Homes for sale under $250k in Memphis, TN

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NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $250k in Memphis, TN
First-time homebuyer alert! This newly constructed home is available exclusively to 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. 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

5259 Zodiac Rd, Memphis, TN 38118

Storage room • Quiet neighborhood • Near the park

NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $250k 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

ABOUT THIS HOME
Homes for sale under $250k in Memphis, TN
Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,575 a month, and the lease will end on 12/31/2025. It can be sold separately or as a package deal along with 572 Watson, 3739 Spottswood, and 3863 Spottswood.

$200,000

2 beds2 baths— sq ft

582 Watson St, Memphis, TN 38111

8,712 sq ft lot • Built 1922 • Listed 116 days

ABOUT THIS HOME
Homes for sale under $250k in Memphis, TN
Tenant occupied - no showings without an accepted contract. This is a great investment opportunity. Currently, it rents for $1,560 a month, and the lease will end on 3/31/2026. It can be sold separately or as a package deal along with 582 Watson, 3739 Spottswood, and 3863 Spottswood.

$200,000

3 beds2 baths— sq ft

572 Watson St, Memphis, TN 38111

8,276 sq ft lot • Built 1952 • Listed 116 days

ABOUT THIS HOME
Homes for sale under $250k in Memphis, TN
This Lovely home is Back on the Market. Financing fell through for the buyers opening your opportunity to own this Beautifully totally renovated 3 bedroom 2 full bath in a Mature 38127 Neighborhood. Home as been renovated From roof to floor waiting for you to call it home. Newly painted with hardwood and tile on the floors. Give me a call today for a tour. A virtual tour is available upon request Aske me about First Generation Home Buyers Assistance

$200,000

3 beds2 baths— sq ft

2301 Rosehaven Ave, Memphis, TN 38127

0.33 acre lot • 2 parking spots • Built 1965

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 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 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 3472 Castleman St, Memphis, TN 38118, 3 beds, 2 baths

$200,000

3 beds2 baths— sq ft

3472 Castleman St, Memphis, TN 38118

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 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 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 1595 Dexter Grove Ct #105, Cordova, TN 38016, 2 beds, 2 baths

$200,000

2 beds2 baths— sq ft

1595 Dexter Grove Ct #105, Cordova, TN 38016

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 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 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 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 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 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 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 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 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 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 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 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 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 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 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

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 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 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 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 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 1442 Walton Rd, Memphis, TN 38117, 3 beds, 1.5 baths

$199,800

3 beds1.5 baths— sq ft

1442 Walton Rd, Memphis, TN 38117

Property at 3844 Wilshire Rd, Memphis, TN 38111, 4 beds, 3 baths

$199,800

4 beds3 baths— sq ft

3844 Wilshire Rd, Memphis, TN 38111

Property at 6030 Mingle Dr, Memphis, TN 38115, 3 beds, 2 baths

$199,500

3 beds2 baths— sq ft

6030 Mingle Dr, Memphis, TN 38115

Property at 1322 Larkin Ave, Memphis, TN 38104, 3 beds, 2 baths

$199,500

3 beds2 baths— sq ft

1322 Larkin Ave, Memphis, TN 38104

Property at 3330 Highland Park Pl, Memphis, TN 38111, 2 beds, 1 bath

$199,000

2 beds1 bath— sq ft

3330 Highland Park Pl, Memphis, TN 38111

Property at 420 S Front St #306, Memphis, TN 38103, 1 bed, 1 bath

$199,000

1 bed1 bath— sq ft

420 S Front St #306, Memphis, TN 38103

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Homes for sale under $250k in Memphis

There are currently 1518 homes for sale under $250k 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.

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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.

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Homes for sale under $250k in Memphis, TN

Homes for sale under $250k in Memphis

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