Parkwood, Springfield, MO
Parkwood — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Parkwood, Springfield, Missouri. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Parkwood Neighborhood Overview
Parkwood is a residential neighborhood located in the 65803 ZIP code of Springfield, Missouri. Characterized by its quiet streets and established community feel, it offers a suburban atmosphere within the city. The area provides residents with a balanced lifestyle that is both convenient and affordable.
Lifestyle & Amenities
Residents of Parkwood enjoy a primarily residential setting suited for daily living. The neighborhood's location provides reasonable access to Springfield's broader commercial and service offerings. Its community-oriented atmosphere is ideal for those seeking a calm environment close to city amenities.
Real Estate Market
The Parkwood real estate market is defined by its affordability, with a median home value of $144,600. The homeownership rate is 55%, indicating a mix of owners and renters, with median monthly rent costing $861. This pricing makes it an accessible entry point into the Springfield housing market.
Schools & Education
Parkwood is served by the Springfield Public Schools district, which operates several schools throughout the city. Families in the neighborhood have access to the district's educational programs and resources. Specific school assignments are determined by the district based on the student's address.
Transportation & Connectivity
The neighborhood is conveniently situated with good access to major Springfield thoroughfares, facilitating travel by car. Public transportation options are available through the city's bus service, connecting residents to key areas. Its central location in Missouri's third-largest city offers strong regional connectivity.
Why Choose Parkwood
Parkwood is an excellent choice for homebuyers and renters seeking value, with a median household income of $45,440 aligning well with its affordable housing costs. It appeals to those who want a quiet, established neighborhood without sacrificing proximity to Springfield's urban center. The community represents a practical and comfortable option in the local housing landscape.
Parkwood Market Data
| Metric | Value |
|---|---|
| Median Home Price | $145K |
| Median Gross Rent | $861/mo |
| Median Household Income | $45K |
| Homeownership Rate | 55.1% |
| Renter-Occupied | 44.9% |
| Rental Vacancy Rate | 5.1% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 65803 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 159,118 |
| VA Loan Originations | 11,071 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $259K |
| Conventional Loan Originations | 130,096 |
| FHA Loan Originations | 17,951 |
Top Real Estate Agents in Parkwood, Springfield
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Parkwood, Springfield, MO. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Missouri Real Estate Commission (MREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12