A lively city with a strong local economy, Memphis boasts a wealth of employment opportunities and a low cost of living with no state income taxes. East Memphis is a commercial and residential powerhouse, providing thriving businesses on Poplar Avenue and huge homes on Walnut Grove. Proven a dependable area for homes and businesses outside of downtown, East Memphis also features a high concentration of places of worship, sought-after public and private schools, two hospitals and the campus of the University of Memphis.
Brimming with nearby hotspots such as Graceland, Beale Street, museums and casinos, getting around the city is easy. Taxis, tour buses and public transportation are prevalent all over the city. Just as important as the music of Memphis, the local barbecue positions the cityís culinary delights in a category of its own. Celebration of the regional fare reaches its climax when the Memphis in May festival holds its annual international World Barbeque Championship Cook-Off. Conversely, the downtown section of Memphis is chic and cosmopolitan, offering art galleries, retail shops, superlative dining, Orpheum Broadway Shows, professional NBA Grizzlies, AAA Minor league Cardinalís farm team and museums, with a mix of architectural styles, and urban lifestyles.
Boasting multiple cultural attractions, historic sites and educational opportunities, East Memphis and the surrounding communities offer diverse recreational opportunities, affordable housing and Southern hospitality to its residents. Real estate options consist of single-family homes, condominiums and townhouses as well as land for custom building.
Widespread options are available in the city, from small family homes on tree-lined streets, palatial new developments in new home subdivisions, gated communities and within city limits, to urban condos in the heart of the city. Active and retired members of the military find that East Memphis is an ideal community to call home as Naval Air Station Memphis is located a short drive away. Ownership has seen a healthy appreciation in the area, proving a solid investment for residents. Single-family homes start below $100,000 in outlying areas and can go up to $3 million for vast acreage, prime location, exclusive amenities and sprawling estates. Town homes and condominiums start below $100,000 up to $400,000. Site lots ranges from under $50,000 to $1.2 million, depending significantly on acreage, views, topography and utilities present.
East Memphis Real Estate Stats and Trends for the week of March 10th, 2014: homes priced around $153,201 compared to $152,545 the previous week, for a slight increase of less than +1%. For Sunday, March 16th, the current national mortgage rate for a 30 year fixed mortgage is 4.29%; the 15 year fixed rate is at 3.35%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.37%, while the 15 year jumbo rate currently is at 3.72%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in East Memphis TN. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in East Memphis to help you find the best home!