Parksley, VA
Population 782 · Virginia
About Parksley, VA
Parksley is a small community located in Virginia with a population of 782 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,250 per year, which is 8% above the national median of $75,149. The median age of 43.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Parksley features a median home value of $160,400, which is 35% below the national median of $244,900. This positions Parksley in a moderately priced market relative to the rest of the country. Median monthly rent is $988, 15% below the national average of $1,163/month. Of the 403 total housing units, 59% are owner-occupied (192 units) and 41% are renter-occupied (133 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Parksley shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Parksley have an average one-way commute time of 22.9 minutes.
Education & Demographics
28.6% of Parksley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.5% White, 1.9% Hispanic or Latino, 0.0% Black or African American, and 7.3% Asian residents, with 25.8% of the population being foreign-born.
Cost of Living in Parksley, VA
Compared to national averages, Parksley has a median household income of $81,250 (8% above the national median of $75,149). Home values average $160,400, which is 35% below the national median. Monthly rent at $988 is 15% below the US average of $1,163. Within Virginia, Parksley's income is 8% below the state average of $87,957, and home values are 51% below the state median of $327,514.
Why Live in Parksley, VA?
Parksley offers a strong local economy with a median household income of $81,250, well above the national average, and affordable housing with a median home value of $160,400, below the US average of $244,900, and rent that’s lower than the national average at $988/month. Additionally, the city features a strong job market with an unemployment rate of just 3.2%, and a low poverty rate of 5.0%, better than the national average, and short commute times averaging just 22.9 minutes.
Parksley has a population of 782 with a median age of 43.8 years. Compare Parksley with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Parksley
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grundy | 782 | $42,417 | $187,000 | Compare |
| Rich Creek | 781 | $49,688 | $129,200 | Compare |
| Shenandoah Shores | 783 | $92,813 | $282,000 | Compare |
| Opal | 784 | $207,708 | $582,000 | Compare |
| Pastoria | 789 | $45,809 | $117,300 | Compare |
| East Stone Gap | 792 | $0 | $113,800 | Compare |
| Middleburg | 793 | $115,724 | $707,800 | Compare |
| Fort Chiswell | 770 | $85,147 | $191,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Parksley With Other Cities
Frequently Asked Questions about Parksley
What is the population of Parksley, VA?
The population of Parksley, VA is 782 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Virginia.
What is the median household income in Parksley?
The median household income in Parksley, VA is $81,250 per year, which is 8% above the national median of $75,149.
What is the median home value in Parksley?
The median home value in Parksley, VA is $160,400, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parksley?
The median monthly rent in Parksley, VA is $988, which is 15% below the national average of $1,163/month.
What is the unemployment rate in Parksley?
The unemployment rate in Parksley, VA is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Parksley, VA a good place to live?
Parksley offers above-average incomes, affordable housing, and a strong job market. With a population of 782 and a median age of 43.8, the city appeals to a broad range of residents.
How educated is Parksley, VA?
28.6% of residents in Parksley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Parksley?
Key cost-of-living indicators for Parksley, VA: median home value is $160,400 (35% below national), median rent is $988/month, and median household income is $81,250. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parksley?
The poverty rate in Parksley, VA is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Parksley, VA?
Parksley's population is 6.5% White, 1.9% Hispanic or Latino, 0.0% Black or African American, 7.3% Asian, and 40.3% two or more races. 25.8% of residents are foreign-born.