Parkway Village-Oakhaven is a neighborhood of 41,038 people in Memphis. The median age is 28.8, younger than the US median of 38.9. 12% of adults hold a bachelor's degree, below the 36% national rate. Owners hold 39% of the housing stock. 29.5% of people here live below the federal poverty line. Median home value sits at $105,849. These figures are approximated by combining the 11 census tracts that make up Parkway Village-Oakhaven; the Census Bureau does not tabulate data for neighborhoods directly.
At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 28.8
US median: 38.9
Less educated
12% hold a bachelor's degree
US average: 36%
Renter-heavy
39% owner-occupied
US average: 65%
Section 01
Population & growth
Total population
41,038
Population density
1,064 / sq mi
US average: 281
Median age
28.8
US average: 38.9
Land area
38.6 sq mi
Section 02
Income & economy
Median household income
$46,661
US average: $82,259
Per capita income
$22,228
US average: $44,673
Households earning $100K+
24.8%
US average: 53.3%
Poverty rate
29.5%
US average: 12.5%
Income inequality (Gini)
0.453
US average: 0.476
Workforce by industry, 2024
Finance & insurance18.8%
US avg: 5.9%
Professional, scientific, technical18.8%
US avg: 5.1%
Retail trade12%
US avg: 9.9%
Information10.6%
US avg: 10.8%
Wholesale trade7.3%
US avg: 6.9%
Transportation & warehousing4%
US avg: 2.2%
Other services2.3%
US avg: 6.7%
Public administration1.2%
US avg: 4.8%
Agriculture, forestry, fishing0.4%
US avg: 1.6%
Construction0.4%
US avg: 1.2%
Arts, entertainment, food0.3%
US avg: 1.9%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
Median home value
$105,849
US average: $376,019
Median gross rent
$1,202
US average: $1,442
Owner-occupied
38.9%
61.1% rent
Vacancy rate
18.1%
US average: 10.0%
Persons per household
2.99 people
US average: 2.54
Owner cost-burdened
32.1%
US average: 22.9%
Renter cost-burdened
52.1%
US average: 47.4%
Afford Score
2.3
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Section 04
Race & ethnicity
2024
White, non-Hispanic4.6%(1,870)
Black72.6%(29,777)
Hispanic / Latino20.4%(8,352)
Asian0.7%(298)
Other1.8%(741)
2024
White, non-Hispanic4.6%(1,870)
Black72.6%(29,777)
Hispanic / Latino20.4%(8,352)
Asian0.7%(298)
Other1.8%(741)
Diversity Score
54
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
How many people live in Parkway Village-Oakhaven, Memphis, Tennessee?
Parkway Village-Oakhaven, Memphis, Tennessee has about 41,038 residents according to the 2024 American Community Survey.
What is the median household income in Parkway Village-Oakhaven, Memphis, Tennessee?
The typical household in Parkway Village-Oakhaven, Memphis, Tennessee earns about $46,661 a year. Half of households make more than that, and half make less.
Is Parkway Village-Oakhaven, Memphis, Tennessee expensive?
In Parkway Village-Oakhaven, Memphis, Tennessee, the median home is worth about $105,849, and the typical rent is about $1,202 a month.
How educated are people in Parkway Village-Oakhaven, Memphis, Tennessee?
About 11.9% of adults age 25 and over in Parkway Village-Oakhaven, Memphis, Tennessee hold a bachelor's degree or higher.
What is the poverty rate in Parkway Village-Oakhaven, Memphis, Tennessee?
About 29.5% of people in Parkway Village-Oakhaven, Memphis, Tennessee live below the federal poverty line.
