Best PlacesParkway Village-Oakhaven, Memphis, TN Best Neighborhoods
2026–2027 edition · Data updated July 2026
Every neighborhood in and around Parkway Village-Oakhaven, Memphis, scored on 40 measures of daily life and ranked to fit what matters to you. Several measures below read low, and the ranked lists name which ones. To work out which city fits you best, start with the best places to live tool.
Parkway Village-Oakhaven, Memphis ranks 5,861st of 5,983 U.S. neighborhoods on the BestNeighborhood index. It scores highest on state finances by a wide margin, and crime is the weak spot.
The best neighborhoods in Parkway Village-Oakhaven, Memphis
BestNeighborhood is the only ranking that scores 40 measures of daily life neighborhood by neighborhood and lets you re-weight every one of them yourself.
Parkway Village-Oakhaven, Memphis' strengths and weaknesses
Where Parkway Village-Oakhaven, Memphis ranks high
- State fiscal healthBetter than 98% of neighborhoods
- Cheap childcare$811 a month, better than 88% of neighborhoods
- State infrastructureBetter than 82% of neighborhoods
- Short commute19.8 minutes each way, better than 81% of neighborhoods
- Low income/sales/gas taxBetter than 77% of neighborhoods
Where Parkway Village-Oakhaven, Memphis ranks low
- Crime safetyBetter than only 1% of neighborhoods
- School gradeF, better than only 4% of neighborhoods
- Health outlookBetter than only 5% of neighborhoods
- Educational attainmentBetter than only 9% of neighborhoods
- BikingBetter than only 10% of neighborhoods
What it costs to buy a home in Parkway Village-Oakhaven, Memphis
A household needs to earn about $29,000 a year to comfortably buy the median Parkway Village-Oakhaven, Memphis home, at 20% down and today's 30-year rate. That is below the area's own median income of $47,281, so a typical household can afford the median home outright.
Where the monthly payment goes
Assumes a 20% down payment, a 6.6% 30-year fixed rate, and a 28% share of income going to the payment. The rate is the 2026-07-23 30-year fixed average, series MORTGAGE30US from the St. Louis Fed, which publishes Freddie Mac's weekly survey. Against the median home value, property tax uses Parkway Village-Oakhaven, Memphis' effective rate of 0.89%, and insurance is estimated at 0.4% of home value a year.
Renting versus buying
At today's prices, buying tends to cost more than renting for about the first 2 years, then pulls ahead as rent keeps rising and the mortgage builds equity. The chart tracks the running cost of each.
Who lives in Parkway Village-Oakhaven, Memphis
Parkway Village-Oakhaven, Memphis runs younger than the country, and households here run larger than average.
Residents by age
Racial and ethnic makeup has its own map. See the race and diversity map for Parkway Village-Oakhaven, Memphis.
Who works in Parkway Village-Oakhaven, Memphis, and how
Work in Parkway Village-Oakhaven, Memphis centers on transportation & warehousing and health care & social. Unemployment sits above the national rate, and the job base is shrinking.
Largest industries
How people get to work
- Drive or carpool 91%
- Work from home 6%
- Transit, walk, or bike 3%
Life in Parkway Village-Oakhaven, Memphis
Parkway Village-Oakhaven, Memphis has more restaurants and bars per resident than 79% of neighborhoods and more parkland per resident than 75% of neighborhoods. Dining, parks, and nightlife concentrates in some parts of Parkway Village-Oakhaven, Memphis and thins out in others, which the map shows.
What the weather is like in Parkway Village-Oakhaven, Memphis, month by month
Parkway Village-Oakhaven, Memphis sees roughly 65 pleasant days a year. July highs average about 93 degrees. January highs sit near 54, with lows near 32. The comfortable stretch runs March through May and October.
Show the monthly temperatures
| Month | Avg high | Avg | Avg low |
|---|---|---|---|
| January | 54° | 42° | 32° |
| April | 75° | 63° | 51° |
| July | 93° | 83° | 74° |
| October | 79° | 66° | 54° |
Flying in and out of Parkway Village-Oakhaven, Memphis
Memphis International sits about 3 miles away. It is a medium hub and boarded 2.4 million passengers in 2025, with 78 nonstop destinations.
The best schools in and around Parkway Village-Oakhaven, Memphis
Schools across Parkway Village-Oakhaven, Memphis average an F, better than 4% of neighborhoods.
Top elementary schools
- Pleasant Hill ElementaryA · 67% proficient
- Winchester ElementaryD− · 11% proficient
- Crump ElementaryD− · 11% proficient
Top middle schools
- Southaven Middle SchoolC · 32% proficient
- Colonial MiddleD− · 13% proficient
- Highland Oaks MiddleF · 11% proficient
Top high schools
- Southaven High SchoolC · 34% proficient
- Overton HighD · 22% proficient
- Whitehaven HighD · 22% proficient
Grades come from K-12 test scores, with scores projected for schools missing data. See every Parkway Village-Oakhaven, Memphis school and its grade on SchoolGrade.
Parkway Village-Oakhaven, Memphis measure by measure
Cards are ordered by how much each measure matters to you, so the ones you weighted highest come first. Expand to see every measure. Percentages compare Parkway Village-Oakhaven, Memphis against the other 5,982 neighborhoods.
Who Parkway Village-Oakhaven, Memphis suits
Common questions about living in Parkway Village-Oakhaven, Memphis
Is Parkway Village-Oakhaven, Memphis a good place to live?
Using BestNeighborhood's default rankings, Parkway Village-Oakhaven, Memphis ranks 5,861st of 5,983 neighborhoods. It scores highest on state finances, affordable childcare, and state infrastructure, and lowest on crime and the schools. How good it is for you depends on which of those you weight most, which the map lets you set.
Is Parkway Village-Oakhaven, Memphis expensive to live in?
The median home is worth $110,558. The overall cost of living runs about 28% below the national average. Set against a $47,281 median income, cost of living beats 28% of neighborhoods.
Is Parkway Village-Oakhaven, Memphis safe?
Parkway Village-Oakhaven, Memphis is safer than 1% of neighborhoods. Safety varies a lot by neighborhood. Crime costs an estimated $2,122 per resident a year.
What is the weather like in Parkway Village-Oakhaven, Memphis?
July highs average about 93 degrees, and January highs near 54 with lows near 32. That works out to about 65 pleasant days a year, more than 16% of neighborhoods.
Is Parkway Village-Oakhaven, Memphis good for families?
Schools beat 4% of neighborhoods, crime safety beats 1%, and childcare runs $811 a month.
Compare Parkway Village-Oakhaven, Memphis with other neighborhoods
Sources and methodology
Every measure on this page is scored for each neighborhood, then rolled up to Parkway Village-Oakhaven, Memphis. Scores are absolute rather than ranked, which means a 60 in Parkway Village-Oakhaven, Memphis represents the same real quantity as a 60 anywhere else, and the ranking is a weighted average of those absolutes. The map colors come from a national scale calibrated against a population weighted random sample of 5,000 neighborhoods. That absolute scoring is what no other places-to-live ranking does: it puts a single neighborhood, a town, a metro, and a state on one scale, so the same 40 measures answer both which metro to move to and which street inside it to buy on. Read the full methodology.
Parkway Village-Oakhaven, Memphis detail on BestNeighborhood maps:
- Walk Grade for Parkway Village-Oakhaven, Memphis: walkability, transit, and biking, measured on the real street network rather than by straight line distance.
- Noise in Parkway Village-Oakhaven, Memphis: road, rail, and aviation sound modeling calibrated against federal ground truth measurements.
- Conservative vs liberal map of Parkway Village-Oakhaven, Memphis: precinct level election results apportioned to neighborhoods.
- Mobile and cell coverage in Parkway Village-Oakhaven, Memphis: carrier by carrier coverage behind the cell score.
Parkway Village-Oakhaven, Memphis detail on related sites:
- CrimeGrade: neighborhood crime rates behind the crime safety score.
- ISPreports.org: provider by provider internet availability and advertised speeds.
- CoverageWatch: the car insurance premiums behind the cheap car insurance score.
Federal and public data:
- U.S. Census Bureau American Community Survey: income, home value, rent, vacancy, commute time and mode, educational attainment, home age, age structure, household type, industry, and race.
- NOAA Global Surface Summary of the Day: the daily station record behind the monthly temperatures and the pleasant-day count.
- FAA Passenger Boarding Data: airport size and annual passenger counts.
- Freddie Mac Primary Mortgage Market Survey: the 30-year fixed rate used in the cost-to-buy estimate.
- FBI Crime Data Explorer: reported offenses behind the tangible crime cost estimate.
- U.S. EPA Air Quality System: five year average air quality index.
- FEMA National Risk Index: expected annual loss from natural hazards.
- CDC PLACES: disease burden, preventable risk, and barriers to care.
- National Center for Education Statistics: school enrollment and assessment inputs behind the school grade.
- FCC National Broadband Map: internet and wireless availability.
- U.S. Bureau of Labor Statistics: employment and job growth behind the local economy score.
- Religious activity uses a proprietary religious signal measurement.
Your priorities
Move a slider to say how much a measure matters. Zero turns it off.