Thomas St / Frayser Blvd median real estate price is $55,316, which is less expensive than 98.4% of Tennessee neighborhoods and 97.9% of all U.S. neighborhoods.
The average rental price in Thomas St / Frayser Blvd is currently $768, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.5% of Tennessee neighborhoods.
Thomas St / Frayser Blvd is a suburban neighborhood (based on population density) located in Memphis, Tennessee.
Thomas St / Frayser Blvd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Thomas St / Frayser Blvd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Thomas St / Frayser Blvd. The current real estate vacancy rate here is 29.1%. This is higher than the rate of vacancies in 93.7% 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.