Parkway Village and Oakhaven, the city's planning district around Memphis International Airport, are mostly ZIP code 38118 and split among three high zones.
Last checked Oct. 18, 2026. Sources: the City of Memphis’s Memphis 3.0 planning districts and district boundary layer, the Memphis 3.0 Comprehensive Plan, 2021 update (PDF), the city’s parks layer, Memphis-Shelby County Schools’ School Zone Locator, the Tennessee Department of Education’s 2024-25 letter grades, the Zillow Home Value Index, 2020 Census block counts and OpenStreetMap. Memphis 3.0 planning office: 901-636-6601.
Parkway Village and Oakhaven make up one of the 14 planning districts in the city’s Memphis 3.0 comprehensive plan, the neighborhoods around Memphis International Airport. About 52,900 people lived in the district at the 2020 census, in about 21,500 homes, by our count of Census blocks inside the district line. OpenStreetMap also marks Capleville and Oakville inside it.
What this means for you
- High school: split; about 48% of residents are zoned for Wooddale High, 31% for Sheffield High and 20% for Oakhaven High.
- Home value: Zillow’s typical value in ZIP code 38118 was $120,452 in September 2026.
- Interstate: I-240 Exit 18 (Perkins Road) is about 1.6 miles from the district’s population center.
Where it is
On the city’s district map, the district runs from I-240 and Nonconnah Creek on the north to the Mississippi state line on the south, with Airways Boulevard on the west and Hickory Hill Road, Mendenhall Road and Winchester Road along parts of the east. Lamar Avenue (U.S. 78) crosses it, and the airport fills its west side. About 75% of residents are in ZIP code 38118 and 24% in 38115.
The comprehensive plan says the district holds 21% of the city’s jobs and 53% of its industrial and flex space, and that Lamar Avenue and heavy industry make it hard to get between Oakhaven and Parkway Village on foot. It calls the shopping centers on Knight Arnold Road the district’s main commercial area and names neighborhood crossings at Winchester and Tchulahoma and Shelby and Tchulahoma.
Schools
Memphis-Shelby County Schools assigns schools by address. In the zone data behind its School Zone Locator:
| School | Address | Share of 2020 residents zoned | 2024-25 state grade |
|---|---|---|---|
| Wooddale High | 5151 Scottsdale Ave. | 48% | D |
| Sheffield High | 4315 Sheffield Ave. | 31% | D |
| Oakhaven High | 3125 Ladbrook Road | 20% | B |
| American Way Middle | 3805 American Way | 58% | C |
| Oakhaven Middle | 3125 Ladbrook Road | 20% | C |
| Ridgeway Middle | 6333 Quince Road | 13% | D |
| Fox Meadows Elementary | 2960 Emerald St. | 14% | C |
| Oakhaven Elementary | 3795 Bishops Bridge Road | 14% | B |
| Cromwell Elementary | 4989 Cromwell Road | 14% | D |
| Parkway Village Elementary | 3000 Claudette Road | 12% | C |
| Evans Elementary | 4949 Cottonwood Road | 10% | C |
Smaller parts are zoned for Hickory Ridge Middle and for Getwell, Sheffield, Newberry and Ross elementary schools. Grades are from the Tennessee Department of Education’s 2024-25 A-F letter grade file; addresses are from the federal NCES school directory. Check one address in the locator. More in our schools guide.
Home values
According to the Zillow Home Value Index (Zillow Research):
| Area | September 2026 | September 2025 | Change |
|---|---|---|---|
| ZIP code 38118 | $120,452 | $121,033 | -0.5% |
| ZIP code 38115 | $160,944 | $159,799 | +0.7% |
| City of Memphis | $151,794 | $156,121 | -2.8% |
The index is a modeled typical value for the middle third of homes, not a sale price. ZIP code 38115 also covers much of Hickory Hill. More in our home prices guide.
Parks and trails
From the city’s parks layer:
- Fox Meadows, about 157 acres, and Halle Park, about 64 acres.
- Medal of Honor Park, about 28 acres, 3643 Tchulahoma Road.
- American Way Park, about 27 acres, 2818 S. Goodlett St.
- Mooney Park, 5077 Cromwell Ave.; Oakhaven Park, 3875 Bishops Bridge Road; McFarland Park, 4955 Cottonwood Road; and Emerald Park, 5500 Newberry Ave., each 15 to 20 acres.
The Parkway Village Branch Library is at 4655 Knight Arnold Road. More in our parks and trails guide.
Getting around
- I-240: from the district’s population center, Exit 18 (Perkins Road) is about 1.6 miles, Exit 20 (Getwell Road, State Route 176) about 2 miles and Exit 17 (Mount Moriah Road) about 2.1 miles, as the crow flies (OpenStreetMap).
- Distances: about 11.6 miles by road to City Hall downtown and 5 miles to the airport terminal, measured on the OpenStreetMap road network. These are distances, not drive times.
- Buses: in the Memphis Area Transit Authority’s latest public schedule data we could download (a February 2025 feed), Route 16 Southeast Circulator, Route 30 Brooks, Route 36 Lamar, Route 7 Shelby and Holmes, Route 69 Winchester, Route 28 Airport, Route 2 Madison and Route 42 Crosstown stop in the district. Check the MATA routes page or call 901-274-6282.
Groceries and everyday stores
From OpenStreetMap:
- ALDI, 2765 S. Perkins Road.
- Asiana Market, 5940 Mount Moriah Road.
- Walgreens, on Knight Arnold Road and on Hickory Hill Road.
More neighborhoods
Parkway Village and Oakhaven are among the areas in our Memphis neighborhoods guide. Next door: Whitehaven across Airways Boulevard, Hickory Hill to the east and Orange Mound across I-240.
Map data © OpenStreetMap contributors. District boundaries and parks: City of Memphis. School zones: Memphis-Shelby County Schools. Population and ZIP codes: U.S. Census Bureau.
Frequently asked questions
Where is Parkway Village in Memphis?
In the southeast-central part of the city. On the city’s Memphis 3.0 map, the Oakhaven and Parkway Village District runs from I-240 and Nonconnah Creek south to the Mississippi state line, with Airways Boulevard on its west side, and includes Memphis International Airport.
What high school serves Parkway Village and Oakhaven?
It depends on the address. In Memphis-Shelby County Schools’ zone data, about 48% of the district’s 2020 residents were zoned for Wooddale High, 31% for Sheffield High (both a D on Tennessee’s 2024-25 letter grades) and 20% for Oakhaven High (B).
What is the typical home value in Parkway Village?
Zillow’s typical value in ZIP code 38118, which covers about three-quarters of the district’s residents, was $120,452 in September 2026, down 0.5% in a year, according to the Zillow Home Value Index.
Is the Memphis airport in Parkway Village?
Yes. The city’s comprehensive plan says the Oakhaven and Parkway Village District includes Memphis International Airport and 53% of the city’s industrial and flex space.
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