Do you like your neighborhood? Is it friendly, and where everyone knows their neighbors? No matter if you live in the sticks or in an apartment building in downtown Memphis, you have a little pocket that you can call home. And each neighborhood is different.
Smaller neighborhoods usually have obvious benefits — less crime, a slower pace of life, and a lower cost of living. But not all Memphis neighborhoods are created equal. Some are better than others. But which ones?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Memphis are the best. If you’re in one of the places we’re about to highlight, odds are you know you’ve got it made.
Here are the best neighborhoods in Memphis:
- River Oaks-Kirby-Balmoral
- East Memphis-Colonial-Yorkshire
- Hickory Ridge-South Riverdale
- White Haven-Coro Lake
- Berclair-Highland Heights
Read on to see how we determined the places around Memphis that deserve a little bragging rights.
How do you determine the best neighborhoods in Memphis?
In order to rank the best neighborhoods in Memphis, we had to determine what criteria defines a “best”.
Using crime, census, and extrapolated BLS data, we arrived at the following set of criteria:
- High incomes
- Low unemployment rates
- Low crime
- High home prices
- High population densities (A proxy for things to do)
We limited the analysis to neighborhoods with over 1,000 people.
We then ranked each neighborhood with scores from 1 to 13 in each category, where 1 was the best.
Next, we averaged the rankings for each neighborhood to create a best neighborhood index.
And finally, we crowned the neighborhood with the lowest best neighborhood index the “Best City Neighborhood In Memphis.” We’re lookin’ at you, Windyke-Southwind.
Read on below to learn more about what it’s like to live in the best places Memphis has to offer. Or skip to the end to see the list of all the neighborhoods in the city from best to worst.
Population: 10,625Median Home Price: $279,450
Crimes Per 100K People: 3,091
Unemployment Rate: 2.0%
2. River Oaks-Kirby-Balmoral
Population: 40,355Median Home Price: $202,315
Crimes Per 100K People: 3,810
Unemployment Rate: 3.8%
Population: 78,760Median Home Price: $151,288
Crimes Per 100K People: 5,686
Unemployment Rate: 4.0%
4. East Memphis-Colonial-Yorkshire
Population: 109,686Median Home Price: $139,937
Crimes Per 100K People: 6,757
Unemployment Rate: 7.5%
Population: 13,361Median Home Price: $202,367
Crimes Per 100K People: 3,965
Unemployment Rate: 4.2%
6. Hickory Ridge-South Riverdale
Population: 89,875Median Home Price: $113,037
Crimes Per 100K People: 8,569
Unemployment Rate: 8.8%
Population: 63,642Median Home Price: $109,753
Crimes Per 100K People: 8,591
Unemployment Rate: 9.5%
Population: 53,748Median Home Price: $86,648
Crimes Per 100K People: 9,758
Unemployment Rate: 8.3%
9. White Haven-Coro Lake
Population: 89,386Median Home Price: $87,707
Crimes Per 100K People: 9,987
Unemployment Rate: 11.2%
10. Berclair-Highland Heights
Population: 31,709Median Home Price: $58,455
Crimes Per 100K People: 11,203
Unemployment Rate: 8.5%
Putting A Bow On Our Analysis Of Memphis
If you’re measuring the neighborhoods in Memphis where crime is low and everyone wants to live, this is an accurate list.
If you’re curious, here are the worst places in Memphis:
- Shelby Forest-Frayser
- Parkway Village-Oakhaven
For more reading, check out:
- These Are The 10 Fastest Growing Cities In Tennessee
- These Are The 10 Richest Cities In Tennessee
- These Are The 10 Most Ghetto Places In Tennessee
Detailed List Of The Best Neighborhoods In Memphis
|Hickory Ridge-South Riverdale||6|
|White Haven-Coro Lake||9|