$150,917Average Value$242Average Price per Sq Ft65Homes For Sale
Suburban living near Memphis’s industrial hub
In Parkway Village, towering oak and hickory trees canopy over quiet residential streets, granting shade for summer strolls and painting the skies with rich greens and yellows each fall. Located in southeast Memphis, the suburb features single-family homes with a comparatively lower price point than surrounding areas. “The affordability of houses brings people here,” says Monica Bynum, a Realtor with Crye-Leike who has been selling homes in the area for over seven years. “For people who work, the interstate and industrial centers are also close.” The community sits just south of Interstate 40 alongside the Memphis International Airport and FedEx World Hub, offering residents quicker commutes and proximity to local employers.
Many trees line the streets of neighborhoods in Parkway Village.
FedEx World Hub located in Parkway Village is a major employer in the Memphis area.
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Ranch-style homes with brick exteriors
The neighborhood is densely populated with single-family homes built around the mid-1900s. “These are traditional-style houses, with most going for around $150,000,” Bynum says. “You have owner-occupiers and a lot of investors as well.” The vast majority of houses are single-story and sit side-by-side on modest lots with an average size of about 9,000 square feet. Three-bedroom ranch-style homes with brick exteriors and attached carports are common, with prices ranging from about $85,000 to $175,000. New construction built in the early 2020s can be found in the eastern portion of Parkway Village, with three-bedroom modern bungalows starting at around $225,000.
Ranch-style homes with brick exteriors and attached carports are common in Parkway Village.
Cozy bungalow-style homes are sprinkled throughout Parkway Village.
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Access to thoroughfares and public transportation
Parkway Village is located just south of Interstate 240, which connects to Interstate 40 to form a contiguous beltway around Memphis. The neighborhood is also located 15 miles southeast of Downtown Memphis, and Route 36 of the Memphis Area Transit Authority bus connects to the city center after making several stops along American Way. For longer trips, residents are conveniently located about 5 miles from the Memphis International Airport. The BNSF Railway runs diagonally through Parkway Village, and the sound of freight trains passing through can often be heard.
Catch I-240 just to the north of Parkway Village for destinations East and West.
Catch a bus from any major road in Parkway Village.
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Low student-teacher ratio in Shelby County schools
Children in the area attend the Shelby County School District, which has an average student-teacher ratio of 16-to-1. Younger kids in grades K-5 may begin their education at Sheffield Elementary School before moving on to American Way Middle School. Teens may attend Sheffield High School, where students can take hands-on courses in coding, cosmetology, culinary arts and more at the Sheffield Career and Technology Center. All three schools earned a grade of C-minus from Niche. The county follows a General Choice Transfer process, meaning that students can apply to attend other public schools outside of their assigned pathway. The neighborhood contains several options, including public charter schools such as the Memphis School of Excellence, which serves grades 6-12.
Sheffield High is a public high school located in the heart of Parkway Village.
Sheffield Elementary School in Parkway Village has a student-teacher ratio of 16 to 1.
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Big-box retailers and local spots
Shopping centers in Parkway Village provide residents with quicker access to big-box retailers and local restaurants. For the necessities, the Village Plaza includes Walgreens and Save A Lot, one of several grocery stores in the area. Most of the neighborhood’s commercial activity is centered around American Way, where the line extends down the street at Taco Nganas, a Mexican food truck known for its homemade consommé and cold Jarritos sodas. Down the street, locals can stop by the Prohibition Lounge for a vibrant nightlife atmosphere complete with live music. Further south along Lamar Avenue, Marvin’s Hot Kitchen and Deli serves homestyle soul food platters.
TACOnganas located on Perkins Rd in Parkway Village was voted the best tacos in Memphis.
Prohibition Lounge in Parkway Village is a popular spot for nightlife and live music.
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Explore playgrounds, sports courts and community centers
Several green spaces are scattered throughout Parkway Village, including the McFarland Park and Community Center. Outside, kids can explore a playground with vibrant rubber surfacing and in the warmer months, they can cool off at the splash pad. Inside, the community center features an indoor basketball court, fitness facilities, an art studio and more. The center also offers summer camps, youth team sports and educational programming to residents. A bit further south, locals frequent Walter K. Singleton Park, which has a playground, sandlot-style ballfield and a tennis center with eight lighted courts.
Kids imaginations can soar on the playground at McFarland Community Center in Parkway Village.
Walter K. Singleton Park located in Parkway Village is a 10 acre park with 8 Tennis Courts and a ball field.
Work on your backswing at Walter K Singleton Park Tennis Courts in Parkway Village.
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Celebrate Halloween at local haunted houses
Each fall, locals gather in the Trolley Station Shopping Center for HauntedWeb, a seasonal attraction featuring four haunted houses. The event also includes a family-friendly fall festival with carnival games, local food trucks and trick-or-treating.
Proximity to the FedEx World Hub
Parkway Village is home to the FedEx World Hub, an expansive shipping facility located alongside the Memphis International Airport. The airport is the second-busiest cargo airport in the world, and FedEx employs over 11,000 people at its Memphis hub.
The FedEx World Hub is located on the northwest side of Parkway village.
Memphis International Airport lies on the west side of Parkway Village.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Michelle Shaver,
an experienced agent in this neighborhood.
Parks in this Area
Arthur Halle Stadium
Basketball
Football
Playground
Oakhaven Park
Football
Picnic Area
Playground
Robert O'Brien Park
Grills
Picnic Area
Soccer
American Way Park
Walter K Singleton Park
Charjean Park
Baseball/Softball
Basketball
Grills
Raines Road Park
Baseball/Softball
Grills
Picnic Area
Mooney Park
Baseball/Softball
Grills
Picnic Area
Crime and Safety
1 - Low Crime, 10 - High Crime
Parkway Village
US
Homicide
7
4
Sexual Assault
6
4
Assault with Weapon
8
4
Robbery
6
4
Burglary
6
4
Motor Vehicle Theft
6
4
Larceny
4
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Parkway Village Demographics and Home Trends
On average, homes in Parkway Village, Memphis sell after 58 days on the market compared to the national average of 70 days. The median sale price for homes in Parkway Village, Memphis over the last 12 months is $396,500.
Call your favorite Real Estate Agent now and schedule an appointment to tour this lovely home! 3 bedrooms, 2 bathrooms, spacious kitchen with dining area. Separate Laundry Room. Beautiful pool. Private backyard for relaxing. Seller requests only pre approved buyers tour the home. Llame su Agente de Bienes Raices favorito y programar una cita a ver esta casa. 3 dormitorios, 2 banos, amplia
A Memphis gem with flexible living and timeless charm. This spacious 4-bedroom, 3-bath Memphis home is move-in ready and waiting for new energy. Newly refinished hardwood floors, fresh paint throughout, and a brand-new dishwasher, this property blends charm with modern updates. The plumbing has already been replaced (to the street), offering peace of mind for years to come. Enjoy a flexible
Investor Alert: This 3 bed / 2 bath home in the Winchester Gardens neighborhood is part of a larger portfolio of 25 properties offered in the Memphis area. Currently rented with long term tenant. Seller will sell properties as a package or in various smaller packages.
Set amidst 30 tranquil acres in Southeast Memphis, our gated community offers a serene escape with mature trees, vibrant seasonal blooms, and a peaceful atmosphere perfect for today's busy professionals. Indulge in spacious one-, two-, three-, and four-bedroom apartments showcasing modern designs, elegant finishes, and a host of desirable amenities.
Looking for your dream home? Through our seamless leasing process, this beautifully designed home is move-in ready. Our spacious layout is perfect for comfortable living that you can enjoy with your pets too; we’re proud to be pet friendly. Our homes are built using high-quality, eco-friendly materials with neutral paint colors, updated fixtures, and energy-efficient appliances.
Located in the 38118 zip code of Memphis, Pinebrook Pointe Apartment Homes offers thoughtfully designed one and two-bedroom apartments that combine comfort, convenience, and value. Whether you're starting out on your own or looking for a cozy space to share, our floor plans are tailored to meet your everyday needs.Our community features controlled access for added peace of mind and is
Interested in learning more about homes in this area?
Reach out to
Michelle Shaver,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
40,259
Median Age
32
Population Density
2 ppl/acre
Population under 18
32.1%
Above the national average
23.8%
Population over 65
11.6%
Below the national average
19.1%
Finances
Median Household Income
$39,360
Significantly below the national average
$71,702
Average Household Income
$51,216
Education and Workforce
High School Graduates
79.6%
College Graduates
11.9%
Below the national average
34.1%
Advanced Degrees
3.8%
Below the national average
13.3%
% Population in Labor Force
70.9%
Weather
Annual Precipitation
55''
Average Winter Low Temperature
34°F
Average Summer High Temperature
92°F
Annual Snowfall
4''
Area Factors
Somewhat Bikeable
Bike Score®
28/ 100
Car-Dependent
Walk Score®
16/ 100
Minimal Transit
Transit Score®
21/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
