Homes for sale under $200k in Memphis, TN

1,237 homes

Sort:

Price (high to low)

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
This very spacious home 3-bedroom, 2 bath, huge den, separate dining room, living room, huge office, eat-in kitchen, laundry room, fenced back yard for privacy. Central A. C only one year old. New paint inside and outside, sewage system, flooring and window Blinds throughout the home, less than 2 years old. Bathroom updated. Wooddale Middle and High school across the street. Sellers are in the process of moving. Storage building will not stay. Bring all your offers, this one will not last!!

$200,000

3 beds2 baths— sq ft

3472 Castleman St, Memphis, TN 38118

Fenced back yard • Storage building • New paint

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
This home is like new inside. It has new laminated floors, freshly painted throughout, new kitchen cabinets, everything new in bathroom, new heating and air systems, new windows and wrought iron doors. A new wood fence is being erected around the huge back yard. This property is zoned commercial, but can and is being used as residential as confirmed by the Memphis & Shelby County Code Enforcement Office.

$200,000

3 beds1 bath— sq ft

3094 Park Ave, Memphis, TN 38111

New wood fence • New kitchen cabinets • New laminated floors

NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
First-time homebuyer alert! This newly constructed home is available exclusively to low to moderate-income first-time homebuyers. No investors. 4-bedroom, 2-bath home with a 1-year builder warranty located in a quiet neighborhood in the Oakhaven area. Features 9-foot ceilings, wood laminate flooring throughout, and a storage room in the carport. The range/oven, dishwasher, and microwave will be installed before closing. One-year builder warranty. Downpayment assistance is available. Home is near the park, which is great for leisure walks and family outings. Just 10 minutes away from the Southaven area for great shopping and eating.

$200,000

4 beds2 baths— sq ft

5243 Zodiac Rd, Memphis, TN 38118

Storage room • Quiet neighborhood • Near the park

NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
First-time homebuyer alert! This newly constructed home is available exclusively to low-to-moderate-income first-time homebuyers. NO INVESTORS! 4-bedroom, 2-bath home with a 1-year builder warranty located in a quiet neighborhood in the Oakhaven area. Features 9-foot ceilings, wood laminate flooring throughout, and a storage room in the carport. The range/oven, dishwasher, and microwave will be installed before closing. One-year builder's warranty. Downpayment assistance is available. Home is near the park, which is great for leisure walks and family outings. Just 10 minutes away from the Southaven area for great shopping and eating.

$200,000

4 beds2 baths— sq ft

5249 Zodiac Rd, Memphis, TN 38118

Storage room • Quiet neighborhood • Near the park

ABOUT THIS HOME
Homes for sale under $200k in Memphis, TN
Rare opportunity to own one of only 10 exclusive units in this 55+ gated community! This refreshed 2BR/2BA condo features new carpet & paint, a spacious kitchen pantry, and a primary suite with a walk-in closet. Roof replaced in 2024. Added stationary attic stairs lead to a large storage area. Refrigerator, washer & dryer remain 'as is. ' Enjoy a low-maintenance lifestyle with HOA covering exterior upkeep, plus a backyard patio with motorized awning. Private, convenient, and move-in ready!

$200,000

2 beds2 baths— sq ft

1595 Dexter Grove Ct #105, Cordova, TN 38016

Gated community • Large storage area • Backyard patio

Property at 5259 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5259 Zodiac Rd, Memphis, TN 38118

Property at 1253 S Barksdale St, Memphis, TN 38114, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

1253 S Barksdale St, Memphis, TN 38114

Property at 3863 Spottswood Ave, Memphis, TN 38111, 3 beds, 1 bath

$200,000

3 beds1 bath— sq ft

3863 Spottswood Ave, Memphis, TN 38111

Property at 3256 N Waynoka Cir, Memphis, TN 38111, 3 beds, 1 bath

$200,000

3 beds1 bath— sq ft

3256 N Waynoka Cir, Memphis, TN 38111

Property at 572 Watson St, Memphis, TN 38111, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

572 Watson St, Memphis, TN 38111

Property at 3620 Archwood Dr, Memphis, TN 38128, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

3620 Archwood Dr, Memphis, TN 38128

Property at 5283 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5283 Zodiac Rd, Memphis, TN 38118

Property at 582 Watson St, Memphis, TN 38111, 2 beds, 2 baths

$200,000

2 beds2 baths— sq ft

582 Watson St, Memphis, TN 38111

Property at 5263 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5263 Zodiac Rd, Memphis, TN 38118

Property at 648 Riverside Dr #309, Memphis, TN 38103, 1 bed, 1 bath

$200,000

1 bed1 bath— sq ft

648 Riverside Dr #309, Memphis, TN 38103

Property at 200 Wagner Pl #507, Memphis, TN 38103, 1 bed, 1 bath

$200,000

1 bed1 bath— sq ft

200 Wagner Pl #507, Memphis, TN 38103

Property at 5253 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5253 Zodiac Rd, Memphis, TN 38118

Property at 5020 Gardenwood Dr, Memphis, TN 38116, 4 beds, 3 baths

$200,000

4 beds3 baths— sq ft

5020 Gardenwood Dr, Memphis, TN 38116

Property at 1778 Evelyn Ave, Memphis, TN 38114, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

1778 Evelyn Ave, Memphis, TN 38114

Property at 2301 Rosehaven Ave, Memphis, TN 38127, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

2301 Rosehaven Ave, Memphis, TN 38127

Property at 505 Tennessee St #407, Memphis, TN 38103, 1 bath

$200,000

0 beds1 bath— sq ft

505 Tennessee St #407, Memphis, TN 38103

Property at 5273 Zodiac Rd, Memphis, TN 38118, 4 beds, 2 baths

$200,000

4 beds2 baths— sq ft

5273 Zodiac Rd, Memphis, TN 38118

Property at 638 Peyton Cir, Memphis, TN 38107, 2 beds, 2 baths

$199,999

2 beds2 baths— sq ft

638 Peyton Cir, Memphis, TN 38107

Property at 4886 Bilco Ave, Memphis, TN 38109, 5 beds, 3 baths

$199,999

5 beds3 baths— sq ft

4886 Bilco Ave, Memphis, TN 38109

Property at 4785 Dianne Dr, Memphis, TN 38116, 4 beds, 2 baths

$199,901

4 beds2 baths1,732 sq ft

4785 Dianne Dr, Memphis, TN 38116

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 2907 Walker Ave, Memphis, TN 38111, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

2907 Walker Ave, Memphis, TN 38111

Property at 915 Garland St, Memphis, TN 38107, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

915 Garland St, Memphis, TN 38107

Property at 3831 Innsbrook Dr, Memphis, TN 38115, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

3831 Innsbrook Dr, Memphis, TN 38115

Property at 1560 Cranford Dr, Memphis, TN 38117, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

1560 Cranford Dr, Memphis, TN 38117

Property at 5718 Quince Rd #1, Memphis, TN 38119, 2 beds, 2 baths

$199,900

2 beds2 baths— sq ft

5718 Quince Rd #1, Memphis, TN 38119

Property at 9761 Misty Bay Cv, Arlington, TN 38002, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

9761 Misty Bay Cv, Arlington, TN 38002

Property at 830 Colonial Rd, Memphis, TN 38117, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

830 Colonial Rd, Memphis, TN 38117

Property at 4764 Eagle Crest Dr #4002, Memphis, TN 38117, 2 beds, 1.5 baths

$199,900

2 beds1.5 baths— sq ft

4764 Eagle Crest Dr #4002, Memphis, TN 38117

Property at 1867 Jefferson Ave #1867, Memphis, TN 38104, 2 beds, 2.5 baths

$199,900

2 beds2.5 baths— sq ft

1867 Jefferson Ave #1867, Memphis, TN 38104

Property at 5340 Shady Ridge Cv, Memphis, TN 38141, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

5340 Shady Ridge Cv, Memphis, TN 38141

Property at 1820 W Holmes Rd, Memphis, TN 38109, 3 beds, 1.5 baths

$199,900

3 beds1.5 baths— sq ft

1820 W Holmes Rd, Memphis, TN 38109

Property at 2894 Midland Ave, Memphis, TN 38111, 2 beds, 1.5 baths

$199,900

2 beds1.5 baths— sq ft

2894 Midland Ave, Memphis, TN 38111

Property at 1339 Mullins Station Rd, Memphis, TN 38134, 4 beds, 1.5 baths

$199,900

4 beds1.5 baths— sq ft

1339 Mullins Station Rd, Memphis, TN 38134

Property at 657 N Holmes St, Memphis, TN 38122, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

657 N Holmes St, Memphis, TN 38122

Property at 788 N N Hollywood St, Memphis, TN 38112, 4 beds, 2 baths

$199,900

4 beds2 baths— sq ft

788 N N Hollywood St, Memphis, TN 38112

Property at 1519 S White Station Rd, Memphis, TN 38117, 3 beds, 2 baths

$199,900

3 beds2 baths— sq ft

1519 S White Station Rd, Memphis, TN 38117

Viewing page 1 of 9

Homes for sale under $200k in Memphis

There are currently 1237 homes for sale under $200k in Memphis. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Memphis stay on the market for 77 days and receive 1 offers. Popular neighborhoods include Downtown Memphis, East Memphis, Midtown, Cordova, and Mud Island. This map is refreshed with the newest listings in Memphis every 15 minutes.

In the past month, 502 homes have been sold in Memphis. In addition to houses in Memphis, there were also 345 condos, 57 townhouses, and 104 multi-family units for sale in Memphis last month. Memphis is a minimally walkable city in Shelby County with a Walk Score of 35. Memphis is home to approximately 647,889 people and 401,774 jobs. Find your dream home in Memphis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Memphis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Memphis. Our Memphis real estate stats and trends will give you more information about home buying and selling trends in Memphis. If you're looking to sell your home in the Memphis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Memphis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for Memphis, TN

More to explore in Memphis, TN

Featured
Price

How to buy a house in Memphis, TN

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in Tennessee

Based on information submitted to the MLS GRID as of Sun Nov 30 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

Homes for sale under $200k in Memphis, TN

Homes for sale under $200k in Memphis

More real estate resources for Memphis, TN

Neighborhoods

Nearby Cities

Zip Codes

More to explore in Memphis, TN

How to buy a house in Memphis, TN

Popular Markets in Tennessee