East Memphis · Memphis · ZIP 38117

Buying a home in East Memphis?
Memphis's established professional neighborhood.

East Memphis is where Memphis professionals have always landed — established neighborhoods, mature trees, proximity to the corporate corridor along Poplar Avenue, and Shelby Farms access. Median home values hover around $400,000, but the buying power goes further here than anywhere else at that price.

660+
Min. credit score
$295K
Typical entry price
5–20%
Potential down pmt
Payment Snapshot · East Memphis
Sample East Memphis Listing
4 BD · 3 BA · Listed ~$295,000
Estimated All-In Monthly Payment
$2,010
Conventional @ ~6.75% · 5% down · P&I + PMI + Taxes + Insurance
Principal & Interest$1,721
Mortgage Insurance$234
Est. Property Taxes$229
Est. Home Insurance$214
Estimated DTI37.0%
✓ Conventional 5% down available for qualifying buyers — PMI cancels automatically when equity reaches 20%
For illustration only. Not a commitment to lend. Subject to credit, income, AUS, property, and DPA program approval.
About this market

East Memphis: the professional corridor's home base.

East Memphis sits between Midtown and the suburban ring — close enough to Downtown to be a short commute, established enough to feel settled and permanent. The Poplar Avenue corporate corridor runs directly through it, housing law firms, financial services companies, healthcare administration offices, and professional service firms that represent the employer base for most of the neighborhood's residents.

The University of Memphis is a critical East Memphis anchor that often gets overlooked in housing conversations. With over 21,000 students and thousands of faculty, researchers, and staff, the University is one of the largest employers in the Memphis metro. Its campus sits on the neighborhood's western edge along Central Avenue, and the surrounding blocks house graduate students, professors, and university-adjacent professionals who specifically choose East Memphis for the combination of walkable access to campus and established residential character. The University's continued research investment — particularly in areas like data science, logistics, and healthcare — means the employment base it represents is growing, not static.

Shelby Farms Park sits on East Memphis's eastern edge — 4,500 acres of the country's largest urban parks with trail networks, kayaking, horseback riding, and an adventure center. For buyers coming from other cities, the combination of an established professional neighborhood with this scale of natural recreation access within the same zip code is genuinely unusual.

Home values in East Memphis average around $400,000, with a wide range from $250,000 for smaller homes needing updates to $500,000+ for larger updated properties. Conventional financing is the standard tool here — buyers typically have 660+ credit, meaningful down payment savings, and are looking at this as a long-term hold rather than a starter purchase.

Chef Kelly English's celebrated restaurant The Second Line recently relocated to East Memphis, joining Restaurant Iris as part of a growing cluster of nationally recognized dining. Memphis's 2025 Michelin Guide recognition for several local restaurants signals the kind of culinary investment that tends to move into neighborhoods with professional-class buyer demand — and East Memphis is squarely in that profile.

East Memphis's parks, culture, and what makes it different.

The Dixon Gallery and Gardens is one of East Memphis's defining assets — celebrating its 50th anniversary in 2026 with a major exhibition honoring its founders Hugo and Margaret Dixon. Set on 17 acres of certified arboretum grounds in the heart of East Memphis, the Dixon houses over 2,000 works of art including significant French Impressionist paintings and German and English porcelain, all displayed in the founders' original 1942 Georgian-style residence. Entry is free, and the gardens alone — with guided seasonal tours and public concerts — make it a weekly destination for East Memphis residents. There isn't a comparable institution at this price point anywhere else in the metro.

Audubon Park sits adjacent to East Memphis's core, offering an 18-hole golf course, paved walking paths, fishing ponds, and open green space. The park connects to the broader greenway network that makes East Memphis one of the most walkable and bikeable areas outside of Midtown. Laurelwood Shopping Center on Poplar Avenue is the neighborhood's boutique retail anchor — locally-owned restaurants, specialty shops, and services that give the commercial corridor a distinct character compared to strip-mall suburbs further east.

The healthcare employment base here is substantial: Baptist Memorial Health Care, St. Francis Hospital, and multiple specialty medical practices all operate along or near the East Memphis corridor. For physicians, nurses, and healthcare administrators who want to live in the same neighborhood where they work, East Memphis delivers. The combination of professional employment, walkable parks, national-caliber cultural institutions, and a housing market still priced below what comparable cities charge is the East Memphis proposition in a sentence.

At a glance
ZIP code38117
Typical price range$250K – $500K+
Best-fit loan typeConventional
Min. credit score660+
Distance to Downtown~15 min
Distance to airport~20 min
Local highlights
Poplar Ave corridorMajor corporate employment spine
Shelby Farms ParkDirect access — 4,500 acres
Median home value~$400K (Redfin 2026)
Restaurant Iris / The Second LineNationally recognized dining
Downtown distance~15 min via I-240
Who this fits

Buyers Trevor sees most here.

If your situation matches one of these, there's a strong chance you can move forward in this market.

💼
Corporate Corridor Workers
Law, finance, and healthcare professionals along Poplar Avenue — live close to work in an established neighborhood.
🌲
Outdoor-Lifestyle Buyers
Shelby Farms Park right at the neighborhood's edge — trail access, kayaking, and 4,500 acres of green space.
🏡
Move-Up Buyers from Midtown
Taking equity from a Midtown bungalow into more space, an established neighborhood, and proximity to the professional corridor.
Local FAQ

Common questions about this area.

How does East Memphis differ from Germantown?
East Memphis is within Memphis city limits, closer to Downtown, and typically lower-priced than Germantown — while still delivering established neighborhood character and professional-class amenities.
What does $295K buy in East Memphis?
Typically a 4BD/3BA home on an established lot, potentially needing cosmetic updates but sound in structure. Updated homes at this size run $350K–$450K.
Is conventional financing required?
FHA is technically available at lower price points, but conventional is the standard tool in this market — buyers typically have 660+ credit and meaningful down payment savings.
Where is Shelby Farms Park?
Directly on East Memphis's eastern boundary — many neighborhoods in the 38117 zip code have trail access within a short walk or bike ride.
Nearby areas

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