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Parkway

Learn about the people, housing, costs and businesses in Parkway, Missouri

Median Home$164,700
Median Rent$923/month
Population681
Leading IndustriesWholesale Trade · Retail · Professional Services16% wholesale trade
Home Value Growth⬆⬆⬆+21.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners74% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
Parkway
MO

Frequently Asked Questions

What are today's mortgage rates in Parkway?

As of today, the 30-year fixed mortgage rate for Parkway is approximately 7.046% (7.087% 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?

The median home value in Parkway is $165k. The median monthly rent is $923. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkway?

Home values in Parkway have increased 21.9% 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 Parkway?

Based on a typical all-in ownership cost of $1,013/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkway is $46k/year.

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What industries drive the economy in Parkway?

The largest employment sectors in Parkway are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.