$259,000
- 4 Beds
- 2 Baths
- 1,600+ Sq Ft
4677 Leatherwood Ave, Memphis, TN 38117
Tonya McDowell
The Stamps Real Estate Company
(901) 660-8416
Frequently Asked Questions
Is Colonial Acres a good place to live?
Colonial Acres is a good place to live. Colonial Acres is considered somewhat walkable and somewhat bikeable with minimal transit options. Colonial Acres is a suburban neighborhood. 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 below 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 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 Colonial Acres?
The median home price in Colonial Acres is $215,000. If you put a 20% down payment of $43,000 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $1,060 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $45K a year to afford the median home price in Colonial Acres. Learn how much home you can afford with our Home Affordability Calculator. 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:
- 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.
- Overton High has a C+ Niche grade, a student teacher ratio of 19:1 and an average review score of 3.8.
What are the best private schools in Colonial Acres?
The best private schools that serve Colonial Acres are:
- St. Agnes Academy has an A Niche grade, a student teacher ratio of 5:1 and an average review score of 4.5.
- Margolin Hebrew Academy has an A- Niche grade, a student teacher ratio of 4:1 and an average review score of 4.0.
- Woodland Presbyterian School has a B+ Niche grade, a student teacher ratio of 7:1 and an average review score of 4.7.
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 East Memphis, Sea Isle Park, Parkway Village, Orange Mound and Balmoral.
Are home prices dropping in Colonial Acres?
Yes, home prices in Colonial Acres are down 3% in the last 12 months.
