Affordable
Expensive
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These days, finding an affordable place to live in the Parkway Village-Oakhaven area can be challenging. Home prices in Parkway Village-Oakhaven are now at a median cost of $106,158, lower than the Memphis average of $244,390.
The average cost of rent is $1,281/mo in Parkway Village-Oakhaven, primarily driven by the current value of real estate in the Parkway Village-Oakhaven area. In Parkway Village-Oakhaven, 59.62% of households rent, and 46.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parkway Village-Oakhaven is $3,877 per month. Households that rent pay about 33.04% of their income on rent here. Parkway Village-Oakhaven’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- East Memphis-Colonial-Yorkshire, Memphis, TN: higher priced homes
- Hickory Ridge-South Riverdale, Memphis, TN: higher priced homes
- River Oaks-Kirby-Balmoral, Memphis, TN: higher priced homes
- River Oaks, Memphis, TN: higher priced homes
- White Haven-Coro Lake, Memphis, TN: higher priced homes
- Midtown-Memphis, Memphis, TN: higher priced homes
- Berclair-Highland Heights, Memphis, TN: less expensive homes
- Windyke-Southwind, Memphis, TN: higher priced homes
- Crosstown, Memphis, TN: higher priced homes
- Medical District, Memphis, TN: higher priced homes
Neighborhoods with Similar Populations
- Greater Memorial, Houston, TX: higher priced homes
- West End, Tacoma, WA: higher priced homes
- Downtown Memphis, Memphis, TN: higher priced homes
- West Los Angeles, Los Angeles, CA: higher priced homes
- Country Club, Bronx, NY: higher priced homes
- West, Raleigh, NC: higher priced homes
- Greenwich Village, Manhattan, NY: higher priced homes
- Westgate Hts, Albuquerque, NM: higher priced homes
- Westland, Galloway, OH: higher priced homes
- Berryessa, San Jose, CA: higher priced homes
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