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Parkwood

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

Median Home$444,686
Median Rent$1,737/month
Population7,286
Leading IndustryTransportation3% of local workforce
Home Value Growth-4.1% over 2 years
Young Adults34% of residentswell above average
Homeowners63% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
NotableAmenity Score68/100 · highly walkable area
Parkwood
WA

Frequently Asked Questions

What are today's mortgage rates in Parkwood?

As of today, the 30-year fixed mortgage rate for Parkwood is approximately 6.894% (6.930% 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 Parkwood?

The median home value in Parkwood is $445k. The median monthly rent is $1,737. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkwood?

Home values in Parkwood have decreased 4.1% 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 Parkwood?

Based on a typical all-in ownership cost of $1,768/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkwood is $84k/year.

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What industries drive the economy in Parkwood?

The largest employment sectors in Parkwood are public administration (11%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.