Parkville, Kansas City, MO—64151
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkville, Kansas City, MO
As of Oct '25, the median home price in Parkville, Kansas City, MO is $338,000, with a year-over-year change of 1.8%. This indicates that home prices in Parkville, Kansas City, MO are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $338,000 | 1.8% |
| Single Family | $339,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 2.6% |
3 Bed | $310,000 | 2.0% |
4 Bed | $422,000 | 1.4% |
| 5 Bed | $507,000 | 1.2% |
% of Housing Stock
Rental Trends — Parkville, Kansas City, MO
As of July '25, Rentcast reports the average rent in Parkville, Kansas City, MO is $1,900, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Parkville, Kansas City, MO is studios: $994, 1-bedrooms: $1,160, 2-bedrooms: $1,340, 3-bedrooms: $2,090, 4-bedrooms: $2,560. The most common rental property sizes in Parkville, Kansas City, MO are 2-bedroom and 1-bedroom, accounting for 45.0% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,900 |
| Studio Rent | $789 | $994 |
| 1 Bed Rent | $1,240 | $1,160 |
| 2 Bed Rent | $1,290 | $1,340 |
| 3 Bed Rent | $2,070 | $2,090 |
| 4 Bed Rent | $2,460 | $2,560 |
% of Rental Stock
Property Listings — Parkville, Kansas City, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Parkville, Kansas City, MO is 38. This is a increase of 16.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $367,000 | -8.0% |
Listing Count | 108 | 33.0% |
| Listings as % of Homes | 0.6% | 33.0% |
Days on Market | 38 | 16.0% |
Demographics — Parkville, Kansas City, MO
As of the latest ACS Survey released in 2023, Parkville, Kansas City, MO has a population of 28,700, which has increased by 7.2% over the past 5 years. Parkville, Kansas City, MO is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 42.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | 7.2% |
% Under 18 | 22.3% | 0.5% |
% Seniors | 18.2% | 34.8% |
% WFH | 15.4% | 208.0% |
% w/ College Degree | 42.0% | -0.5% |
As of the latest ACS Survey released in 2023, Parkville, Kansas City, MO is a predominantly white area, with 71.6% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Parkville, Kansas City, MO is black, making up 12.3% of the population. Foreign-born residents account for 7.0% of the population in Parkville, Kansas City, MO, and this percentage has increased by 20.7% 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 | 71.6% | -4.4% |
% Black | 12.3% | 8.8% |
% Hispanic | 7.9% | -12.2% |
% Asian | 2.3% | -8.0% |
% Foreign Born | 7.0% | 20.7% |
Mortgage and Risk — Parkville, Kansas City, MO
According to HUD data as of 2023, there were 505 mortgage originations in Parkville, Kansas City, MO, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Parkville, Kansas City, MO. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 505 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Parkville, Kansas City, MO
As of 2024, the percent of homes in Parkville, Kansas City, MO under the Section 8 program is 6.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Parkville, Kansas City, MO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 383 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 73.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,240 | $1,290 |
| 2 Bedroom | $180 | $1,290 | $1,470 |
| 3 Bedroom | -$150 | $2,070 | $1,920 |
| 4 Bedroom | -$190 | $2,460 | $2,270 |
Affordability — Parkville, Kansas City, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $338,000 |
| Median Household Income | $91,300 |