$130,000
- 4 Beds
- 2 Baths
- 1,000+ Sq Ft
1562 Victor St, Memphis, TN 38106
Walter Jones
BEST Real Estate Company
(901) 673-3800
Frequently Asked Questions
Is South Memphis a good place to live?
South Memphis is a good place to live. South Memphis is considered car-dependent and somewhat bikeable with some transit options. South Memphis is a suburban neighborhood. South Memphis has 14 parks for recreational activities. It is fairly sparse in population with 3.5 people per acre and a median age of 40. The average household income is $38,124 which is below the national average. College graduates make up 10.8% of residents. A majority of residents in South Memphis are renters, with 60.7% of residents renting and 39.3% of residents owning their home. A local real estate agent serving South Memphis can help you decide if this neighborhood is the right one for you. Learn more on our South Memphis neighborhood guide.
Is South Memphis, TN a safe neighborhood?
South Memphis, TN is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in South Memphis?
The median home price in South Memphis is $335,700. If you put a 20% down payment of $67,100 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,740 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $75K a year to afford the median home price in South Memphis. The average household income in South Memphis is $38K.
What are the best public schools in South Memphis?
The best public schools that serve South Memphis are:
- Hollis F. Price Middle College High School has a B Niche grade, a student teacher ratio of 7:1 and an average review score of 3.8.
- Booker T. Washington Middle & High School has a C Niche grade, a student teacher ratio of 14:1 and an average review score of 4.6.
- Mitchell High School has a C- Niche grade, a student teacher ratio of 18:1 and an average review score of 3.8.
What are the best private schools in South Memphis?
The best private schools that serve South Memphis are:
- Grace-St. Luke's Episcopal School has an A- Niche grade, a student teacher ratio of 8:1 and an average review score of 3.8.
- Immaculate Conception Cathedral School has a B+ Niche grade, a student teacher ratio of 8:1 and an average review score of 3.6.
- St. Augustine Catholic School has a student teacher ratio of 15:1.
What are the most popular zip codes in South Memphis, Memphis, TN?
What are the most popular neighborhoods near South Memphis, Memphis, TN?
The most popular neighborhoods near South Memphis, Memphis, TN are Southeast Memphis, South Main, South City, Downtown Memphis and Annesdale.
Are home prices dropping in South Memphis?
Yes, home prices in South Memphis are down 37% in the last 12 months.
