Why Live in Parkwood
Parkwood in Florence, SC, is a neighborhood characterized by its brick ranch-style and Craftsman homes, typically offering up to 2,400 square feet of living space with three bedrooms and two bathrooms. The area is dotted with oak trees and modest bushes, with homes often separated by short chain link fences or backing onto the woods along Middle Swamp. Street parking is rare due to the prevalence of driveways and some garages. Parkwood is known for its affordability compared to nearby neighborhoods, with property taxes being notably low. Residents enjoy proximity to several recreational spaces, including the popular Rail Trail, a 5-mile paved walking path with forested surroundings and amenities like a brewery and food trucks. Jeffries Creek Park offers walking trails, a playground, and picnic areas, while Freedom Park features a sports complex with baseball fields and dirt paths. The nearby Pamplico Highway provides access to various businesses and dining options, such as Zapatas Mexican Grill and Lulu's Coffee Shop. Parkwood students attend schools in the Florence 1 School District, with South Florence High School being highly rated for its fine arts programs. The neighborhood is about 4 miles from Downtown Florence and 5 miles from Florence Regional Airport, making it convenient for commuting and travel.
Frequently Asked Questions
Is Parkwood a good place to live?
Parkwood is a good place to live. Parkwood is considered very car-dependent and somewhat bikeable. Parkwood has 4 parks for recreational activities. It has a median age of 40. The average household income is $81,500 which is below the national average. College graduates make up 33.9% of residents. A majority of residents in Parkwood are home owners, with 32.8% of residents renting and 67.2% of residents owning their home. A
local real estate agent serving Parkwood can help you decide if this neighborhood is the right one for you. Learn more on our
Parkwood neighborhood guide.
How much do you need to make to afford a house in Parkwood?
The median home price in Parkwood is $400,000. If you put a 20% down payment of $80,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $89K a year to afford the median home price in Parkwood. The average household income in Parkwood is $82K.
What are the best public schools in Parkwood?
The best public schools that serve Parkwood are:
What are the best private schools in Parkwood?
The best private schools that serve Parkwood are:
What are the most popular zip codes in Parkwood, Florence, SC?
What are the most popular neighborhoods near Parkwood, Florence, SC?
Are home prices dropping in Parkwood?
Yes, home prices in Parkwood are down 26% in the last 12 months.
Home Trends in Parkwood, SC
On average, homes in Parkwood, Florence sell after 126 days on the market compared to the national average of 70 days. The median sale price for homes in Parkwood, Florence over the last 12 months is $380,000, up 35% from the median home sale price over the previous 12 months.
Median Sale Price
$380,000
Median Single Family Sale Price
$332,000
Median 2 Bedroom Sale Price
$375,000
Median 1 Bedroom Sale Price
$380,000
Average Price Per Sq Ft
$511
Number of Homes for Sale
2
Last 12 months Home Sales
7
Median List Price
$400,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
35%