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Parksley

Learn about the people, housing, costs and businesses in Parksley, Virginia

Median Home$174,300
Median Rent$924/month
Population889
Leading IndustriesConstruction · Agriculture & Mining · Retail5% construction
Home Value Growth⬆⬆⬆+26.8% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners66% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Parksley
VA

Frequently Asked Questions

What are today's mortgage rates in Parksley?

As of today, the 30-year fixed mortgage rate for Parksley is approximately 6.994% (7.037% 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 Parksley?

The median home value in Parksley is $174k. The median monthly rent is $924. Annual property taxes average $954. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parksley?

Home values in Parksley have increased 26.8% over the past two years. This indicates a strong appreciation trend. 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 Parksley?

Based on a typical all-in ownership cost of $901/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parksley is $57k/year.

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What industries drive the economy in Parksley?

The largest employment sectors in Parksley are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.