Locust Ridge Sq / Hickory Bend Rd median real estate price is $100,489, which is less expensive than 74.6% of Tennessee neighborhoods and 81.7% of all U.S. neighborhoods.
The average rental price in Locust Ridge Sq / Hickory Bend Rd is currently $1,044, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.6% of the neighborhoods in Tennessee.
Locust Ridge Sq / Hickory Bend Rd is an urban neighborhood (based on population density) located in Memphis, Tennessee.
Locust Ridge Sq / Hickory Bend Rd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Locust Ridge Sq / Hickory Bend Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Locust Ridge Sq / Hickory Bend Rd. The current real estate vacancy rate here is 20.6%. This is higher than the rate of vacancies in 86.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.