Housing in Parkway Village at a glance
- Population
- about 51,327
- Housing units
- about 21,816
- Median value, owner-occupied homes
- $119,000Memphis: $169,000 (-30%)
- Median gross rent
- $1,190 a monthMemphis: $1,181 (+1%)
- Owner-occupied homes
- 38.3%Memphis: 44.9%
- Homes built before 1980
- 73.8%
- Median year built
- 1972
South of the Memphis centre, Parkway Village leans toward older homes and rented housing. Homes older than 1980 account for 73.8% of the stock, with a median construction year of 1972, and 38.3% of households own, eighth of ten and under the 44.9% citywide. Value estimates of $119,000 fall 30% beneath the $169,000 Memphis-wide level. Rent of $1,190 is almost exactly the $1,181 city level, fifth of ten. Southeast reports a higher $155,000, though owners there are fewer, at 34.9%. University reports $282,000. East reports $338,000 with 63.4% owners, so both of those neighbours sit far above Parkway Village on value. The stock is older than Southeast's, where 39.1% of the homes are older than 1980, and newer than University's 81.3%. Rent in the district sits under Southeast's $1,250 as well as East's $1,430, which fits a district that ranks eighth of ten on value.
Questions about Parkway Village
What is the median home value in Parkway Village, Memphis?
$119,000 for owner-occupied homes, against $169,000 for Memphis as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Parkway Village?
$1,190 a month in gross rent (rent plus utilities paid by the renter), against $1,181 in Memphis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Parkway Village own or rent?
Most rent: 38.3% of occupied homes are owner-occupied, against 44.9% in Memphis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 14 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city.
Parkway Village is one of the 10 most populous of 14 memphis 3.0 planning districts of Memphis: estimated population about 51,327 (Payotte estimate: Census ACS 2020-2024 populations of the census tracts whose internal point lies inside the boundary; boundaries from City of Memphis GIS, Memphis 3.0 Planning Districts, consulted 2026-11-02).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Memphis as a whole. Home values are owners' estimates, not sale prices.
Near Parkway Village
The closest sectors of Memphis, by distance between population centres.
Other sectors of Memphis
Five trades, one spot each
Payotte lists one professional per trade in Parkway Village. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Parkway Village? Ask for your spot.