$199,000
- 3 Beds
- 1 Bath
- 800+ Sq Ft
5055 Wingdale Rd, Memphis, TN 38117
Amanda Lester
NextHome Cornerstone Realty
(901) 350-4896
Frequently Asked Questions
Is Colonial Acres a good place to live?
Colonial Acres is a good place to live. Colonial Acres is considered car-dependent and somewhat bikeable with minimal transit options. Colonial Acres is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Colonial Acres has 6 parks for recreational activities. It is fairly sparse in population with 4.7 people per acre and a median age of 38. The average household income is $97,315 which is above the national average. College graduates make up 48.2% of residents. A majority of residents in Colonial Acres are home owners, with 32.3% of residents renting and 67.7% of residents owning their home. A local real estate agent serving Colonial Acres can help you decide if this neighborhood is the right one for you. Learn more on our Colonial Acres neighborhood guide.
Is Colonial Acres, TN a safe neighborhood?
Colonial Acres, TN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Colonial Acres?
The median home price in Colonial Acres is $252,500. If you put a 20% down payment of $50,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,280 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $55K a year to afford the median home price in Colonial Acres. The average household income in Colonial Acres is $97K.
What are the best public schools in Colonial Acres?
The best public schools that serve Colonial Acres are:
- White Station High has an A Niche grade, a student teacher ratio of 18:1 and an average review score of 3.8.
- Sea Isle Elementary School has a C+ Niche grade, a student teacher ratio of 17:1 and an average review score of 5.0.
- Colonial Middle has a C+ Niche grade, a student teacher ratio of 19:1 and an average review score of 4.0.
What are the best private schools in Colonial Acres?
The best private schools that serve Colonial Acres 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 4.7.
- 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 Colonial Acres, Memphis, TN?
What are the most popular neighborhoods near Colonial Acres, Memphis, TN?
The most popular neighborhoods near Colonial Acres, Memphis, TN are Audubon Park, Balmoral, Parkway Village, Fox Meadows and River Oaks.
Are home prices dropping in Colonial Acres?
Yes, home prices in Colonial Acres are down 3% in the last 12 months.
