Population 38,409 · Census ACS 2020–24
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Population and households in Parkway Village-Oakhaven
Household size in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.85 | 2.72 | 2.53 | 2.68 |
| 2010–14 | 3.17 | 2.74 | 2.57 | 2.73 |
| 2015–19 | 3.02 | 2.70 | 2.57 | 2.71 |
| 2020–24 | 3.04 | 2.65 | 2.53 | 2.65 |
| Change | +0.20 | −0.06 | +0.00 | −0.03 |
Parkway Village-Oakhaven is a place of big households: 3.04 people per home on average, compared with 2.65 nationally. Numbers like that usually point to plenty of families with kids. Household size has climbed from 2.85 in 2006–10, even as the national average fell. Only one other Memphis neighborhood has larger households.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 30.7 | 35.8 | 38.3 | 37.7 |
| 2010–14 | 29.1 | 36.7 | 39.2 | 38.6 |
| 2015–19 | 31.1 | 37.6 | 39.9 | 39.6 |
| 2020–24 | 29.1 | 37.7 | 39.9 | 40.1 |
| Change | −1.6 | +1.9 | +1.6 | +2.3 |
Parkway Village-Oakhaven is young: half of its residents are under 29.1, compared with a national median of 40.1. The population tilts toward young families with children. The median age has dropped from 30.7 in 2006–10, even as the national median rose. Only one other Memphis neighborhood is younger.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 29.1% | 17.3% | 12.2% | 12.3% |
| 2010–14 | 28.8% | 16.4% | 12.0% | 12.3% |
| 2015–19 | 28.3% | 15.6% | 11.6% | 11.6% |
| 2020–24 | 27.0% | 16.3% | 11.8% | 11.6% |
| Change | −2.1 pts | −0.9 pts | −0.4 pts | −0.6 pts |
Single parents head more than a quarter of households in Parkway Village-Oakhaven (27.0%), well above the national share of 11.6%. The single-parent share has fallen 2.1 points since 2006–10, a much bigger shift than nationally. Only one other Memphis neighborhood has a higher share of single-parent households.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Parkway Village-Oakhaven
Renters in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 46.7% | 34.7% | 30.4% | 33.3% |
| 2010–14 | 48.4% | 37.9% | 32.9% | 35.6% |
| 2015–19 | 54.4% | 40.0% | 33.7% | 36.0% |
| 2020–24 | 59.6% | 39.5% | 33.1% | 34.8% |
| Change | +13.0 pts | +4.8 pts | +2.6 pts | +1.5 pts |
Most households in Parkway Village-Oakhaven rent: 59.6% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. Among homeowners, 46.3% have no mortgage at all, above the national share of 39.8%. The renter share has risen 13.0 points since 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 20.5% | 12.1% | 11.5% | 11.4% |
| 2010–14 | 18.5% | 11.7% | 11.8% | 11.4% |
| 2015–19 | 19.3% | 11.6% | 11.8% | 11.1% |
| 2020–24 | 19.2% | 9.8% | 10.1% | 9.6% |
| Change | −1.3 pts | −2.3 pts | −1.4 pts | −1.8 pts |
Vacancy is high in Parkway Village-Oakhaven: 19.2% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Only one other Memphis neighborhood has a higher vacancy rate.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 1971 | 1980 | 1981 | 1974 |
| 2010–14 | 1970 | 1981 | 1982 | 1975 |
| 2015–19 | 1970 | 1981 | 1983 | 1977 |
| 2020–24 | 1972 | 1983 | 1986 | 1980 |
| Change | +0 | +3 | +6 | +6 |
Parkway Village-Oakhaven is a place of older homes: half were built before 1972, while the national median is 1980. That means established neighborhoods, and more houses that may need updating. Newer construction is concentrated in the center, while the west has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | $886 | $912 | $761 | $965 |
| 2010–14 | $903 | $991 | $837 | $1,040 |
| 2015–19 | $954 | $1,080 | $961 | $1,213 |
| 2020–24 | $1,281 | $1,428 | $1,286 | $1,571 |
| Change | +$395 | +$516 | +$526 | +$606 |
The median renter in Parkway Village-Oakhaven pays $1,281 a month for rent and utilities, below the national median of $1,571. Rents are up $395 a month from 2006–10, a 45% rise, a slower climb than the nation's. Rent takes 38.1% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched. Rents run highest in the northeast and lowest in the center.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Parkway Village-Oakhaven
Bachelor's degrees in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.4% | 25.5% | 23.9% | 28.4% |
| 2010–14 | 9.5% | 26.6% | 25.3% | 29.6% |
| 2015–19 | 11.1% | 28.0% | 27.9% | 32.1% |
| 2020–24 | 12.1% | 30.5% | 31.4% | 35.6% |
| Change | +2.7 pts | +5.0 pts | +7.5 pts | +7.2 pts |
College degrees are relatively uncommon in Parkway Village-Oakhaven: 12.1% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%. The share with a degree is up 2.7 points from 2006–10, in line with the national trend. Parkway Village-Oakhaven has the lowest share of college graduates of any Memphis neighborhood.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 76.1% | 84.8% | 83.3% | 84.9% |
| 2010–14 | 76.1% | 86.4% | 85.4% | 86.1% |
| 2015–19 | 78.3% | 87.8% | 87.6% | 87.7% |
| 2020–24 | 78.0% | 89.2% | 89.9% | 89.3% |
| Change | +1.9 pts | +4.4 pts | +6.6 pts | +4.3 pts |
More than one in five adults in Parkway Village-Oakhaven never finished high school, well above the national share: only 78.0% have a diploma or equivalent, against 89.3% nationally. Since 2006–10, the share with a diploma has risen 1.9 points, mirroring the country. Only one other Memphis neighborhood has a lower share of high school graduates.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Parkway Village-Oakhaven
| Period | Parkway Village-Oakhaven | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.5% | 10.1% | 8.6% | 8.1% |
| 2010–14 | 16.9% | 11.0% | 9.6% | 9.4% |
| 2015–19 | 10.9% | 7.1% | 5.4% | 5.6% |
| 2020–24 | 9.1% | 6.9% | 4.8% | 5.4% |
| Change | −4.4 pts | −3.2 pts | −3.8 pts | −2.7 pts |
Finding work has been harder in Parkway Village-Oakhaven: 9.1% of the labor force was out of work and looking, well above the national rate of 5.4%. Since 2006–10, unemployment has fallen 4.4 points, as it has nationally. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Parkway Village-Oakhaven compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Parkway Village-Oakhaven | 3.04 | 29.1 | 27.0% | 59.6% | 19.2% | 1972 | $1,281 | 12.1% | 78.0% | 9.1% |
| East Memphis-Colonial-Yorkshire | 2.44 | 36.7 | 14.2% | 43.3% | 11.4% | 1959 | $1,292 | 41.9% | 89.2% | 8.6% |
| Hickory Ridge-South Riverdale | 2.77 | 33.4 | 24.3% | 56.3% | 8.8% | 1984 | $1,532 | 19.5% | 89.7% | 9.5% |
| River Oaks-Kirby-Balmoral | 2.33 | 37.8 | 17.7% | 52.8% | 6.4% | 1983 | $1,415 | 43.8% | 92.0% | 4.3% |
| River Oaks | 2.27 | 40.4 | 9.3% | 45.6% | 8.0% | 1983 | $1,608 | 58.3% | 95.8% | 3.3% |
| White Haven-Coro Lake | 2.65 | 38.3 | 24.3% | 49.8% | 12.7% | 1968 | $1,100 | 18.2% | 86.9% | 14.2% |
| Midtown-Memphis | 2.06 | 39.0 | 13.1% | 55.5% | 15.2% | 1951 | $1,133 | 35.5% | 88.2% | 11.3% |
| Berclair-Highland Heights | 3.25 | 27.2 | 22.0% | 51.8% | 9.6% | 1956 | $1,078 | 14.5% | 68.5% | 6.7% |
| Windyke-Southwind | 2.86 | 34.9 | 19.1% | 54.4% | 8.7% | 1998 | $1,595 | 43.2% | 92.2% | 5.6% |
| Crosstown | 1.99 | 41.1 | 9.5% | 48.1% | 11.3% | 1945 | $1,089 | 45.4% | 90.1% | 6.2% |
| Medical District | 1.52 | 41.7 | 16.8% | 92.7% | 23.7% | 1968 | $856 | 17.0% | 78.1% | 7.4% |
All figures 2020–24.
Neighborhoods with similar populations: Greater Memorial, Houston, TX · West End, Tacoma, WA · Downtown Memphis, Memphis, TN · West Los Angeles, Los Angeles, CA · Country Club, Bronx, NY · West, Raleigh, NC · Greenwich Village, Manhattan, NY · Westgate Hts, Albuquerque, NM · Westland, Galloway, OH · Berryessa, San Jose, CA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Parkway Village-Oakhaven. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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