Cheap homes for sale & real estate in Jackson-University Area, TN

198 homes

Sort:

Recommended

ABOUT THIS HOME
Cheap Home for sale in Jackson-University Area, TN:
Here's your chance to own a renovated 4br 2ba w/ a 1br 1ba efficiency attached in Sherwood Forrest. Very close to U of M. The efficiency apartment is currently tenant occupied at $900/mo. The 4br 2ba is vacant and easy to show. Showing of the occupied unit will be only after accepted offer. Great house-hack opportunity!

$199,800

4 beds3 baths— sq ft

3844 Wilshire Rd, Memphis, TN 38111

Renovated • Tenant occupied • Efficiency apartment

ABOUT THIS HOME
Cheap Home for sale in Jackson-University Area, TN:
Welcome to 207 Marne St. , a charming Midtown Memphis bungalow blending timeless character with fresh updates. This 2-bed, 1-bath home invites you in with a spacious front porch featuring a classic swing and crisp white exterior. Inside, beautiful hardwood floors, stylish lighting, and abundant natural light create a warm, welcoming feel. The updated kitchen boasts butcher block countertops and modern finishes, while the refreshed bathroom features subway tile for a clean, chic look. Perfectly sized and thoughtfully improved, this home offers comfort, charm, and convenience in an ideal location—don’t miss it!

$219,000

2 beds1 bath— sq ft

207 Marne St, Memphis, TN 38111

Spacious front porch • Subway tile • 7,405 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in Jackson-University Area, TN:
REDUCED!!! Move in ready!!! Cute cottage home in sought after Sherwood Forest Subdivision. Great for first time homebuyer. Down Payment assistance may be available with local lenders. Recent interior paint and new laminate floor installed in bedroom. Close to schools, and interstate. Large fenced in back yard. Cute cottage home for first time homebuyer or investor. Lovely Sherwood Forest Walking distance to schools. Close to interstate.

$120,000

2 beds1 bath— sq ft

3580 Allandale Ln, Memphis, TN 38111

Close to interstate • New laminate floor • Parking

ABOUT THIS HOME
Cheap Home for sale in Jackson-University Area, TN:
Contract contingency View inside then deposit if continue. No wholesale, No Creative Financing, No seller financing, carry back or creative financing. Need Preapproval or Proof of fund before offers. For Investors ONLY. ALREADY LEASED FOR $1200 manage by owner over 2 years. Low taxes and insurance. Updated some of the Virtual Staging for you to see the potential of the property. Sellers Done all repairs Turnkeys for another Investors. Check with your loan originator about no income and no tax return verify program available. This will go for Debt Service Coverage Ratio

$134,900

2 beds1.5 baths— sq ft

635 N Merton Ave, Memphis, TN 38112

5,662 sq ft lot • Built 1930 • Listed 27 days

ABOUT THIS HOME
Cheap Home for sale in Jackson-University Area, TN:
Move right in! This one is the perfect bungalow walking distance to the University of Memphis. Cute home with two nice sized bedrooms, real hardwoods throughout and large kitchen. This is the one! Don't let it pass you by!!

$159,900

2 beds1 bath— sq ft

3747 Marion Ave, Memphis, TN 38111

Large kitchen • Real hardwoods • 9,147 sq ft lot

Property at 511 Ellsworth St, Memphis, TN 38111, 2 beds, 1 bath

$275,000

2 beds1 bath— sq ft

511 Ellsworth St, Memphis, TN 38111

Property at 3115 S Lafayette Cir, Memphis, TN 38111, 2 beds, 2 baths

$324,000

2 beds2 baths— sq ft

3115 S Lafayette Cir, Memphis, TN 38111

Property at 2659 Whitman Ave, Memphis, TN 38112, 4 beds, 2 baths

$194,900

4 beds2 baths— sq ft

2659 Whitman Ave, Memphis, TN 38112

Property at 537 Eastbourne Pl, Memphis, TN 38117, 2 beds, 2 baths

$330,000

2 beds2 baths— sq ft

537 Eastbourne Pl, Memphis, TN 38117

Property at 3001 Walnut Grove Rd #4, Memphis, TN 38111, 2 beds, 1 bath

$72,500

2 beds1 bath— sq ft

3001 Walnut Grove Rd #4, Memphis, TN 38111

Property at 3393 Carrington Rd, Memphis, TN 38111, 2 beds, 1 bath

$109,950

2 beds1 bath— sq ft

3393 Carrington Rd, Memphis, TN 38111

Property at 4472 Fair Meadow Rd S, Memphis, TN 38117, 3 beds, 2 baths

$279,000

3 beds2 baths— sq ft

4472 Fair Meadow Rd S, Memphis, TN 38117

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 232 Williford St, Memphis, TN 38112, 3 beds, 2 baths

$314,900

3 beds2 baths— sq ft

232 Williford St, Memphis, TN 38112

Property at 137 Perkins Ext, Memphis, TN 38117, 4 beds, 3.5 baths

$389,000

4 beds3.5 baths— sq ft

137 Perkins Ext, Memphis, TN 38117

Property at 234 Windover Grove Dr, Memphis, TN 38111, 3 beds, 3 baths

$394,500

3 beds3 baths— sq ft

234 Windover Grove Dr, Memphis, TN 38111

Property at 3392 Radford Rd, Memphis, TN 38111, 3 beds, 1 bath

$150,000

3 beds1 bath— sq ft

3392 Radford Rd, Memphis, TN 38111

Property at 780 N Trezevant St, Memphis, TN 38112, 3 beds, 2 baths

$170,000

3 beds2 baths— sq ft

780 N Trezevant St, Memphis, TN 38112

Property at 955 Goodman St, Memphis, TN 38111, 3 beds, 2 baths

$199,000

3 beds2 baths— sq ft

955 Goodman St, Memphis, TN 38111

Property at 3050 Portage Dr, Memphis, TN 38135, 3 beds, 2.5 baths

$338,815

3 beds2.5 baths— sq ft

3050 Portage Dr, Memphis, TN 38135

Property at 710 Hudson St N, Memphis, TN 38112, 4 beds, 2 baths

$169,900

4 beds2 baths— sq ft

710 Hudson St N, Memphis, TN 38112

Property at 3307 Guernsey Ave, Memphis, TN 38122, 3 beds, 1 bath

$114,900

3 beds1 bath— sq ft

3307 Guernsey Ave, Memphis, TN 38122

Property at 3547 Spottswood Ave, Memphis, TN 38111, 3 beds, 2 baths

$159,900

3 beds2 baths— sq ft

3547 Spottswood Ave, Memphis, TN 38111

Property at 3306 Macon Rd, Memphis, TN 38122, 3 beds, 2 baths

$159,900

3 beds2 baths— sq ft

3306 Macon Rd, Memphis, TN 38122

Property at 275 S Holmes Rd, Memphis, TN 38111, 3 beds, 2 baths

$314,900

3 beds2 baths— sq ft

275 S Holmes Rd, Memphis, TN 38111

Property at 206 S Reese St, Memphis, TN 38111, 4 beds, 2.5 baths

$365,000

4 beds2.5 baths— sq ft

206 S Reese St, Memphis, TN 38111

Property at 3704 Friar Tuck Rd, Memphis, TN 38111, 4 beds, 2 baths

$170,000

4 beds2 baths— sq ft

3704 Friar Tuck Rd, Memphis, TN 38111

Property at 706 Lester St, Memphis, TN 38112, 2 beds, 2 baths

$125,000

2 beds2 baths— sq ft

706 Lester St, Memphis, TN 38112

Property at 3687-3689 Spottswood Ave, Memphis, TN 38111, 6 beds, 4 baths

$310,000

6 beds4 baths— sq ft

3687-3689 Spottswood Ave, Memphis, TN 38111

Property at 2601 Jackson Ave, Memphis, TN 38108, 2 beds, 1 bath

$80,000

2 beds1 bath— sq ft

2601 Jackson Ave, Memphis, TN 38108

Property at 3244 Spottswood Ave, Memphis, TN 38111, 3 beds, 1 bath

$169,000

3 beds1 bath— sq ft

3244 Spottswood Ave, Memphis, TN 38111

Property at 304 Harrell St, Memphis, TN 38112, 4 beds, 2 baths

$160,000

4 beds2 baths— sq ft

304 Harrell St, Memphis, TN 38112

Property at 586 S Holmes St, Memphis, TN 38111, 2 beds, 1.5 baths

$225,000

2 beds1.5 baths— sq ft

586 S Holmes St, Memphis, TN 38111

Property at 991 Mcevers Rd, Memphis, TN 38111, 3 beds, 1 bath

$183,900

3 beds1 bath— sq ft

991 Mcevers Rd, Memphis, TN 38111

Property at 1305 Cherry Rd, Memphis, TN 38117, 4 beds, 2.5 baths

$223,400

4 beds2.5 baths1,929 sq ft

1305 Cherry Rd, Memphis, TN 38117

Listing provided by REALTRACS as Distributed by MLS Grid

Property at 4400 Poplar Ave #48, Memphis, TN 38117, 1 bed, 1.5 baths

$157,500

1 bed1.5 baths— sq ft

4400 Poplar Ave #48, Memphis, TN 38117

Property at 4400 Poplar Ave #45, Memphis, TN 38117, 1 bed, 1.5 baths

$167,500

1 bed1.5 baths— sq ft

4400 Poplar Ave #45, Memphis, TN 38117

Property at 3953 Central Ave, Memphis, TN 38111, 3 beds, 3 baths

$424,900

3 beds3 baths— sq ft

3953 Central Ave, Memphis, TN 38111

Property at 232 S Highland St #905, Memphis, TN 38111, 2 beds, 2 baths

$133,900

2 beds2 baths— sq ft

232 S Highland St #905, Memphis, TN 38111

Property at 232 S Highland St #601, Memphis, TN 38111, 2 beds, 1 bath

$125,000

2 beds1 bath— sq ft

232 S Highland St #601, Memphis, TN 38111

Property at 232 S Highland St #606, Memphis, TN 38111, 1 bed, 1 bath

$80,000

1 bed1 bath— sq ft

232 S Highland St #606, Memphis, TN 38111

Viewing page 2 of 5

Cheap Homes for Sale in Jackson-University Area

There are currently 198 cheap homes for sale in Jackson-University Area at a median listing price of $212K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Jackson-University Area stay on the market for 70 days and receive 1 offers. Popular neighborhoods include Downtown Memphis, East Memphis, High Point Terrace, Midtown, and Cordova. This map is refreshed with the newest listings in Jackson-University Area every 15 minutes.

In the past month, 38 homes have been sold in Jackson-University Area. In addition to houses in Jackson-University Area, there were also 36 condos, 2 townhouses, and 27 multi-family units for sale in Jackson-University Area last month. Find your dream home in Jackson-University Area 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 Jackson-University Area are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Jackson-University Area. If you're looking to sell your home in the Jackson-University Area area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Jackson-University Area 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 Jackson-University Area, TN

Nearby Neighborhoods

Cities

Nearby Neighborhoods with Cheap Homes

Nearby Cities with Cheap Homes

More to explore in Jackson-University Area, TN

How to buy a house in Jackson-University Area, 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 Thu Nov 27 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.