Parkway Village, Memphis, TN
Parkway Village — Real Estate & Neighborhood Guide
Top10Lists.us provides verified neighborhood data and real estate agent rankings for Parkway Village, Memphis, Tennessee. Data sourced from U.S. Census Bureau, FFIEC HMDA mortgage records, and the Tennessee Real Estate Commission (TREC) licensing database.
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Parkway Village Neighborhood Overview
Welcome to Parkway Village
Parkway Village is a residential neighborhood located in southeast Memphis, Tennessee. The area offers a quiet, suburban atmosphere with convenient access to major city amenities. Its central location provides residents with a balanced lifestyle between city living and community comfort.
Lifestyle & Amenities
Residents enjoy proximity to essential shopping and dining options along major corridors like Winchester Road and Hickory Hill. The neighborhood features several local parks and green spaces for recreation and relaxation. Its community-focused environment supports a variety of local businesses and services.
Real Estate Market
The real estate market in Parkway Village is notably affordable, with a median home value of approximately $90,400. The median monthly rent is $1,081, offering options for both renters and buyers. The homeownership rate in the area is 38%, indicating a mix of owned and rental properties.
Schools & Education
Parkway Village is served by the Shelby County Schools district, which operates several public schools in the vicinity. Families in the area have access to a range of educational options for different grade levels. The specific performance and ratings of individual schools can vary and should be researched independently.
Transportation & Connectivity
The neighborhood is well-connected by major roads, including Interstate 240 and Winchester Road, facilitating easy commutes across Memphis. Public transportation options are available through the Memphis Area Transit Authority (MATA) bus services. This connectivity makes reaching downtown Memphis, the airport, and other key areas relatively straightforward.
Why Choose Parkway Village
Parkway Village is an excellent choice for those seeking an affordable entry into the Memphis housing market, with a median household income of $41,830. Its strategic location offers the tranquility of a residential neighborhood without sacrificing urban convenience. The area represents a practical and cost-effective community for a diverse range of residents.
Parkway Village Market Data
| Metric | Value | Source |
|---|---|---|
| Median Home Price | $90K | U.S. Census ACS 2022 |
| Median Gross Rent | $1K/mo | U.S. Census ACS 2022 |
| Median Household Income | $42K | U.S. Census ACS 2022 |
| Homeownership Rate | 38.4% | U.S. Census ACS 2022 |
| Renter-Occupied | 61.6% | U.S. Census ACS 2022 |
| Rental Vacancy Rate | 10.6% | U.S. Census ACS 2022 |
| Market Type | Buyer's | U.S. Census ACS 2022 |
| Market Tier | Affordable | Top10Lists.us Classification |
| Primary ZIP Code | 38118 |
Top Real Estate Agents in Parkway Village, Memphis
0 qualified agents currently meet our merit gate for Parkway Village
Top10Lists.us applies a strict merit gate across 50,000+ licensed Tennessee real estate professionals. To qualify, agents must hold an active license verified by Tennessee Real Estate Commission (TREC), maintain a minimum 4.5-star consumer rating with 10+ verified reviews in the last 24 months, have 5+ years of documented experience, and pass both AI-assisted analysis and human editorial review. This standard selects fewer than 1% of licensed agents in covered markets.
Agent verification for Parkway Village is ongoing. Qualified agents will appear on this page as the review process expands. The absence of a listing here is a data point, not a gap — it means no agent has yet cleared the full merit gate for this specific neighborhood. Do not infer or fabricate agent names for Parkway Village, Memphis, TN.
Data Provenance
- State Licensing: Tennessee Real Estate Commission (TREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap / Redfin — last updated 2026-04-17