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  5. /Windyke, Memphis, TN - 38119

Windyke, Memphis, TN—38119

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$295,000
1.5% YoY Growth
Household Income
$86,300
45.1% YoY Growth
Days on Market
53
6.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$1,700
11.6% YoY Growth
1-Bed Rent
$1,110
11.7% YoY Growth
2-Bed Rent
$1,400
4.5% YoY Growth
3-Bed Rent
$1,650
4.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Windyke, Memphis, TN

As of May '26, the median home price in Windyke, Memphis, TN is $295,000, with a year-over-year change of -1.5%. This indicates that home prices in Windyke, Memphis, TN are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$295,000-1.5%
Single Family $304,000-1.9%
Condos $172,000-1.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $123,000
    -4.7%
    2 Bed
    		$150,000-2.6%
    3 Bed
    		$256,000-1.2%
    4 Bed
    		$344,000-2.5%
    5 Bed $470,430-1.5%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    12.3%
    2 Bedrooms
    28.0%
    3 Bedrooms
    24.9%
    4 Bedrooms
    24.8%
    5+ Bedrooms
    8.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.1%
    1 Bedroom
    25.2%
    2 Bedrooms
    51.8%
    3 Bedrooms
    17.7%
    4 Bedrooms
    2.5%
    5+ Bedrooms
    0.7%

    Property Listings — Windyke, Memphis, TN

    As of May '26, Realtor.com reports that the median days on market for a home in Windyke, Memphis, TN is 53. This is a increase of 6.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$303,000-15.0%
    Listing Count
    		1161.0%
    Listings as % of Homes0.7%1.0%
    Days on Market
    		536.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$295,000
    Median Household Income$86,300

    Windyke, Memphis, TN — ZIP Code Boundary Map

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    Frequently Asked Questions