Parkway Village, Memphis, TN demographics:
population, income, and more

Total population
29,791
0.1% year-over-year change
Median household income
$52,132/yr
-2.1% year-over-year change
Housing units
11,829
0.3% year-over-year change

Parkway Village population

How many people live in Parkway Village

Parkway Village is home to 29,791 residents, according to the most recent Census data. Gender-wise, 45.9% of Parkway Village locals are male, and 54.1% are female.

Total population
29,791
0.1% year-over-year change
Gender ratio
Male
45.9%
13,679
Female
54.1%
16,112
Value Percent YoY change
Male 13,679 45.9% -0.9%
Female 16,112 54.1% 1.0%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Parkway Village is 30, with the population distributed as follows: about 28.7% are children under 15, then 13.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 28.6% of the population, while another 20.4% fall into the 45 to 64 bracket. Finally, around 8.9% are 65 or older.

Median age
30
Age breakdown
Under 15
28.7%
15 to 24
13.3%
25 to 44
28.6%
45 to 64
20.4%
Over 65
8.9%
Value Percent YoY change
Under 15 8,553 28.7% 2.2%
15 to 24 3,959 13.3% -0.7%
25 to 44 8,525 28.6% -1.5%
45 to 64 6,092 20.4% -3.1%
Over 65 2,662 8.9% 8.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Parkway Village, 87.7% of the population are US-born citizens, while 3.5% have gained naturalized citizenship. At the same time, 8.8% of residents are non-citizens. As for race, 6.4% of locals are Caucasian, 76% are African American and 0.6% have Asian roots. There’s also a share of 8.3% that includes residents with two or more races.

Citizenship
U.S.-born citizens
87.7%
Non-U.S.-born citizens
3.5%
Non-citizens
8.8%
Value Percent YoY change
U.S.-born citizens 26,129 87.7% -0.7%
Non-U.S.-born citizens 1,045 3.5% 9.7%
Non-citizens 2,618 8.8% 5.0%
Racial breakdown
White
6.4%
Black or African American
76%
American Indian and Alaska Native
0.8%
Asian
0.6%
Native Hawaiian and other Pacific Islander
0%
Two or more races
8.3%
Other
7.9%
Value Percent
White 1,902 6.4%
Black or African American 22,643 76%
American Indian and Alaska Native 229 0.8%
Asian 194 0.6%
Two or more races 2,476 8.3%
Other 2,347 7.9%

Households in Parkway Village

A peek inside Parkway Village households

Parkway Village has 10,113 households, with an average of 3 members in each. Of these, 68.6% are families, while the remaining 31.4% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
10,113
0.5% year-over-year change
Average people per household
3
Non-family households
3,178
Family households
6,935
Value Percent YoY change
Non-family households 3,178 31.4% -0.3%
Family households 6,935 68.6% 0.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Parkway Village

The housing landscape of Parkway Village

Parkway Village's housing consists of 11,829 units, with 64.7% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 5.6% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 1.6% of the housing landscape.

Housing units
11,829
0.3% year-over-year change
Housing types
Value Percent
1 unit, detached 7,657 64.7%
1 unit, attached 660 5.6%
2 units 258 2.2%
3 or 4 units 393 3.3%
5 to 9 units 1,024 8.7%
10 to 19 units 1,053 8.9%
20 to 49 units 255 2.2%
50 or more units 309 2.6%
Mobile home 188 1.6%
Boat, RV, van, etc. 32 0.3%
Homes built since 2020
22
266.7% year-over-year change

The age of buildings in Parkway Village

In Parkway Village, the median construction year is 1979. About 1.8% of homes were built before the 1940s, with another 1% going up by 1949. Most development happened in the second half of the 20th century. Then, 4.2% of homes were added from 2000 to 2009, 2.1% between 2010 and 2019, and 0.2% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 208 1.8% 2.0%
Built between 1940 and 1949 116 1% 22.1%
Built between 1950 and 1959 1,126 9.5% -11.6%
Built between 1960 and 1969 2,279 19.3% -5.6%
Built between 1970 and 1979 3,687 31.2% -4.9%
Built between 1980 and 1989 2,601 22% 8.0%
Built between 1990 and 1999 1,047 8.8% 0.0%
Built between 2000 and 2009 500 4.2% 90.8%
Built between 2010 and 2019 244 2.1% 17.3%
Built in 2020 or later 22 0.2% 266.7%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Parkway Village occupancy rates

Out of the 10,113 occupied housing units in Parkway Village, 44.9% are owner-occupied, while 55.1% are lived in by tenants. Meanwhile, 14.5% of all homes on the local market sit vacant.

Occupied housing units
10,113
0.5% year-over-year change
Occupancy breakdown
Renter occupied
5,575
Owner occupied
4,538
Value Percent YoY
change
Renter occupied 5,575 55.1% 0.2%
Owner occupied 4,538 44.9% 0.8%
Unoccupied housing units
14.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Parkway Village housing costs

Housing costs in Parkway Village come to a median of $1,231 per month, while tenants specifically pay a median gross rent of $1,356.

Median housing costs per month
$1,231/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Parkway Village
$1,356/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Parkway Village

Parkway Village education at a glance

About 48.2% of the population in Parkway Village went to high school, while 24.3% pursued college studies. Another 7.8% earned an associate degree and 8.7% hold a bachelor’s. Meanwhile, 3.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 1,473 7.4% 2.0%
High school diploma 9,594 48.2% -2.9%
College diploma 4,842 24.3% -4.3%
Associate degree 1,541 7.8% 21.9%
Bachelor's degree 1,737 8.7% 5.7%
Graduate degree 707 3.6% -3.9%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Parkway Village

How much people earn in Parkway Village

The average annual household income in Parkway Village was $64,581 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +9% change from the previous year. At the same time, the median income stood at $52,132, reflecting a -2.1% shift over the same period.

Average household income in Parkway Village
$64,581/year
9.0% year-over-year change
Median household income in Parkway Village
$52,132/year
-2.1% year-over-year change

Parkway Village income by age

In Parkway Village, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $47,531. Those with someone between 45 and 64 in charge, often well established professionally, earn $56,528 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $77,292, while those led by someone over 65, many of whom may be retired, have about $49,268 in earnings. Overall, 74.2% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $77,292 1.6%
25 - 44 $47,531 -9.0%
45 - 64 $56,528 -0.8%
Over 65 $49,268 8.2%
Above poverty level
21,637
Below poverty level
7,539
Value Percent YoY
change
Above poverty level 21,637 74.2% 1.5%
Below poverty level 7,539 25.8% -3.9%

Employment in Parkway Village

Workforce and job types in Parkway Village

62.4% of the working population are employed in professional or administrative positions, while 37.6% are in hands-on or service-based jobs. Also, 10.2% run their own businesses, 69.7% are employed by private companies, and 13.6% work in the public sector.

Workforce demographics

White collar
7,637
Blue collar
4,606
Value Percent YoY change
White collar 7,637 62.4% 2.5%
Blue collar 4,606 37.6% -4.6%
Employer type
Self employees
10.2%
Private companies
69.7%
Governmental workers
13.6%
Not for profit companies
6.6%
Value Percent YoY change
Self employees 1,245 10.2% 11.6%
Private companies 8,528 69.7% -6.3%
Governmental workers 1,668 13.6% 13.2%
Not for profit companies 802 6.6% 36.6%

Transportation in Parkway Village

How people get around in Parkway Village

Commuting methods vary: 98.8% of residents travel by personal vehicle and 0.5% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 10,823 98.8% 0.1%
Taxicab 2 0% -90.5%
Bus or trolleybus 32 0.3% -65.6%
Ferryboat 39 0.4% -25.0%
Bicycle 6 0% -53.9%
Walk 51 0.5% -32.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Parkway Village by zipcode?

Zipcode Population Number of households Median income Average income
38118 39,107 13,209 $43,446 $64,011
38141 23,952 8,224 $60,817 $76,738

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FAQs about Parkway Village demographics 

What is the total population of Parkway Village?

Parkway Village has a total population of 29,791 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.1% compared to a year ago.

What is the gender ratio in Parkway Village?

The gender ratio in Parkway Village is as follows:
  • 45.9% males (13,679 residents)
  • 54.1% females (16,112 residents)

What is the median age in Parkway Village?

The median age in Parkway Village is 30.

What is the age distribution of the population in Parkway Village?

The age distribution in Parkway Village is as follows:
  • Under 15: 28.7% (8,553 residents)
  • Ages 15-24: 13.3% (3,959 residents)
  • Ages 25-44: 28.6% (8,525 residents)
  • Ages 45-64: 20.4% (6,092 residents)
  • Over 65: 8.9% (2,662 residents)

What is the racial and ethnic makeup of Parkway Village?

The racial and ethnic makeup of Parkway Village is as follows:
  • White: 6.4% (1,902 residents)
  • Black or African American: 76% (22,643 residents)
  • American Indian and Alaska Native: 0.8% (229 residents)
  • Asian: 0.6% (194 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 8.3% (2,476 residents)
  • Other: 7.9% (2,347 residents)

What percentage of the population in Parkway Village are U.S.-born citizens?

U.S.-born citizens represent 87.7% of the population in Parkway Village.

How many housing units are there in Parkway Village?

There are 11,829 housing units in Parkway Village, reflecting a +0.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Parkway Village and what is the average household size?

Parkway Village has a total of 10,113 households, with an average of 3 people in each.

What is the median household income in Parkway Village?

Parkway Village has a median household income of $52,132, representing a -2.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Parkway Village?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 62.4% (7,637 residents)
  • Blue-collar workers: 37.6% (4,606 residents)

Places of employment:
  • Self-employed: 10.2% (1,245 residents)
  • Private companies: 69.7% (8,528 residents)
  • Governmental workers: 13.6% (1,668 residents)
  • Not-for-profit companies: 6.6% (802 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025