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Affordable
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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 $184,400, lower than the Pennsylvania average of $288,156.
The average cost of rent is $705/mo in Parkwood, primarily driven by the current value of real estate in the Parkwood area. In Parkwood, 14.70% of households rent, and 52.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parkwood is $6,720 per month. Households that rent pay about 10.49% of their income on rent here. Parkwood’s most expensive areas are in the northern 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
- West Lebanon, PA: less expensive homes
- Mc Intyre, PA: less expensive homes
- Shelocta, PA: equally priced homes
- South Bend, PA: less expensive homes
- Jacksonville, PA: less expensive homes
- Idaho, PA: less expensive homes
- Aultman, PA: higher priced homes
- Fulton Run, PA: equally priced homes
- Elderton, PA: less expensive homes
- Olivet, PA: less expensive homes
Cities with Similar Populations
- Shinrock, OH: higher priced homes
- Lick Creek, WV: less expensive homes
- Lippe, IN: higher priced homes
- Lisbon, LA: less expensive homes
- Lisco, NE: less expensive homes
- Lochiel, IN: higher priced homes
- Severance, NH: higher priced homes
- Sharon, NY: higher priced homes
- Shaver Lake Heights, CA: higher priced homes
- Shawvers Crossing, WV: less expensive homes
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