Windyke, Memphis, TN—38119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Windyke, Memphis, TN
As of Oct '25, the median home price in Windyke, Memphis, TN is $292,000, with a year-over-year change of -0.7%. This indicates that home prices in Windyke, Memphis, TN are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | -0.7% |
| Single Family | $302,000 | -0.7% |
| Condos | $169,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $123,000 | -3.9% |
2 Bed | $150,000 | -2.0% |
3 Bed | $254,000 | -0.8% |
4 Bed | $343,000 | -0.6% |
| 5 Bed | $469,000 | 0.2% |
% of Housing Stock
Rental Trends — Windyke, Memphis, TN
As of July '25, Rentcast reports the average rent in Windyke, Memphis, TN is $1,670, with a year-over-year rent change of -11.6%. Per bedroom, the median rent as of July '25 in Windyke, Memphis, TN is studios: $1,050, 1-bedrooms: $1,360, 2-bedrooms: $1,390, 3-bedrooms: $1,730, 4-bedrooms: $1,950. The most common rental property sizes in Windyke, Memphis, TN are 2-bedroom and 1-bedroom, accounting for 51.8% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,670 |
| Studio Rent | $999 | $1,050 |
| 1 Bed Rent | $1,110 | $1,360 |
| 2 Bed Rent | $1,400 | $1,390 |
| 3 Bed Rent | $1,650 | $1,730 |
| 4 Bed Rent | $2,000 | $1,950 |
% of Rental Stock
Property Listings — Windyke, Memphis, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Windyke, Memphis, TN is 72. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $337,000 | -12.0% |
Listing Count | 132 | 14.0% |
| Listings as % of Homes | 0.7% | 14.0% |
Days on Market | 72 | 11.0% |
Demographics — Windyke, Memphis, TN
As of the latest ACS Survey released in 2023, Windyke, Memphis, TN has a population of 22,300, which has decreased by -2.7% over the past 5 years. Windyke, Memphis, TN is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,300 | -2.7% |
% Under 18 | 19.5% | -14.8% |
% Seniors | 22.1% | 32.3% |
% WFH | 14.2% | 173.1% |
% w/ College Degree | 53.3% | 7.7% |
As of the latest ACS Survey released in 2023, Windyke, Memphis, TN is a predominantly white area, with 48.4% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Windyke, Memphis, TN is black, making up 39.2% of the population. Foreign-born residents account for 7.4% of the population in Windyke, Memphis, TN, and this percentage has increased by 8.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.4% | -4.5% |
% Black | 39.2% | -5.8% |
% Hispanic | 5.5% | 111.5% |
% Asian | 2.8% | -20.0% |
% Foreign Born | 7.4% | 8.8% |
Mortgage and Risk — Windyke, Memphis, TN
According to HUD data as of 2023, there were 215 mortgage originations in Windyke, Memphis, TN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Windyke, Memphis, TN. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 215 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Windyke, Memphis, TN
As of 2024, the percent of homes in Windyke, Memphis, TN under the Section 8 program is 1.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Windyke, Memphis, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,110 | $1,370 |
| 2 Bedroom | $140 | $1,400 | $1,540 |
| 3 Bedroom | $370 | $1,650 | $2,020 |
| 4 Bedroom | $370 | $2,000 | $2,370 |
Affordability — Windyke, Memphis, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $292,000 |
| Median Household Income | $86,300 |