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Parkes, NSW 2870
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$480,000
market range $450K-$525K
Median Unit
$585,000
list-price estimate
Gross Yield (houses)
4.8%
1yr Growth (houses)
+7.0%
market range +0.0% to +12.5%
Investment snapshot for Parkes
Parkes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parkes market and investor summary
In Parkes, NSW 2870, the median house sells for around $480K, on a gross rental yield of 4.8% for houses. House prices have moved +7.0% over the past year and -2.8% over three years. At 2.7% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.8% is neither a standout cashflow play nor a pure growth bet.
Living in Parkes: people, income and schools
About 11,324 people live in Parkes, a number that has held fairly steady over five years. At a median age of 39, it reads as broadly working-age, and families account for 67% of households.
The typical household income runs to around $73,000 a year (about $1,400 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to about 6.6 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 6 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Most day-to-day errands are doable on foot; the suburb scores 80 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 11,324
- -1% over 5yr
- Median age
- 39 years
- Median household income
- $73,000/yr
- Households renting
- 29%
- Family households
- 67%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 6
- avg ICSEA 911
- Unemployment
- 4.1%
- Walk score
- 80/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parkes
View all →Frequently asked questions about Parkes
What should I check before investing in Parkes?
Parkes has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +7.0% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Parkes?
The median property price in Parkes, NSW 2870 is $480K for houses.
What rental yield does Parkes show?
The gross rental yield in Parkes is 4.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Parkes?
House prices in Parkes are up 7.0% over the past year and down 2.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Parkes?
The current vacancy rate in Parkes is 2.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Parkes?
Parkes has a population of approximately 11,324 residents, with a median age of 39.
What schools are near Parkes?
There are 6 schools within roughly 5km of Parkes. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Parkes affordable to buy in?
A median house in Parkes costs about 6.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Parkes's population growing?
The population of Parkes has fallen about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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