Compare: Shelby Forest-Frayser vs Parkway Village-Oakhaven

Home Values in Shelby Forest-Frayser and Parkway Village-Oakhaven

Shelby Forest-Frayser

Parkway Village-Oakhaven

Zillow Home Value Index

$42,000

$53,600

1-Year Change

+5.8%

-1.3%

Median List Price

$25,000

$45,000

Median Sale Price

$32,800

$58,000

Shelby Forest-Frayser, Memphis tends to be less expensive for home buyers than Parkway Village-Oakhaven, Memphis. During the last year, Shelby Forest-Frayser home values have risen by 5.8%, while Parkway Village-Oakhaven home values have fallen by 1.3%. The median sale price in Shelby Forest-Frayser is $32,800, but the median listing price was $25,000, a 31.2% increase. Meanwhile in Parkway Village-Oakhaven, the median selling price is $58,000, and the starting price had a median of $45,000, a 28.9% increase.

Shelby Forest-Frayser

Parkway Village-Oakhaven

Population

35,254

40,104

Median Household Income

$28,104

$36,646

Median Age

Homes with Kids

30.5%

34.9%

Average Household Size

2.9

Average Commute Time (Minutes)

At $36,646, the median income in Parkway Village-Oakhaven is $8,542 more than in Shelby Forest-Frayser, and $7,866 lower than the national average. Shelby Forest-Frayser has an older median age, at 30, compared to 29 in Parkway Village-Oakhaven, and a longer average commute. The average commute in Parkway Village-Oakhaven is 23 minutes and the average commute in Shelby Forest-Frayser is 28 minutes.