Parkland, WA 98444 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Parkland, WA—98444

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$435,000

1.9% YoY Growth

Household Income

$64,500

43.4% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

0.0%

Median Rent

$1,300

12.5% YoY Growth

1-Bed Rent

$1,280

7.8% YoY Growth

2-Bed Rent

$1,590

4.2% YoY Growth

3-Bed Rent

$2,350

3.5% YoY Growth

Home Price Trends — Parkland, WA

As of Dec '25, the median home price in Parkland, WA is $435,000, with a year-over-year change of -1.9%. This indicates that home prices in Parkland, WA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$435,000	-1.9%
Single Family	$436,000	-2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Parkland, WA

As of July '25, Rentcast reports the average rent in Parkland, WA is $1,400, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Parkland, WA is studios: $1,020, 1-bedrooms: $1,240, 2-bedrooms: $1,610, 3-bedrooms: $2,380, 4-bedrooms: $2,660. The most common rental property sizes in Parkland, WA are 2-bedroom and 1-bedroom, accounting for 51.8% and 21.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,400
Studio Rent	$999	$1,020
1 Bed Rent	$1,280	$1,240
2 Bed Rent	$1,590	$1,610
3 Bed Rent	$2,350	$2,380
4 Bed Rent	$2,350	$2,660

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% of Rental Stock

Studio

4.5%

1 Bedroom

21.5%

2 Bedrooms

51.8%

3 Bedrooms

18.0%

4 Bedrooms

3.1%

5+ Bedrooms

1.0%

Property Listings — Parkland, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Parkland, WA is 54. This is a increase of 5.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$490,000	-3.0%
Listing Count	71	49.0%
Listings as % of Homes	0.3%	49.0%
Days on Market	63	26.0%

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Demographics — Parkland, WA

As of the latest ACS Survey released in 2023, Parkland, WA has a population of 35,700, which has increased by 5.0% over the past 5 years. Parkland, WA is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	35,700	5.0%
% Under 18	23.7%	0.9%
% Seniors	12.4%	19.2%
% WFH	6.0%	27.7%
% w/ College Degree	15.2%	4.8%

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As of the latest ACS Survey released in 2023, Parkland, WA is a predominantly white area, with 39.8% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Parkland, WA is hispanic, making up 18.8% of the population. Foreign-born residents account for 20.6% of the population in Parkland, WA, and this percentage has increased by 7.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	39.8%	-13.9%
% Black	16.6%	23.9%
% Hispanic	18.8%	11.9%
% Asian	11.2%	9.8%
% Foreign Born	20.6%	7.3%

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Mortgage and Risk — Parkland, WA

According to HUD data as of 2023, there were 508 mortgage originations in Parkland, WA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Parkland, WA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	508
% Conventional Loans	61.0%
% Government Loans	39.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Parkland, WA

As of 2024, the percent of homes in Parkland, WA under the Section 8 program is 11.6%. 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. In Parkland, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	816
Total Units Section 8	793
% Rentals under Section 8	11.6%
% Occupied Section 8	83.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$170	$1,280	$1,450
2 Bedroom	$200	$1,590	$1,790
3 Bedroom	$170	$2,350	$2,520
4 Bedroom	$570	$2,350	$2,920

Parkland, WA—98444

Key Metrics at a Glance

Home Price Trends — Parkland, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Parkland, WA

% of Rental Stock

Property Listings — Parkland, WA

Demographics — Parkland, WA

Race and Ethnicity

Mortgage and Risk — Parkland, WA

Mortgages

Rentals and Section 8 — Parkland, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Parkland, WA

Home Price to Income Ratio

Parkland, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Parkland

Clover Creek, WA

South End, Tacoma, WA

McChord Air Force Base, WA

McChord Air Force Base, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.5
Median Home Price	$435,000
Median Household Income	$64,500

Parkland, WA—98444

Key Metrics at a Glance

Home Price Trends — Parkland, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Parkland, WA

% of Rental Stock

Property Listings — Parkland, WA

Demographics — Parkland, WA

Race and Ethnicity

Mortgage and Risk — Parkland, WA

Mortgages

Rentals and Section 8 — Parkland, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Parkland, WA

Home Price to Income Ratio

Parkland, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Parkland

Clover Creek, WA

South End, Tacoma, WA

McChord Air Force Base, WA

McChord Air Force Base, WA

Frequently Asked Questions

What is the average home price in Parkland, WA 98444?

How have home prices in Parkland, WA 98444 changed over the past year?

What is the home price projection for Parkland, WA 98444?

What are the demographics of Parkland, WA 98444?

How long does it take homes to sell in Parkland, WA 98444?

What is the average rent price in Parkland, WA 98444?