Parkwood, WA
Population 6,976 · Washington
About Parkwood, WA
Parkwood is a small community in Washington with a population of 6,976 residents. The median household income is $92,188 per year, which is above the national average. The median age in Parkwood is 39.4 years.
Housing in Parkwood has a median home value of $418,100 and median monthly rent of $1,746. Of the 2,931 total housing units, the majority are owner-occupied, with 1,727 owner-occupied and 1,028 renter-occupied units.
The unemployment rate in Parkwood is 1.1% and the poverty rate is 4.4%. 18.4% of residents hold a bachelor's degree or higher. The average commute time is 30 minutes.
How Parkwood Ranks in Washington
Cost of Living in Parkwood, WA
Compared to national averages, Parkwood has a median household income of $92,188 (23% above the national median of $75,149). Home values average $418,100, which is 71% above the national median. Monthly rent at $1,746 is 50% above the US average of $1,163. Within Washington, Parkwood's income is 2% above the state average of $90,795, and home values are 9% below the state median of $460,491.
Why Live in Parkwood, WA?
Parkwood offers a strong local economy with a median household income of $92,188, well above the national average, and a strong job market with an unemployment rate of just 1.1%, and a low poverty rate of 4.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $418,100. However, Parkwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parkwood has a population of 6,976 with a median age of 39.4 years. Compare Parkwood with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Parkwood
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sudden Valley | 6,963 | $98,865 | $450,500 | Compare |
| Woods Creek | 7,027 | $145,773 | $724,400 | Compare |
| Wollochet | 6,905 | $148,716 | $819,900 | Compare |
| Pacific | 7,064 | $102,976 | $437,400 | Compare |
| Ocean Shores | 7,076 | $62,750 | $378,000 | Compare |
| Fircrest | 7,082 | $107,781 | $554,600 | Compare |
| Hobart | 6,841 | $149,635 | $893,700 | Compare |
| Clover Creek | 7,128 | $97,581 | $456,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Washington
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Parkwood
What is the population of Parkwood, WA?
The population of Parkwood, WA is 6,976 according to the latest Census data.
What is the median household income in Parkwood?
The median household income in Parkwood, WA is $92,188 per year.
What is the median home value in Parkwood?
The median home value in Parkwood, WA is $418,100.
What is the average rent in Parkwood?
The median monthly rent in Parkwood, WA is $1,746.
What is the unemployment rate in Parkwood?
The unemployment rate in Parkwood, WA is 1.1%.