$72,392Average Value$60Average Price per Sq Ft9Homes For Sale
Small neighborhood outside Memphis
Just below the meandering Wolf River and east of a pair of lakes outside downtown Memphis lies Hollywood, a tight-knit, residential community near city nightlife. History also has its place there, as the structures of roadways and businesses dating to the mid-20th century can still be seen in Hollywood, while today the access to downtown Memphis is one of the neighborhood’s most valued assets; in fact, the skyline of the city, complete with the Bass Pro Shops Pyramid, office buildings and bridges, is visible from above Hollywood. “The concentration of the nightlife is pushed towards the south main historic district on the south end of downtown,” says Mike Parker, a Realtor with The FIRM Memphis Real Estate.
The Wolf River winds through north Hollywood.
Most homes in Hollywood are modest.
1/2
Residences near water sources
Homes in the Hollywood neighborhood typically range from around $50,000 to $80,000, though residences can also sell for as low as under $25,000 or for over $100,000. Most houses in the area are concentrated in the southern, central part of Hollywood, with many built in the early 20th century or the 1950s and falling on the smaller side. "It's an established area for older homes not far from downtown Memphis," says Ludora Cooper, the principal broker and owner of Prime Realty & Investments. "I actually grew up there -- that's my childhood neighborhood." Cooper also says some properties are generational, having been passed down through families over time. A compact neighborhood, Hollywood consists of minimal traditional architecture, ranches and shotgun houses. There's also some Craftsman-style influences and brick construction, as well as other flair like awnings, side-gabled roofs or wrought-iron door cages. Gardens or personal touches add a level of comfort and an established nature to the residential area, and many of the homes there are multi-generational. Crime in the Hollywood area has a CAP index of 8 out of 10, significantly above the national average of 4, with scores of 10 for homicide and assault with a weapon.
The Wolf River is an important local waterway that runs through Hollywood.
Many of Hollywood's residents have called the neighborhood home for decades.
1/2
Quick drives down to Memphis
The Dr. Martin Luther King Jr. Expressway, also designated Interstate 40, comprises the entire northern boundary of Hollywood, meaning that downtown Memphis is just less than 10 miles south. I-40 also connects the area with Nashville about 200 miles northeast and, as a whole, spans nearly the entire country. The state line with Arkansas is just to the west, across the Mississippi River, while three interchanges – one each at the northwestern and northeastern corners and a third between them – also make up portions of Hollywood’s borders. To the west, I-40 joins with Interstate 69 for a short stretch. I-69 runs northeast from Texas to Michigan, though it's split into multiple segments. "It's not far from downtown Memphis or midtown Memphis," Cooper says. "It's definitely close to the highway, and you can get on the highway and go anywhere in the city."
Hollywood is bordered on the north and west by I-40.
Hollywood is located close to downtown Memphis.
1/2
Restaurants on Chelsea Avenue
Diners can head to one of myriad nearby eateries and stores for a dash of local flavor. 2 Star Jr. has served its customers hot wings and late-night burgers for about a decade, while JC’s Crumpy Hotwings and Trevie’s Sweeties are just beyond the southern line. Edna Diner does exactly what its tagline says and serves breakfast and lunch to its patrons just within the southeastern corner of Hollywood. For more general shopping, the Frayser Village Shopping Center down North Hollywood Street has a Kroger, while stores within the neighborhood include Wing & Lam Grocery, Hyde Park Grocery and Friendly Food Market. “Right off Beale Street, in downtown Memphis, is the FedEx Forum, where there’s concerts, Memphis Tigers games and Memphis Grizzlies games,” says Parker, who grew up in the area and has lived most of his life downtown. “A great place is Itta Bena, named for the town in Mississippi that BB King is from, and he and a conglomerate owned that right above BB King’s Music Club.” Overton Park, the largest green space in the area around Hollywood, is also surrounded by streets lined with restaurants. "Overton Park is in the heart of the city," Cooper says. "Near Overton Square is where you've got your restaurants and entertainment district. It's bikeable and walkable."
Hollywood residents do most of their grocery shopping in markets like Nite-N-Day Food Mart.
Chelsea Avenue is Hollywood's commercial center.
1/2
Parks close by and within Hollywood
The Hollywood Community Center is a prime spot for indoor recreation and programs, offering a gym and various classes, and the Hollywood Walking Trail is a popular destination for outdoor exercise. The trailhead to the Wolf River Greenway is accessible within the neighborhood, which consists of a paved path by the waterfront with the shade of trees overhead, and the river winds through the entire northern portion of Hollywood. Kilowatt and Sandpit Lakes both lie in the western half of the area, where residents can cast a line or two, and Lucille Price Park offers a basketball court, a pond and playground. “Greenbelt Park on Mud Island, as well as Mud Island itself, are a huge recreational draw,” Parker says. “There’s a museum over there, canoe and kayak rentals and a couple marinas for houseboats and speedboats.” Mud Island lies on the Mississippi River to the west. Overton Park encompasses the Memphis Zoo, a golf course, art museum and more.
The Hollywood Community Center is a popular public service for the neighborhood.
Hollywood is close to a number of parks such as Gooch Park.
1/2
Annual fairs and celebrations
Downtown Memphis and the surrounding area are the sites of events every year, including a number of festivals and fairs. The annual Delta Fair & Music Festival runs for more than a week late in the summer, with pageants, dancing contests and events spotlighting music. There's also live music performances by local, regional and national artists, as well as a demolition derby, meet-and-greets and more. Annual celebrations also include Pride parades, Juneteenth gatherings and a variety of events throughout November and December to ring in and commemorate the holiday season. “Right off Beale Street, in downtown Memphis, is the FedEx Forum, where there’s concerts, Memphis Tigers games and Memphis Grizzlies games,” says Parker, who grew up in the area and has lived most of his life downtown. “A great place is Itta Bena, named for the town in Mississippi that BB King is from, and he and a conglomerate owned that right above BB King’s Music Club.”
Hollywood residents have easy access to Midtown Memphis.
Downtown Memphis is located minutes from Hollywood and hosts festivals and fairs year round.
1/2
Schools outside Hollywood
Douglass K-8 Optional School and Douglass High School are among the area’s educational institutions, both situated to the east of the neighborhood. Douglass K-8 serves as an elementary school and middle school, receiving a C-minus from Niche. Douglass High School is within walking distance of its precursor, receiving a C from Niche. Its athletic teams play as the Red Devils and varsity sports for students enrolled there include baseball, softball and basketball.
Douglass K-8 School provides an elementary and middle school education to its Memphis students.
Douglass High School is operated by Shelby County Schools.
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
Tara Woodley,
an experienced agent in this neighborhood.
Parks in this Area
Hollywood Community Center
Playground
Events
Community Center
Gooch Park
Pool
Parking Lot
Multi-Purpose Field
Lucille Price Park
Basketball
Lake
Picnic Area
Rodney Baber Park
Baseball/Softball
Basketball
Concessions
University Park
Baseball/Softball
Grills
Tennis
Transit
Airport
Memphis International
18 min drive
Bus
Hollywood & Blue Rd
Bus
Chelsea & Hyde Park
Bus
Chelsea & Trezevant
Bus
Chelsea & Austin
Bus
Hollywood & Midway
Bus
Chelsea Ave & Carpenter
Bus
Chelsea & Mclean
Crime and Safety
1 - Low Crime, 10 - High Crime
Hollywood
US
Homicide
10
4
Sexual Assault
6
4
Assault with Weapon
10
4
Robbery
9
4
Burglary
6
4
Motor Vehicle Theft
5
4
Larceny
3
4
Crime Score
8
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Hollywood, Memphis sell after 94 days on the market compared to the national average of 47 days. The average sale price for homes in Hollywood, Memphis over the last 12 months is $50,510, down 17% from the average home sale price over the previous 12 months.
Great investment opportunity in this rental income producing house. It has 3 bedrooms and 1 baths. Currently renting for $1,451 per month. so as not to disturb tenants inspection scheduled after an accepted offer. Over 15 other rental houses available also.
Good looking 2 bedroom 1 bath home that is move in ready and has a new central furnace and recently installed water heater. This can be a great family home or income producing property.
Welcome to 2108 Curry Ave in Memphis, TN! This charming house features 3 bedrooms and 2 bathrooms, perfect for those looking for a comfortable and convenient living space. With amenities such as a two year lease option, online maintenance portal, and online rent payment, your renting experience will be hassle-free. Enjoy the convenience of washer/dryer hookups and central air conditioning.
**$99 FIRST MONTH RENT**A completely restored single-family home with 3 bedrooms and 2 bathroom, This house features, storm door, covered front porch, fresh paint, hardwood flooring, updated kitchen, refrigerator and stove. This is something you don't want to miss. Schedule a viewing now.
Interested in learning more about homes in this area?
Reach out to
Tara Woodley,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
3,755
Median Age
40
Population Density
2 ppl/acre
Population under 18
27.8%
On par with the national average
23.8%
Population over 65
21.7%
On par with the national average
19.1%
Finances
Median Household Income
$20,602
Significantly below the national average
$71,702
Average Household Income
$35,979
Education and Workforce
High School Graduates
69.1%
Below the national average
89.1%
College Graduates
6.7%
Significantly below the national average
34.1%
Advanced Degrees
2.3%
% Population in Labor Force
49.2%
Weather
Annual Precipitation
55''
Average Winter Low Temperature
34°F
Average Summer High Temperature
92°F
Annual Snowfall
4''
Area Factors
Somewhat Bikeable
Bike Score®
42/ 100
Car-Dependent
Walk Score®
24/ 100
Some Transit
Transit Score®
29/ 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.
