Parkway, Sacramento, CA—95823
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkway, Sacramento, CA
As of Oct '25, the median home price in Parkway, Sacramento, CA is $421,000, with a year-over-year change of -3.1%. This indicates that home prices in Parkway, Sacramento, CA are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | -3.1% |
| Single Family | $425,000 | -3.2% |
| Condos | $214,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $300,000 | -2.9% |
3 Bed | $414,000 | -3.5% |
4 Bed | $449,000 | -3.4% |
| 5 Bed | $514,000 | -3.7% |
% of Housing Stock
Rental Trends — Parkway, Sacramento, CA
As of July '25, Rentcast reports the average rent in Parkway, Sacramento, CA is $1,980, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Parkway, Sacramento, CA is studios: $1,330, 1-bedrooms: $1,610, 2-bedrooms: $1,970, 3-bedrooms: $2,400, 4-bedrooms: $2,840. The most common rental property sizes in Parkway, Sacramento, CA are 2-bedroom and 3-bedroom, accounting for 41.9% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,980 |
| Studio Rent | $1,320 | $1,330 |
| 1 Bed Rent | $1,550 | $1,610 |
| 2 Bed Rent | $1,850 | $1,970 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,680 | $2,840 |
% of Rental Stock
Property Listings — Parkway, Sacramento, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Parkway, Sacramento, CA is 49. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $407,000 | -3.0% |
Listing Count | 120 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 49 | 22.0% |
Demographics — Parkway, Sacramento, CA
As of the latest ACS Survey released in 2023, Parkway, Sacramento, CA has a population of 83,300, which has increased by 5.0% over the past 5 years. Parkway, Sacramento, CA is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 83,300 | 5.0% |
% Under 18 | 27.8% | -5.8% |
% Seniors | 12.1% | 19.8% |
% WFH | 9.5% | 86.3% |
% w/ College Degree | 16.1% | 25.8% |
As of the latest ACS Survey released in 2023, Parkway, Sacramento, CA is a predominantly hispanic area, with 35.2% of the population identifying as hispanic. The hispanic population has grown by 7.0% in the last 5 years. The second most common race or ethnicity in Parkway, Sacramento, CA is asian, making up 25.0% of the population. Foreign-born residents account for 30.0% of the population in Parkway, Sacramento, CA, and this percentage has decreased by 3.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 11.1% | -21.8% |
% Black | 18.1% | -7.2% |
% Hispanic | 35.2% | 7.0% |
% Asian | 25.0% | 6.4% |
% Foreign Born | 30.0% | -3.2% |
Mortgage and Risk — Parkway, Sacramento, CA
According to HUD data as of 2023, there were 516 mortgage originations in Parkway, Sacramento, CA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Parkway, Sacramento, CA. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 516 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Parkway, Sacramento, CA
As of 2024, the percent of homes in Parkway, Sacramento, CA under the Section 8 program is 14.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Parkway, Sacramento, CA, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,023 |
Total Units Section 8 | 1,866 |
% Rentals under Section 8 | 14.1% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,550 | $1,520 |
| 2 Bedroom | $40 | $1,850 | $1,890 |
| 3 Bedroom | $160 | $2,400 | $2,560 |
| 4 Bedroom | $280 | $2,680 | $2,960 |
Affordability — Parkway, Sacramento, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $421,000 |
| Median Household Income | $63,700 |