Why Live in Hyde Park
Hyde Park, a suburb of Memphis, offers accessible housing options with a variety of single-family homes and duplexes primarily built in the early to mid-1900s. The neighborhood features sidewalks and tidy hedges, creating a welcoming environment. Residents have convenient access to public transportation via Memphis Area Transit Authority (MATA) buses and are about 8 miles from both the Memphis Central train station and Memphis International Airport. Hyde Park is well-connected to major roadways, making it easy to navigate the greater Memphis area. Local amenities include small bodegas, mom-and-pop shops, and two nearby Kroger grocery stores. Dining options range from popular spots like 2 Star Jr. on Chelsea Avenue to Yum's Chinese Carry Out and Yomama on Jackson Avenue. For nightlife, Wild Bill's Juke Joint offers live Memphis-style blues just a mile west. The neighborhood's primary green space, Gooch Park, spans 10 acres and includes a basketball court, pavilion, and lighted swimming pool. Additional recreational facilities are available at University Park and the nearby Douglass and Hollywood Community Centers, which offer amenities like tennis courts, ball fields, and a splash pad. The Memphis Zoo, located about 2 miles away, is home to various animals, including red pandas and giraffes. Hyde Park is close to several annual events, including the World Championship Barbecue Cooking Contest and the Mempho music festival. Train tracks in the area may be disruptive to newcomers, and the city funds several community centers where locals can connect with resources and meet their neighbors.
Home Trends in Hyde Park, TN
On average, homes in Hyde Park, Memphis sell after 77 days on the market compared to the national average of 52 days. The median sale price for homes in Hyde Park, Memphis over the last 12 months is $60,000, down 43% from the median home sale price over the previous 12 months.
Median Sale Price
$60,000
Median Single Family Sale Price
$67,750
Median 2 Bedroom Sale Price
$40,000
Average Price Per Sq Ft
$74
Number of Homes for Sale
31
Last 12 months Home Sales
72
Median List Price
$84,000
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
-43%