$270,789Average Value$127Average Price per Sq Ft10Homes For Sale
Locals enjoy affordability and access in Balmoral
Directly outside I-240 in East Memphis, Balmoral resembles many 20th-century suburbs with its wide drives and calm atmosphere. Residents enjoy the neighborhood’s ease of access to commuting routes and suburban feel, but its affordability compared to other areas close by is the main draw. “It’s a lower price point than nearby neighborhoods like Kirby Woods,” says Max Rubenstein, a Realtor with Keller Williams and a lifelong Memphian. “As markets have changed and things have shifted, that’s probably more of an entry-level price point.”
Midcentury ranch-style homes make up neighborhood
Quiet residential streets branch off Ridgeway Road and Quince Road, with gently curved drives often ending in cul-de-sacs. The neighborhood was mainly developed in the 1960s and 1970s, and most homes date from that era. Ranch-style and bi-level houses generally sell between $200,000 and $325,000. Some newer builds or renovated properties can sell between $400,000 and $500,000.
Kids attend Memphis-Shelby County Schools or highly rated private options
Memphis-Shelby County Schools serve Balmoral, and kids can start at Balmoral-Ridgeway Elementary, which receives a C-plus grade from Niche. Ridgeway Middle and Ridgeway High each earn a C grade. Students can pursue the International Baccalaureate program through all three schools in the pipeline. Private school options include A-rated Westminster Academy, as well as the all-girls Hutchison School and all-boys Memphis University School, each given an A-plus. All three private schools are K-12.
Balmoral can easily access Interstate 240
Interstate 240, which acts as a beltway around Memphis, runs alongside the northwest edge of Balmoral, while Bill Morris Parkway passes along its southern side. “The interstate’s pretty close there,” Rubenstein says. “There are three access points for anyone in that neighborhood.” The MATA bus system stops outside the neighborhood, but residents generally drive to their destinations. Downtown Memphis is about 15 miles away, and Memphis International Airport is roughly a 10-mile drive. The airport offers nonstop flights to nearly 40 destinations, mainly across the United States.
Poplar Avenue offers shopping centers and popular restaurants
Balmoral is mainly residential, but the neighborhood has commercial districts to both the north and south. Residents can take Ridgeway Road to the Apple Tree Center, which has a Walmart Neighborhood Market and several small restaurants. On the neighborhood’s opposite side, several shopping centers line Poplar Avenue, including Ridgeway Trace. The development has a Target and a Best Buy, while sit-down restaurants like Belly Acres and fast food spots like Chick-fil-A also sit alongside Poplar Avenue.
Memphians head to Shelby Farms Park for recreation
The Lichterman Nature Center is across the street from Balmoral on a 65-acre preserve. The center is run by the Memphis Museums of Science and History and offers a visitor center, a play area for kids and trails through the forest for wildlife viewing. In the neighborhood, May Park has 10 soccer fields for youth sports programs, while the Ric Nuber YMCA has a gym with weights and treadmills and a pool. Residents also head 6 miles north to Shelby Farms Park, one of the largest urban parks in the country.
The Balmoral Neighborhood Association holds community events
The Balmoral Neighborhood Association is a voluntary group of the area’s residents. In addition to helping keep the neighborhood clean and safe, the association holds events for the community. These include an annual block party each fall and a Fourth of July parade. Residents can also head into Downtown Memphis for entertainment. The NBA’s Memphis Grizzlies play at FedExForum downtown, while music or barbecue-inspired festivals happen nearly every month.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Lakesha Lilly Leatherwood,
an experienced agent in this neighborhood.
Parks in this Area
Walter May Park
Soccer
Transit
Airport
Memphis International
17 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Balmoral
US
Homicide
4
4
Sexual Assault
5
4
Assault with Weapon
4
4
Robbery
4
4
Burglary
5
4
Motor Vehicle Theft
4
4
Larceny
5
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Balmoral, Memphis sell after 44 days on the market compared to the national average of 47 days. The average sale price for homes in Balmoral, Memphis over the last 12 months is $260,578, up 2% from the average home sale price over the previous 12 months.
Tucked at the end of a quiet dead-end street, this 4 bed, 2.1 bath home offers nearly 2,000 sqft of beautifully updated space on a tranquil 0.22-acre lot. Surrounded by green space & mature trees, the park-like setting feels peaceful & private. Enjoy large windows throughout, filling every room with natural light. The layout features multiple living areas—including a great room & cozy hearth room
Welcome to 2595 Crewe Street, a charming 4 bed, 2 bath home in East Memphis’ Marlboro Estates. This well-kept gem offers a spacious, functional layout ideal for relaxing or entertaining. Enjoy a generous lot with a large backyard perfect for gatherings or gardening. Located on quiet, tree-lined streets in an established neighborhood, this home blends comfort, character, and convenience — the
SO MUCH SPACE for this price! If you need room on a budget then be sure to schedule your appointment to see this spacious 4 bedroom home. The first floor offers both a front living room and cozy den with fireplace. The front room could be a great home office! The cute kitchen has an eat in dining space and is adjacent to the separate laundry room. Lots of great dinners to be had in the large
Motivated Seller! Charming 4-bedroom, 2.5-bath home in a prime East Memphis location! This property features a spacious layout with updated flooring, fresh paint, and modern fixtures throughout. The kitchen offers ample storage and counter space, opening to a cozy living area perfect for entertaining. Large backyard with patio, ideal for outdoor gatherings. Conveniently located near shopping,
Located in coveted East Memphis neighborhood, this stunning residence boasts captivating curb appeal. Recently renovated, it showcases beautiful wood like flooring, 2 primary BR's, and new windows. Kitchen features custom cabinets, stainless steel appliances, and eat in kitchen. The den features a cozy fireplace w/ ample space. The large primary BA features a double sink, recessed lighting, and
Spacious and well-maintained, this 5-bed, 2-bath home offers ample living space with formal living and dining rooms, a cozy den, large kitchen with double oven and dedicated laundry room. The primary bedroom is conveniently located downstairs while four additional bedrooms are upstairs along with a permanent attic staircase for extra storage. The upstairs bathroom has been remodeled and multiple
Please note that the advertised price may exclude additional fees. These include a mandatory $55 application fee per applicant; a one-time $75 admin fee; a $11 monthly utility management fee; fees for amenities like smart home or internet service; and optional conditional fees for services like self-guided tours with third-party provider Rently ($1.99 to $11.99), pet fees/rent, or pool
Charming 3 bedroom, 2 bath move-in ready home. Large Open Floor Plan. Large Living Room. Abundance of natural light. Beautiful hardwood floors in bedrooms and hallway. Covered front porch. Large Backyard. Central Heat/Air. Driveway with off-street concrete pad parking. Easy access to anywhere. NO SMOKING. For showings, contact listing agent, Chad Woelke
Welcome to Happy on Haddington! This spacious 6-bedroom, 2-bathroom home comfortably sleeps up to 18 guests. Relax in the roomy living area or enjoy a family game night at the large dining table. Located just 10 miles from Shelby Farms, 15 miles from Downtown Memphis, and minutes from I-240, you'll have easy access to all the city has to offer.Guests will enter the home through the front door
Interested in learning more about homes in this area?
Reach out to
Lakesha Lilly Leatherwood,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,327
Median Age
41
Population Density
1 person/acre
Population under 18
24%
On par with the national average
23.8%
Population over 65
21.5%
On par with the national average
19.1%
Finances
Median Household Income
$91,626
Above the national average
$71,702
Average Household Income
$106,560
Education and Workforce
High School Graduates
98.2%
Above the national average
89.1%
College Graduates
38.6%
Advanced Degrees
17.9%
% Population in Labor Force
71.5%
Above the national average
65.1%
Weather
Annual Precipitation
55''
Average Winter Low Temperature
34°F
Average Summer High Temperature
92°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
32/ 100
Car-Dependent
Walk Score®
20/ 100
Minimal Transit
Transit Score®
20/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
