Why Live in Parkwood Estates
Parkwood Estates, located 7 miles north of downtown Nashville, is a densely populated suburban neighborhood that balances proximity to the vibrant city life with a quieter residential atmosphere. The area features mostly 1960s single-family ranch-style and split-level homes, many of which sit on fair-sized lots with private driveways and some with attached garages. Tree-lined streets add to the residential feel, although there are no sidewalks. Parkwood Estates is undergoing significant development as businesses expand beyond downtown Nashville. Parkwood Park is a central feature, offering a playground, basketball court, community center, and youth programs. The park is currently undergoing renovations to enhance its facilities. The Parkwood Neighborhood Association fosters a strong sense of community through annual events and regular clean-ups. Shopping and dining options are plentiful, with a Walmart Supercenter less than a mile away and various fast-food chains and local restaurants nearby. Major interstates, including I-65 and I-24, border the neighborhood, providing quick access to downtown and other areas. Nashville International Airport is 13 miles east, and WeGo Public Transit offers an alternative to driving. Parkwood Estates is considered car-dependent, making personal vehicles the primary mode of transportation.
Frequently Asked Questions
Is Parkwood Estates a good place to live?
Parkwood Estates is a good place to live. Parkwood Estates is considered very car-dependent and somewhat bikeable with some transit options. Parkwood Estates is a suburban neighborhood. Parkwood Estates has 6 parks for recreational activities. It is somewhat dense in population with 6.5 people per acre and a median age of 35. The average household income is $47,204 which is below the national average. College graduates make up 13.6% of residents. A majority of residents in Parkwood Estates are renters, with 55.3% of residents renting and 44.7% of residents owning their home. A
local real estate agent serving Parkwood Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Parkwood Estates neighborhood guide.
How much do you need to make to afford a house in Parkwood Estates?
The median home price in Parkwood Estates is $359,999. If you put a 20% down payment of $72,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,830 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Parkwood Estates. The average household income in Parkwood Estates is $47K.
What are the best public schools in Parkwood Estates?
The best public schools that serve Parkwood Estates are:
What are the best private schools in Parkwood Estates?
The best private schools that serve Parkwood Estates are:
What are the most popular zip codes in Parkwood Estates, Nashville, TN?
What are the most popular neighborhoods near Parkwood Estates, Nashville, TN?
Are home prices dropping in Parkwood Estates?
Yes, home prices in Parkwood Estates are down 8% in the last 12 months.
Home Trends in Parkwood Estates, TN
On average, homes in Parkwood Estates, Nashville sell after 34 days on the market compared to the national average of 52 days. The median sale price for homes in Parkwood Estates, Nashville over the last 12 months is $330,325, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$330,325
Median Single Family Sale Price
$330,650
Average Price Per Sq Ft
$217
Number of Homes for Sale
3
Last 12 months Home Sales
16
Median List Price
$359,999
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-10%