Memphis, TN · Curated MLS Search

Affordable Homes in Memphis, TN

An editorially curated view of every active affordable homes listing in Memphis, TN. Updated in real time from the local MLS, presented without the noise.

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Memphis Market — Affordable Homes Comparison

Live MLS data — citywide vs. Affordable Homes

Memphis
Affordable Homes
inventory
Active Listings
3,269
2
Sold (Past 6 Mo.)
3,049
3
Under Contract
675
1
pricing
Avg. List Price
$244,168
$130,000
Cost / Sq. Ft.
$182
—
typical home
Living Area
3,155 ft²
—
Avg. Beds
3.0
3.0
Avg. Baths
1.8
1.5
Days on Market
135
74

Affordable Homes in Memphis: Market Data

Data as of (MLS snapshot; listings below update live)

Groome & Co Realtors' review of MLS data as of October 19, 2026 shows 2 active listings for Memphis affordable homes. Listings in this search do not come up often in Memphis. At the time, 1 more was pending, and 3 sold in the past six months. In a market this small, a listing alert is the most reliable way to hear about the next one.

Affordable Homes in Memphis, TN, October 19, 2026
MeasureValue
Active listings2
Under contract1
Sold, past six months3

Market questions

How many Memphis affordable homes are for sale?

There were 2 Memphis affordable homes for sale as of October 19, 2026, based on Groome & Co Realtors' review of MLS data.

How many Memphis affordable homes sold in the past six months?

3 Memphis affordable homes sold in the six months before October 19, 2026.

How many Memphis affordable homes are under contract?

As of October 19, 2026, 1 listing for Memphis affordable homes was under contract.

Listing data courtesy of the Memphis Area Association of REALTORS®.

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View All Memphis TN Affordable Homes Listings

1482 Wood Trail Cir, Memphis
$290,000
3 Beds ⋅ 2.1 Baths ⋅ 10233091 MLS
WELCOME TO ESTABLISHED RIVERWOOD FARMS LAKE AND TRAIL LIFESTYLE! Over 20K in BRAND NEW UPDATES!! This beautifully updated 3BR/2.5BA home offers a 2Car Garage, main level primary suite with great closet space. Enjoy BRAND-NEW windows throughout, stunning NEW MULTI-PANEL FOLDING GLASS DOORS opening to deck, NEW LVP flooring in all bedrooms, NEW tile in all bathrooms, NEW stained cabinet color w/brass hardware, NEW interior paint throughout, and NEW stair treads. Designed for indoor-outdoor living, the home features a two-tiered deck, patio and private, terraced backyard--PERFECT FOR ENTERTAINING with a Glass of Wine or RELAXING with a Good Book. Nestled in a pocket surrounded by larger homes, this home offers an exceptional opportunity to enjoy the neighborhood lifestyle at an AFFORDABLE PRICE! Easy to Show...with quick possession available!

1482 Wood Trail Cir, Memphis
1099 W Lexington Cir, Memphis
$109,999
3 Beds ⋅ 1 Baths ⋅ 10233061 MLS
This beautifully renovated Klondike home offers a chance to build roots, not just equity. Owner-occupant buyers may purchase for $109,999 through the Klondike Community Land Trust, a community-based model that keeps homes affordable over time, or buy at $150,000 at market rate with no restrictions. The Community Land Trust option includes a simple application, brief homebuyer training, and long-term affordability protections—making this a great fit for buyers who plan to live in the home and invest in the neighborhood’s future. If you’re looking for more than just a house—if you’re looking for a place to belong and build—this home may be the perfect fit.

1099 W Lexington Cir, Memphis
765 N Watkins St, Memphis
$134,999
3 Beds ⋅ 2 Baths ⋅ 10228204 MLS
This beautifully renovated Klondike home offers a chance to build roots, not just equity. Owner-occupant buyers may purchase for $134,999 through the Klondike Community Land Trust, a community-based model that keeps homes affordable over time, or buy at $180,000 at market rate with no restrictions. The Community Land Trust option includes a simple application, brief homebuyer training, and long-term affordability protections—making this a great fit for buyers who plan to live in the home and invest in the neighborhood’s future. If you’re looking for more than just a house—if you’re looking for a place to belong and build—this home may be the perfect fit.

765 N Watkins St, Memphis
3567 Daggett Rd, Memphis
$125,000
3 Beds ⋅ 1 Baths ⋅ 10227469 MLS
Looking for an affordable home or your next investment opportunity? This 3-bedroom, 1-bath home offers several recent updates, including fresh interior paint, a new roof (2023), water heater (2023), and new attic insulation for improved energy efficiency. Previously rented for $1,350 per month, this property has a proven rental history and strong income potential. The seller will install a new condenser prior to closing, and with a full-price offer, will provide a stove. Owner-occupant buyers may qualify for down payment assistance or grant programs due to the property’s census tract location. Whether you’re searching for your first home or adding to your investment portfolio, this versatile property is one you won’t want to miss. Schedule your showing today!

3567 Daggett Rd, Memphis
2300 Forest Grove Cv, Memphis
$640,000
5 Beds ⋅ 3.1 Baths ⋅ 10220584 MLS
If you crave a classic, timeless home filled with charm and character, then stop looking and come see this immaculate East Memphis home located in the heart of Kirby Woods! Tastefully updated while preserving traditional overtones, your shoulders will surely relax as you walk in the door because you’ll immediately feel comfortable and at home. All of the rooms are spacious and functional. Large windows allow plenty of natural light and beautiful views while the hardwood floors throughout provide richness and warmth. There are two primary bedrooms, one up and one down. It also offers a downstairs office with private entrance. This home sits on almost a half acre park-like lot with a fenced backyard that includes patios for entertaining. This is one of those picture perfect homes that rarely come available at an affordable price. Don’t miss your chance to call this house your home! Open House Saturday May 2nd 11am-1pm

2300 Forest Grove Cv, Memphis
1287 S Parkway Ave, Memphis
$134,900
4 Beds ⋅ 2 Baths ⋅ 10218020 MLS
Welcome to 1287 S Parkway in Memphis, TN 38106—a spacious 4-bedroom home in South Memphis offering 2,900 plus square feet of living space. This large Memphis home is perfect for buyers seeking affordable housing in Memphis, multi-generational living, or a strong investment property opportunity. Featuring a flexible layout with generously sized rooms, this property is ideal for a large family home, rental property, or fix-and-flip investment. With its size and bedroom count, updated water heater, HVAC system and roof, it stands out among other homes for sale in 38106. Conveniently located just minutes from downtown Memphis, this home offers quick access to major highways, bus lines, and local amenities—making it attractive for both homeowners and investors looking for cash flow property in Memphis TN. Whether you're searching for a turnkey home, value-add opportunity, or Memphis investment property, this one delivers space, location, and potential.

1287 S Parkway Ave, Memphis
1111 N Watkins Ave, Memphis
$180,000
4 Beds ⋅ 2 Baths ⋅ 10214942 MLS
This beautifully renovated Klondike home offers a chance to build roots, not just equity. Owner-occupant buyers may purchase for $125,000 through the Klondike Community Land Trust, a community-based model that keeps homes affordable over time, or buy at $175,000 at market rate with no restrictions. The Community Land Trust option includes a simple application, brief homebuyer training, and long-term affordability protections—making this a great fit for buyers who plan to live in the home and invest in the neighborhood’s future. If you’re looking for more than just a house—if you’re looking for a place to belong and build—this home may be the perfect fit.

1111 N Watkins Ave, Memphis
5680 Burnette Cv, Memphis
$122,100
3 Beds ⋅ 2 Baths ⋅ 10196101 MLS
Three bedroom two bathroom home in 38115 area that is priced to sell. One of the most affordable detached homes in the entire area. Home has covered parking, large backyard, open floor plan (perfect for entertaining), and located on a quiet cove. Tenant just moved out. Roof appears to be in good shape too. Once fixed up this home could easily sell for $160K or more. Could be a great primary residence or investment property. Please do all inspections up front. Seller prefers cash offers. Utilities are on. No wholesalers, no owner financing, no creative financing offers please. Home will not go FHA (needs cosmetic repairs). Being sold as-is.

5680 Burnette Cv, Memphis
1872 Danville Ave, Memphis
$115,500
3 Beds ⋅ 2 Baths ⋅ 10190320 MLS
Investors only! Wonderful tenant occupied home that has 3 bedrooms 2 bathrooms in Colonial Acres. This could be a great addition to your rental portfolio. Home is professionally managed and rented at $1095. This is one of the most affordable 3 bedroom 2 bathroom homes in 38117 zip code. Please do not disturb or approach a tenant. Home is professionally managed---lease, ledger, repair history available upon request. Home has hardwood floors and a nice layout. No sign, make offer contingent on interior inspection. No wholesalers, no assignments, no owner financing, no creative financing or subject to. Photos were taken before the tenant moved inside and may not be indicative of current condition.

1872 Danville Ave, Memphis
883 N Watkins St, Memphis
$225,000
3 Beds ⋅ 2.1 Baths ⋅ 10188918 MLS
PRICE REDUCED!!! MOVE-IN READY!!! Explore the beautiful new homes on Watkins Street in the historic Stonewall. This affordable new construction offers a spacious split floor plan, granite counters, 10ft ceilings, and 8ft exterior doors. Enjoy a covered extended porch and porte co·chère driveway. With 3 bedrooms, 2.5 baths, a great room, separate laundry, and plenty of natural light. Appliances include a stove, microwave, dishwasher, and Generac generator. Many home buyer opportunities available-Schedule your visit today!

883 N Watkins St, Memphis
855 N Watkins St, Memphis
$230,000
3 Beds ⋅ 2.1 Baths ⋅ 10188914 MLS
PRICE REDUCED!!! MOVE-IN READY...Explore the beautiful new homes on Watkins Street in the historic Stonewall-Klondike! This affordable new construction offers a spacious split floor plan, granite counters, 10ft ceilings, and 8ft exterior doors. Enjoy a covered extended porch and Porte co·chère driveway. With 3 bedrooms, 2.5 baths, a great room, separate laundry, and plenty of natural light. Appliances include a stove, microwave, dishwasher, and Generac generator. Many home buyer opportunities available-Schedule your visit today!

855 N Watkins St, Memphis
877 N Watkins St, Memphis
$225,000
3 Beds ⋅ 2.1 Baths ⋅ 10188913 MLS
PRICE REDUCED!!! MOVE-IN READY!!! Explore the beautiful new homes on Watkins Street in the historic Stonewall-Klondike. This affordable new construction offers a split floor plan, open concept, granite counters, 10ft ceilings, and 8ft exterior doors. Enjoy a covered extended porch and porte co·chère driveway. With 3 bedrooms, 2.5 baths, a great room, separate laundry, and plenty of natural light. Appliances include a stove, microwave, dishwasher, and Generac generator. Many home buyer opportunities available-Schedule your visit today!

877 N Watkins St, Memphis
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