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These days, finding an affordable place to live in the Parkwood area can be challenging. Home prices in Parkwood are now at a median cost of $218,088, lower than the North Carolina average of $323,314.
The average cost of rent is $1,518/mo in Parkwood, primarily driven by the current value of real estate in the Parkwood area. In Parkwood, 15.93% of households rent, and 55.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parkwood is $4,804 per month. Households that rent pay about 31.61% of their income on rent here. Parkwood’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Putnam, NC: equally priced homes
- Robbins, NC: less expensive homes
- Eastwood, NC: less expensive homes
- Highfalls, NC: equally priced homes
- Glendon, NC: equally priced homes
- Spies, NC: less expensive homes
- Eagle Springs, NC: equally priced homes
- Carthage, NC: higher priced homes
- Haw Branch, NC: higher priced homes
- Jugtown, NC: less expensive homes
Cities with Similar Populations
- Holdcroft, VA: higher priced homes
- Hume, IL: less expensive homes
- Hubbardstown, WV: less expensive homes
- Hubbard, MS: less expensive homes
- Hoytville, OH: less expensive homes
- Howlett Hill, NY: equally priced homes
- Howard, TX: higher priced homes
- Houcktown, OH: less expensive homes
- Horrell, PA: less expensive homes
- Hopeful, GA: less expensive homes
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