Parkway Village, KY
Population 613 · Kentucky
About Parkway Village, KY
Parkway Village is a small community located in Kentucky with a population of 613 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,875 per year, which is 14% above the national median of $75,149. The median age of 38 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Parkway Village features a median home value of $236,900, which is 3% below the national median of $244,900. This positions Parkway Village in a moderately priced market relative to the rest of the country. Median monthly rent is $1,272, 9% above the national average of $1,163/month. Of the 308 total housing units, 87% are owner-occupied (248 units) and 13% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Parkway Village shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Parkway Village have an average one-way commute time of 18.4 minutes, one of the shorter commutes in the region.
Education & Demographics
49.9% of Parkway Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 6.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 9.1% Asian residents, with 3.9% of the population being foreign-born.
Cost of Living in Parkway Village, KY
Compared to national averages, Parkway Village has a median household income of $85,875 (14% above the national median of $75,149). Home values average $236,900, which is 3% below the national median. Monthly rent at $1,272 is 9% above the US average of $1,163. Within Kentucky, Parkway Village's income is 30% above the state average of $66,273, and home values are 30% above the state median of $182,504.
Why Live in Parkway Village, KY?
Parkway Village offers a strong local economy with a median household income of $85,875, well above the national average, and affordable housing with a median home value of $236,900, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a well-educated community where 49.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.6%, better than the national average, and short commute times averaging just 18.4 minutes.
Parkway Village has a population of 613 with a median age of 38 years. Compare Parkway Village with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Parkway Village
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glenview | 612 | $250,001 | $1,061,400 | Compare |
| Rolling Fields | 612 | $241,250 | $824,700 | Compare |
| Island | 616 | $48,875 | $72,100 | Compare |
| Lynnview | 609 | $56,016 | $140,200 | Compare |
| Millstone | 617 | $40,325 | $0 | Compare |
| Fincastle | 606 | $85,500 | $253,300 | Compare |
| Pathfork | 606 | $45,913 | $33,400 | Compare |
| Poplar Hills | 623 | $23,958 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Parkway Village With Other Cities
Frequently Asked Questions about Parkway Village
What is the population of Parkway Village, KY?
The population of Parkway Village, KY is 613 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Parkway Village?
The median household income in Parkway Village, KY is $85,875 per year, which is 14% above the national median of $75,149.
What is the median home value in Parkway Village?
The median home value in Parkway Village, KY is $236,900, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parkway Village?
The median monthly rent in Parkway Village, KY is $1,272, which is 9% above the national average of $1,163/month.
What is the unemployment rate in Parkway Village?
The unemployment rate in Parkway Village, KY is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Parkway Village, KY a good place to live?
Parkway Village offers above-average incomes, affordable housing, and a strong job market. With a population of 613 and a median age of 38, the city appeals to a broad range of residents.
How educated is Parkway Village, KY?
49.9% of residents in Parkway Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Parkway Village?
Key cost-of-living indicators for Parkway Village, KY: median home value is $236,900 (3% below national), median rent is $1,272/month, and median household income is $85,875. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parkway Village?
The poverty rate in Parkway Village, KY is 1.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Parkway Village, KY?
Parkway Village's population is 6.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 9.1% Asian, and 2.6% two or more races. 3.9% of residents are foreign-born.