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Parkway Local

Learn about the people, housing, costs and businesses in Parkway Local, Ohio

Median Home$157,770
Median Rent$763/month
Population5,625
Leading IndustriesRetail · Professional Services · Construction30% retail
Home Value Growth-0.8% over 2 years
Retirees24% of residentsabove average nationally
Homeowners85% of occupied units
NotableAffordable Market$158k median home · lower cost than 81% of the country
Parkway Local
OH

Frequently Asked Questions

What are today's mortgage rates in Parkway Local?

As of today, the 30-year fixed mortgage rate for Parkway Local is approximately 7.404% (7.458% 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 Parkway Local?

The median home value in Parkway Local is $158k. The median monthly rent is $763. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkway Local?

Home values in Parkway Local have decreased 0.8% over the past two years. Buyers may find more negotiating room in this market. 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 Parkway Local?

Based on a typical all-in ownership cost of $752/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkway Local is $67k/year.

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What industries drive the economy in Parkway Local?

The largest employment sectors in Parkway Local are retail (30%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.