Living in Parkwood, Washington
Cost of living, income, home prices, rent and demographics of Parkwood · Census data 2020–2024
Parkwood has 6,873 residents with a median age of 37.3. The median household income is $88,625 (10% lower than the Washington median), the median home value is $441,400, the median rent is $1,778/month.
Parkwood at a glance
- Population
- 6,873
- Median age
- 37.3State: 38.3
- Median household income
- $88,625State: $98,141
- Median home value
- $441,400State: $564,600
- Median rent
- $1,778/moState: $1,760
- Homeowners
- 62.1%
- Bachelor's degree or higher
- 22.7%
- Average commute
- 31 min
Is Parkwood a good place to live?
Pros: Home values 22% lower than the state median; unemployment of 3.7%; a poverty rate of 7.6%.
Cons: Median household income 10% lower than the Washington median; an average commute of 31 minutes.
The weather is best in June to September.
Cost of living in Parkwood
Housing is the biggest part of the cost of living. In Parkwood the median home value is $441,400, 33% higher than the U.S. median. Renters pay a median of $1,778 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,944 a month in housing costs.
Parkwood median household income
The median household income in Parkwood is $88,625 and the income per person is $41,298. 7.6% of residents live below the poverty line (Washington: 9.9%).
Housing in Parkwood: homes for sale and rent
- Housing units
- 2,902
- Owner-occupied
- 62.1%
- Renter-occupied
- 37.9%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.52
Parkwood demographics
- Population
- 6,873
- Median age
- 37.3
- Under 18
- 22.8%
- 65 and older
- 15%
- Households
- 2,718
- Foreign-born
- 4.6%
- Veterans
- 12.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Parkwood ›
Education in Parkwood
22.7% of adults 25 and older in Parkwood have a bachelor's degree or higher (Washington: 39.6%), and 3.7% have a graduate or professional degree.
Jobs and commute in Parkwood
- Unemployment rate
- 3.7%State: 5.1%
- Average commute
- 31 minState: 27 min
- Work from home
- 7.5%
- Drive alone
- 72.7%
- Public transit
- 4.4%
- Walk to work
- 0%
- Homes with broadband
- 94%
Parkwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Parkwood | 6,873 | $88,625 | $441,400 | $1,778 |
| East Port Orchard | 4,725 | $75,320 | $435,900 | $1,554 |
| Port Orchard | 17,149 | $89,795 | $539,700 | $1,797 |
| Bethel | 4,394 | $79,583 | $473,900 | $1,170 |
| Manchester | 5,956 | $126,371 | $478,200 | $1,740 |
| Navy Yard City | 2,672 | $69,852 | $342,600 | $1,714 |
| Southworth | 2,286 | $123,281 | $647,300 | $1,990 |
| Enetai | 2,387 | $87,870 | $454,000 | $1,646 |
| Bremerton | 44,830 | $74,940 | $439,400 | $1,641 |
More for people moving to Parkwood
Parkwood ZIP code ›Weather and climate ›Living in Parkwood: FAQ
What is the median household income in Parkwood, WA?
The median household income in Parkwood is $88,625, 10% lower than the Washington median of $98,141 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Parkwood?
The median home value in Parkwood is $441,400, compared with $564,600 in Washington.
How much is rent in Parkwood?
The median gross rent in Parkwood is $1,778 per month, about 27.5% of household income.
Is Parkwood, WA a good place to live?
Pluses: home values 22% lower than the state median; unemployment of 3.7%; a poverty rate of 7.6%. Minuses: median household income 10% lower than the Washington median; an average commute of 31 minutes.
What is the median age in Parkwood?
The median age in Parkwood is 37.3 years (Washington: 38.3).
How long is the commute in Parkwood?
The average commute to work in Parkwood is 31 minutes; 7.5% of workers work from home.
What is the unemployment rate in Parkwood?
The unemployment rate in Parkwood is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Parkwood?
22.7% of adults in Parkwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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