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Parkville

Learn about the people, housing, costs and businesses in Parkville, Maryland

Median Home$251,133
Median Rent$1,622/month
Population30,549
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare28% public administration
Home Value Growth⬆⬆+14.8% over 2 years
Young Adults29% of residentsslightly above average
Homeowners62% of occupied units
NotableAmenity Score70/100 · highly walkable area
Parkville
MD

Frequently Asked Questions

What are today's mortgage rates in Parkville?

As of today, the 30-year fixed mortgage rate for Parkville is approximately 6.989% (7.029% 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 Parkville?

The median home value in Parkville is $251k. The median monthly rent is $1,622. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkville?

Home values in Parkville have increased 14.8% 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 Parkville?

Based on a typical all-in ownership cost of $1,540/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkville is $79k/year.

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What industries drive the economy in Parkville?

The largest employment sectors in Parkville are public administration (28%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.