Cooper-Young

Memphis, TN

Neighborhood Market Analysis

Q3 2025 Report
$340,000 (2025 estimate)
Median Home Price
82 (Very Walkable)
Walkability Score
Public schools are rated average to above average (Peabody Elementary: 7/10, Central High: 8/10). Private options are well regarded.
School Rating

Location Overview

Neighborhood Boundaries

East Parkway South (east), McLean Boulevard (west), Southern Avenue (south), L & N (now CSX) Railroad right-of-way (north, running east from Barksdale Street to East Parkway South and Central Avenue)

Zip Codes

38104

Market Data Summary

Price Range$260,000–$500,000+ (2024-2025)
Price per Sq Ft$210–$260/sq ft (2025)
Inventory LevelsLow to moderate; 1.5–2.2 months of supply, with seasonal upticks in spring and early fall.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesDuplexesOccasional small multifamily

Architectural Styles

Bungalow/CraftsmanSouthern cottageTudor RevivalColonial RevivalQueen AnneShotgunFour-squareSpanish Colonial RevivalArt ModerneMinimal/Traditional

Property Details

Typical Lot Sizes50'–60' frontage; 0.12–0.18 acres
Home Age Range1880–1941 (majority); some newer infill
Construction QualityGenerally solid, with many homes restored or updated; historic preservation standards apply in much of the district.

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix of young professionals, artists, families, and long-term residents. Median age ~36. High proportion of college-educated adults. LGBTQ+ friendly.

Community Vibe

Eclectic, creative, inclusive, and community-oriented. Strong neighborhood association and active local events calendar.

Typical Residents

  • Young professionals
  • Artists/creatives
  • Families with children
  • Empty nesters
  • Long-term residents

Family Friendly

Good for families seeking walkability, parks, and community events. Some homes are smaller, but larger bungalows and four-squares suit families.

Amenities & Lifestyle

Parks & Recreation

  • Peabody Park
  • Railgarten
  • Cooper-Young Community Garden

Dining Options

  • Café Ole
  • Soul Fish Café
  • Young Avenue Deli
  • Tsunami
  • Aldo’s Pizza

Shopping Centers

  • Local boutiques and vintage shops along Cooper and Young; larger retail at nearby Overton Square

Local Businesses

  • Cooper-Young Farmers Market
  • Indie Memphis Theater
  • Memphis Made Brewing
  • Burke’s Book Store

Education & Schools

Public schools are rated average to above average (Peabody Elementary: 7/10, Central High: 8/10). Private options are well regarded.
Overall School Rating

Elementary Schools

  • Peabody Elementary

Middle Schools

  • Idlewild Elementary (zoned for some areas)
  • Central High School (serves as middle/high for some)

High Schools

  • Central High School

Private Schools

  • Grace-St. Luke’s Episcopal School
  • Immaculate Conception Cathedral School

Transportation & Accessibility

Transit & Roads

Public Transit

  • MATA bus routes 2, 34, 36

Major Roads

  • Cooper St
  • Young Ave
  • East Parkway S
  • Southern Ave

Commute & Walkability

Commute Times10–15 minutes to Downtown Memphis; 20–25 minutes to Memphis International Airport.
WalkabilityExcellent for daily errands, dining, and nightlife.
ParkingOn-street parking is common; some homes have driveways or rear alley access. Parking can be tight during events.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Creative/arts community
  • Families seeking urban lifestyle
  • LGBTQ+ buyers
  • Investors

Key Selling Points

  • Historic architecture
  • Vibrant dining and nightlife
  • Strong sense of community
  • Walkability
  • Proximity to Downtown and Midtown cultural hubs

Pricing Considerations

Homes with modern updates and preserved historic features command a premium. Overpricing leads to longer days on market, even in a hot market.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Provide inspection reports, highlight recent renovations, and connect buyers with local contractors experienced in historic homes.

Objection: Limited parking, especially during events.

Response Strategy:

Emphasize walkability, bike-friendliness, and availability of rear alley parking or permit options.

Objection: Concerns about property crime.

Response Strategy:

Share neighborhood watch initiatives, crime statistics showing trends, and testimonials from residents about safety.

Objection: Smaller lot sizes and homes compared to suburbs.

Response Strategy:

Highlight efficient layouts, outdoor living spaces, and the benefits of low-maintenance yards.

Investment Insights

Investment Potential

Appreciation Potential

Strong, driven by demand for historic homes and walkable lifestyle. 5–7% annual appreciation projected through 2026.

Rental Demand

High, especially for renovated homes and duplexes. Popular with young professionals and medical students.

Buyer Competition

Intense for move-in ready and historic properties; multiple offers common in peak season.

Best For

  • Owner-occupants seeking character and walkability
  • Investors targeting long-term appreciation
  • Buyers valuing community and local culture

Potential Concerns

  • Older homes may require ongoing maintenance
  • Limited inventory
  • Parking challenges during events

Professional Recommendations

1

Emphasize historic charm and walkability in all marketing materials.

2

Leverage neighborhood events and local businesses for open houses and community tours.

3

Educate buyers on historic home ownership and available tax incentives.

4

Network with local contractors and preservation experts to assist buyers.

5

Stay updated on zoning and historic district guidelines to advise clients accurately.

Competitive Analysis

Comparable Markets

  • Overton Square
  • Central Gardens
  • Midtown Memphis

Market Positioning

Best suited for buyers seeking a lively, walkable, and creative urban neighborhood with historic character.

Competitive Advantages

  • Unique blend of historic charm and vibrant nightlife
  • Higher walkability than most Midtown neighborhoods
  • Strong community engagement

Price Comparison

Generally more affordable than Central Gardens, but higher than some other Midtown areas due to demand for walkability and amenities.

Investment Metrics

4.8–5.5% for single-family rentals (2025)
Cap Rates
5–6% gross annual yield
Rental Yields
17–19
Price-to-Rent
Positive for well-renovated homes, especially duplexes or homes with ADUs.
Cash Flow
5–7% annual appreciation expected through 2026, barring major economic shifts.
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by walkability, community, and nightlife; may need education on historic home maintenance.

Move-Up Buyers

Seek larger bungalows or four-squares; value character and location over new construction.

Downsizers

Appreciate smaller, low-maintenance homes and proximity to amenities.

Investors

Target duplexes or homes with ADUs for strong rental demand and appreciation.

Relocators

Drawn by neighborhood’s reputation, culture, and central location.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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