South Parkway, Memphis, TN—38106
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$61,000
1.1% YoY Growth
Household Income
$29,800
24.2% YoY Growth
Days on Market
81
18.0% Longer YoY
Home Price Forecast
1.3%
Median Rent
$995
4.4% YoY Growth
1-Bed Rent
$700
22.6% YoY Growth
2-Bed Rent
$800
0.7% YoY Growth
3-Bed Rent
$1,060
3.5% YoY Growth
Home Price Trends — South Parkway, Memphis, TN
As of Dec '25, the median home price in South Parkway, Memphis, TN is $61,000, with a year-over-year change of -1.1%. This indicates that home prices in South Parkway, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $61,000 | -1.1% |
| Single Family | $61,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |