schools that serve Balmoral are:
  • Hutchison School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.7.
  • Lausanne Collegiate School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.6.
  • Memphis University School has an A+ Niche grade, a student teacher ratio of 7:1 and an average review score of 4.5.
What are the most popular zip codes in Balmoral, Memphis, TN?
The most popular zip codes in Balmoral, Memphis, TN include 38119, 38115, 38117, 38138 and 38120.
What are the most popular neighborhoods near Balmoral, Memphis, TN?
The most popular neighborhoods near Balmoral, Memphis, TN are Kirby Woods, Fox Meadows, Colonial Acres, Keswick Sulgrave and Hickory Hill.

Home Trends in Balmoral, TN

Housing Trends

Median Sale Price
$439,000
Median Single Family Sale Price
$253,995
Average Price Per Sq Ft
$243
Number of Homes for Sale
1
Last 12 months Home Sales
17
Months of Supply
0.70
Median List Price
$460,000
Median Change From 1st List Price
5%
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