Memphis Homes for Sale
Homes in Memphis, Tennessee are as diverse as one could hope for. From the modern condos in the South Main area of downtown Memphis to the single family home subdivisions in Cordova, Memphis homes can provide a rewarding lifestyle to just about anyone who wants to settle here. Read more about Memphis homes.
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Memphis Real Estate
Average prices for Memphis homes are in the mid $100,000s. New homes are currently in the $250K range and foreclosures in the mid $50,000s. Now is definitely the time to buy a Memphis home in order to take advantage of the phenominally low home cost and low interest rates of today. The many neighborhoods of Memphis each offer their own atmosphere and unique amenities.
Downtown Memphis overlooks the Mississippi River from “The Bluffs” or “South Bluffs” as the hills are called. This is the home of Beale Street, famous as a center for blues music and now a tourist destination. It also contains the Lorraine Motel, now home of the National Civil Rights Museum, the Pyramid and the Peabody Hotel.
Downtown Memphis Condos
Homes in Downtown Memphis are largely condos and lofts, from converted warehouses to modern buildings. Prices range from under $100,000 for studio apartments to over $2 million for a luxury, custom build condo in an upscale building. Downtown Memphis condos are right in the heart of the city, affording home owners with the opportunity to walk or bike from home to work, shopping and recreation.
Uptown Memphis homes are located east of Harbor Town and north of the Pinch District. Hundreds of homes and condos are being built here. Uptown Memphis has a rich history, from the 19th century where it was the location of luxury homes built for prominent Tennessee families, to today, where it is becoming a unique neighborhood with a mix of people and businesses. Uptown Memphis homes are convenient to Downtown Memphis and Interstate 40.
Uptown Memphis EcoBUILD Homes
All the new homes in Uptown Memphis are built to Memphis Light Gas & Water EcoBUILD standards, which means they are 30% more energy efficient than the average Memphis home. EcoBUILD is a voluntary program created to promote the use of energy-efficient materials and appliances in new home construction. In Uptown Memphis, homes are built with 14 SEER air conditioners, low-e windows, increased insulation, recycled materials, low VOC paint and sealers and native/adapted plants for low-water landscaping.
East Memphis homes are located in an older part of the city, but many are relatively new, due to recent reconstruction efforts in the area. Some of the better known neighborhoods are Shady Grove, Sherwood Forest and White Station. A mix of commercial and residential construction, East Memphis is the home of Corky’s Barbecue, the University of Memphis and Oak Court Mall.
Cordova is a small community on the eastern edge of Memphis which is slowly being annexed. There are two main areas: Old Cordova and Wolfchase. Old Cordova is the “actual” town of Cordova. Wolfchase isn’t actually part of Cordova but is so close that it is often associated with the community. Most parts of Cordova have been annexed by Memphis at this time; home buyers should be aware that “no city taxes!” may be true now, but eventually will apply to one’s home.