$209,900
$35K PRICE DROP
- 4 Beds
- 2 Baths
- 1,896 Sq Ft
5809 Lynnfield Cove, Memphis, TN 38119
Blake Clothier
REI Nation Real Estate Service
Frequently Asked Questions
Is Balmoral a good place to live?
Balmoral is a good place to live. Balmoral is considered somewhat walkable and somewhat bikeable. Balmoral has 1 park for recreational activities.It is sparse in population with 1.0 people per acre and a median age of 41. The average household income is $106,560 which is below the national average. College graduates make up 38.6% of residents. A majority of residents in Balmoral are home owners, with 19% of residents renting and 81% 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.
How much do you need to make to afford a house in Balmoral?
The median home price in Balmoral is $285,000. If you put a 20% down payment of $57,000 and had a 30-year fixed mortgage with an interest rate of 7.03%, your estimated principal and interest payment would be $1,520 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $65K a year to afford the median home price in Balmoral. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Balmoral is $107K.
What are the best public schools in Balmoral?
The best public schools that serve Balmoral are:
- Balmoral Ridgeway Elementary School has a C+ Niche grade and a student teacher ratio of 13:1.
- Ridgeway High School has a C Niche grade, a student teacher ratio of 16:1 and an average review score of 3.7.
- Ridgeway Middle School has a C Niche grade, a student teacher ratio of 17:1 and an average review score of 2.5.
What are the best private schools in Balmoral?
The best private schools that serve Balmoral are:
- Lausanne Collegiate School has an A+ Niche grade, a student teacher ratio of 6:1 and an average review score of 4.7.
- Hutchison School has an A+ Niche grade, a student teacher ratio of 7:1 and an average review score of 4.7.
- 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?
What are the most popular neighborhoods near Balmoral, Memphis, TN?
The most popular neighborhoods near Balmoral, Memphis, TN are Kirby Woods, Sea Isle Park, Fox Meadows, Hickory Hill and Keswick-Stornaway.
Are home prices dropping in Balmoral?
Yes, home prices in Balmoral are down 1% in the last 12 months.
