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Parkland

Learn about the people, housing, costs and businesses in Parkland, Washington

Median Home$407,813
Median Rent$1,642/month
Population38,332
Leading IndustriesFinance & Insurance · Information & Media · Transportation9% finance & insurance
Home Value Growth+7.4% over 2 years
Young Adults35% of residentswell above average
Homeowners50% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAmenity Score70/100 · highly walkable area
Parkland
WA

Frequently Asked Questions

What are today's mortgage rates in Parkland?

As of today, the 30-year fixed mortgage rate for Parkland is approximately 6.866% (6.901% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Parkland?

The median home value in Parkland is $408k. The median monthly rent is $1,642. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkland?

Home values in Parkland have increased 7.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Parkland?

Based on a typical all-in ownership cost of $1,630/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkland is $70k/year.

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What industries drive the economy in Parkland?

The largest employment sectors in Parkland are public administration (24%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.