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NEIGHBORHOOD

Parkway Village-Oakhaven

Tennessee · Memphis · 41,038 residents · 38.563 sq mi
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The short version

Parkway Village-Oakhaven has notably lower household income than the US average, with a median household income of $46,661. Population has held roughly steady since 2024. 12% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $105,849. At a median age of 28.8, residents skew younger than the country as a whole. 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
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%
BARS: THIS PLACE · TICKS: 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%
Owner cost-burdened
32.1%
US average: 22.9%
Renter cost-burdened
52.1%
US average: 47.4%
Afford Score
2.3
RELATED:See current rent listings in Parkway Village-Oakhaven on RentDataNow
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)
Diversity Score53.7%(22,039)
2024
White, non-Hispanic4.6%(1,870)
Black72.6%(29,777)
Hispanic / Latino20.4%(8,352)
Asian0.7%(298)
Other1.8%(741)
Diversity Score53.7%(22,039)
Diversity Score
54
Section 05

Education

Bachelor's degree or higher
11.9%
US average: 35.6%
High school or higher
78.9%
US average: 89.6%
Graduate degree
2.9%
US average: 14.0%
Section 06

Commute & transportation

Average commute
19.6 min
US average: 26.5
Drive alone to work
78.8%
US average: 68.9%
Carpooled to work
12.6%
US average: 8.5%
Public transit
0.9%
US average: 3.2%
Worked from home
5.0%
US average: 15.0%
Walked to work
0.7%
US average: 2.4%
Biked to work
0.0%
US average: 0.4%
No vehicle available
7.3%
US average: 8.3%
Section 07

Work & employment

Unemployment rate
9.1%
US average: 5.2%
Labor force participation
64.1%
US average: 63.5%
Self-employed
8.9%
US average: 13.1%
Management & professional
20.0%
US average: 42.5%
Section 08

People & community

Male
47.5%
Female
52.5%
Foreign born
13.9%
US average: 14.1%
Veterans
3.9%
US average: 6.2%
With a disability
10.6%
US average: 13.3%
Uninsured
20.8%
US average: 8.4%
Broadband at home
87.1%
US average: 91.0%
English only at home
80.0%
US average: 77.7%
Spanish at home
17.7%
US average: 13.6%
Explore

Neighborhoods in Memphis

Berclair-Highland HeightsCordova-ApplingDowntownEast Memphis-Colonial-YorkshireHickory Ridge-South RiverdaleMidtownRaleighRiver Oaks-Kirby-BalmoralShelby Forest-FrayserWhite Haven-Coro LakeNeighborhoods in Memphis
Drill deeper

Places similar to Parkway Village-Oakhaven

University Heights (North)-Fordham
Pop 42,305
Bedford Park
Pop 49,148
Norwood
Pop 39,556
Allerton
Pop 33,067
Places similar to Parkway Village-Oakhaven
Head to head

Compare Parkway Village-Oakhaven side by side

PARKWAY VILLAGE-OAKHAVEN VS
University Heights (North)-Fordham
Income$46,024−1%
Home value$319,666+202%
Population42,305+3%
SEE FULL COMPARISON →
PARKWAY VILLAGE-OAKHAVEN VS
Bedford Park
Income$46,528same
Home value$537,530+408%
Population49,148+20%
SEE FULL COMPARISON →
PARKWAY VILLAGE-OAKHAVEN VS
Norwood
Income$51,566+11%
Home value$295,145+179%
Population39,556−4%
SEE FULL COMPARISON →
PARKWAY VILLAGE-OAKHAVEN VS
Allerton
Income$45,676−2%
Home value$567,638+436%
Population33,067−19%
SEE FULL COMPARISON →
Frequently asked

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.

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Containing area
Memphis

DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →