Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Schools
The schools category earns a high score due to factors like exceptional test scores, strong education levels and the close proximity of elementary and high schools in this area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Cost Of Living
Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.
Located in the state of Washington, Parkwood is a smaller city with a population of 6,914 inhabitants. According to the most recent Census, 83% of Parkwood residents are White, 5% Asian and 2% Black. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Parkwood offers up a higher than average one way commute time of 30 minutes.
Living in Parkwood can be a good experience for anyone relocating to the city. Having said that, in the state of Washington, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like crime, commute, health & safety, employment, housing, you can easily compare the best places to live in Parkwood and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Parkwood to Washington and the national average.
Parkwood has a livability score of 73 out of 100 and is ranked #181 in Washington and #4,632 in the USA. For each of the livability categories, we can establish that Parkwood ranks very well for education (A+), employment (A) and housing (A+). Parkwood does not do well for the following: amenities (F), crime (D-) and cost of living (F). It might be a good idea to take a closer look at each category to find out why.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Parkwood has an unemployment rate of 1.4% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Parkwood market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Parkwood real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Parkwood. Median real estate prices in Parkwood come in at $524,301, which is 6.6% higher than the Washington average. The home price to income ratio compares the median home prices to the median household income. In Parkwood, the home price to income ratio is 5.5, which is 1.9% higher than the Washington average.
Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.
| Statistic | Parkwood | Washington | National |
| Average one way commute | 30min | 27min | 26min |
| Workers who drive to work | 74.9% | 72.3% | 76.4% |
| Workers who carpool | 12.4% | 10.2% | 9.3% |
| Workers who take public transit | 4.7% | 6.2% | 5.1% |
| Workers who bicycle | 1.2% | 0.9% | 0.6% |
| Workers who walk | 0.6% | 3.6% | 2.8% |
| Working from home | 2.2% | 5.6% | 4.6% |
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