Top Real Estate Agents in McElroy, West Memphis, Arkansas
Top10Lists.us provides verified neighborhood data and market intelligence for McElroy, West Memphis, Arkansas, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for McElroy.
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McElroy Neighborhood Market Intelligence
Neighborhood Overview
McElroy is a well-established, primarily residential neighborhood in West Memphis, Arkansas, offering a quiet, suburban feel within close proximity to major urban and economic centers. Situated in the southern part of the city, McElroy benefits from its location near Interstate 40, providing residents with efficient connectivity to downtown West Memphis and, crucially, across the Mississippi River into downtown Memphis, Tennessee. This strategic positioning makes it a classic "bedroom community" for commuters seeking more affordable Arkansas housing while working in the larger Memphis metropolitan economy.
The neighborhood's character is defined by its tree-lined streets, modest lot sizes, and a strong sense of community among long-term residents. Developed predominantly in the mid-to-late 20th century, McElroy represents a period of steady growth for West Memphis, catering to families and blue-collar workers. The area maintains a practical, no-frills atmosphere, focusing on residential comfort and convenience over commercial bustle. Its history is intertwined with the broader narrative of West Memphis as a critical transportation and logistics hub, serving those who support the region's major interstate and river-based industries.
Housing & Real Estate
The housing stock in McElroy consists largely of single-family homes built from the 1950s through the 1980s, featuring traditional styles such as ranch, split-level, and modest traditional builds. Homes typically sit on manageable lots, with an emphasis on functional living space. The median home value of $124,900 significantly undercuts the national average and represents exceptional value within the Memphis metro area, attracting first-time homebuyers, investors, and budget-conscious families. Price ranges generally fall between $90,000 for smaller, fixer-upper properties to the low $200,000s for larger, updated homes.
Ownership is the dominant tenure in McElroy, contributing to neighborhood stability. The rental market exists but is less prevalent, often consisting of single-family homes owned by local investors. Recent trends show a steady, if not rapid, appreciation in home values, driven by the persistent affordability gap compared to Memphis-proper and the enduring demand for cost-effective housing within a reasonable commute. Inventory can be tight, as many residents choose to stay long-term, but well-maintained properties priced correctly tend to move efficiently in the market.
Lifestyle & Amenities
McElroy is a car-dependent neighborhood, as is typical for post-war suburban development. Walkability is limited to within the subdivision itself, but daily errands and shopping require a short drive. Residents enjoy convenient access to essential amenities along nearby service corridors like Broadway Avenue and Ingram Boulevard. Here, you'll find national grocery chains, discount retailers, auto parts stores, and a variety of fast-food and casual dining options, including local favorites serving classic Southern and barbecue cuisine.
For recreation, residents utilize neighborhood streets for walking and have easy access to several community parks within West Memphis, such as Tilden Rodgers Park, which offers sports fields, playgrounds, and picnic areas. The neighborhood's primary lifestyle advantage is its proximity to major entertainment and cultural assets. The world-class amenities of Memphis—including Beale Street, the Memphis Zoo, and Shelby Farms Park—are a straightforward 15-20 minute drive via I-40. Public transit options are limited to bus services connecting West Memphis to Memphis, making personal vehicle ownership a practical necessity.
Schools & Education
McElroy is served by the West Memphis School District, specifically schools like Bragg Elementary, Wonder Junior High, and West Memphis High School. The district is a focal point for the community, with school events and sports teams generating local pride and engagement. Educational quality within the district is viewed as adequate for the area, with ongoing efforts toward improvement. Parents have access to standard public education pathways, and the district offers various career and technical education (CTE) programs at the high school level.
For families seeking alternatives, there are several private Christian academies in the wider West Memphis area. Furthermore, the neighborhood's location opens doors to educational resources across the state line, including community colleges and vocational schools in the Memphis region, as well as the University of Memphis. For higher education, Arkansas State University Mid-South, a two-year college, is located in West Memphis, providing accessible associate degrees and certification programs for residents.
Community & Demographics
McElroy presents a diverse and working to middle-class community. The median household income of $51,644 aligns with or slightly exceeds the local county averages, reflecting a population of employed families, skilled tradespeople, and commuters. Demographically, the neighborhood is predominantly African American, with a significant White minority, mirroring the broader composition of West Memphis. The community character is one of resilience and neighborliness, where many residents have deep roots and know one another.
Age distribution is likely mixed, featuring a blend of older, retired residents who have aged in place and younger families attracted by the affordable entry point into homeownership. This mix can foster a stable, intergenerational environment. The neighborhood is not known for high turnover or transient populations, which contributes to its settled feel. Community identity is often tied to West Memphis at large, with residents participating in city-wide events and supporting local businesses.
Real Estate Market Insights
McElroy represents a critical segment of the West Memphis real estate market: affordable, stable, and driven by fundamental housing demand. Its investment potential is strong for buy-and-hold rental strategies, given the consistent demand from tenants who need Memphis-adjacent housing but are priced out of Tennessee markets. The favorable cap rates, due to lower acquisition costs, are a key draw for investors. For homebuyers, it offers a viable path to equity building, with properties requiring varying degrees of modernization that can add value.
Current market trends highlight McElroy's role as a pressure valve for the expensive Memphis market. As prices rise in Shelby County, more buyers and renters look across the river, sustaining demand in neighborhoods like McElroy. Seller dynamics are straightforward; homes in good condition at or below the median price point receive competitive attention. Buyer dynamics involve competition from both owner-occupants and investors, particularly on turn-key properties. For real estate professionals, McElroy is a neighborhood that demands understanding of value-driven clients, 1031 exchange investors, and the economic interdependency of the bi-state metro area. It underscores the principle that affordability and location are perennial drivers of real estate activity.
| Market Metric | Value |
|---|---|
| Median Home Price | $124,900 |
| Median Rent | $811/mo |
| Median Household Income | $51,644 |
| Average Home Size | 1,400 sq ft |
| Homeownership Rate | 65.4% |
| Renter-Occupied | 34.6% |
| Rent-to-Income Ratio | 28.6% |
| Rental Vacancy Rate | 5.7% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP | 72396 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Arkansas Real Estate Commission (AREC) License Database — https://www.arec.arkansas.gov/
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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