Park Ave / S Highland St median real estate price is $69,723, which is less expensive than 94.7% of Tennessee neighborhoods and 94.4% of all U.S. neighborhoods.
The average rental price in Park Ave / S Highland St is currently $839, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.4% of Tennessee neighborhoods.
Park Ave / S Highland St is an urban neighborhood (based on population density) located in Memphis, Tennessee.
Park Ave / S Highland St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Park Ave / S Highland St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Park Ave / S Highland St. The current real estate vacancy rate here is 22.5%. This is higher than the rate of vacancies in 88.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.