$214,934Average Value$164Average Price per Sq Ft5Homes For Sale
Refinery jobs and relatively affordable homes near Houston in Parkwood
Parkwood is a neighborhood in northeast Pasadena, Texas, a suburb of Houston. It is located right on the border of the neighboring community of Deer Park, and just south of Texas Route 225, a major Houston area thoroughfare lined with oil refineries. “There are lots of jobs for refinery workers,” says Yvonne Pruneda, Realtor associate with Nan & Co. Properties, who also grew up in Pasadena. Those jobs are a significant part of the area’s appeal. Home prices are another. “There are some parts of Pasadena that are a little more expensive, but most of the neighborhoods are usually under $300,000,” Pruneda says. The Deer Park Independent School District serves the area and earns an A from Niche.
Ranch-style homes at comparatively low prices
Homes in Parkwood are largely ranch-style homes, though some bi-levels and split-levels are also present. Much of these properties are from the mid-century: the median build year here is 1959. Prices range from $160,000 to $270,000, with a median price well below Houston’s median of $345,000. Homes sell at about the same rate as the national average, spending 53 days on the market on average. Sidewalks, attached garages and carports are common. Well-kept lawns and spaced-out trees of all sizes create the open atmosphere of a classic midcentury American suburb.
Ranch style homes dominate the residential landscape of Parkwood.
Many homes in Parkwood boast one or two car attached garages.
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Deer Park schools get high marks from Niche
While technically still a Pasadena neighborhood, Parkwood students can attend the Deer Park Independent School District. While Parkwood Elementary School bears the neighborhood’s name and serves kindergarten through second grade, according to GreatSchools, students in this neighborhood are assigned to Deepwater Elementary, a K-through-5 school rated a B-minus by Niche. Deepwater Junior High earns a B-plus. Deer Park High School, which is split into multiple campuses, with grade 9 at North Campus and 10 through 12 at South Campus, earns an A-minus. Wolters Campus, also part of Deer Park High, is an alternative program to which students can apply. Students at Deer Park High can earn dual credit through San Jacinto College. “It’s nearby and accessible,” Pruneda says. “It’s good for people to know about the college."
Deepwater Junior High School serves Parkwood, Deepwater, and other communities in Pasadena, TX.
Deer Park High School, near Parkwood and Deepwater, is a great place to learn and grow.
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Two Texas highways connect Parkwood to the Houston area
The Sam Houston Tollway runs along the neighborhood’s eastern edge, and Texas Route 225 runs across Parkwood’s northern border. Houston is about 17 miles away via 225. George Bush Intercontinental Airport is about 27 miles north. HCA Houston Healthcare Southeast is 5 miles from Parkwood. Residents here will probably want a car, as there isn't public transportation.
Recreation includes Deepwater Park Complex, a nature preserve and a theater
The Deepwater Park Complex provides the neighborhood with sports courts and fields, picnic areas and a playground. Softball and baseball games run at Ben Briar Park, south of Parkwood. Residents can head 12 miles southeast to Pasadena’s Armand Bayou Nature Center for a more intensive nature outing. This natural area offers miles of trails for wildlife viewing, kayak tours and various educational activities for visitors. Cinemark Hollywood Pasadena shows the latest blockbusters.
The Deepwater Park Complex is located in the heart of Parkwood, and offers numerous activities.
Catch the latest flick at Cinemark Hollywood in Parkwood, open 7 days a week.
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Shopping and dining essentials close to home
While Houston proper isn’t far away, Parkwood residents can get all the essentials close to home. “You can live there and not venture out unless you really want to,” Pruneda says. “Everything you need is here.” Regio Rey, The Ranchito and Taqueria Los Agaves serve Mexican food. Chain restaurants line Red Bluff Road, south of the neighborhood. Market Center Shopping Center is just over 2 miles away. The Kroger near Market Center is the closest option for groceries.
Regio Rey, in Parkwood, is one of the most popular lunch time locations.
Residents of Parkwood can stop by Kroger for fresh meat and produce.
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Pasadena celebrates strawberries and holidays
One of the biggest events in Pasadena is the annual Strawberry Festival, which has run for over 50 years. Some 60,000 attendees flock to the four-day event, which features everything from live music to a beauty pageant, car show and mud volleyball. The city also puts on holiday events, such as a Halloween Monster Mash, a tree-lighting ceremony and an Independence Day celebration.
Important to know
Pasadena has information on its city website about hurricane preparedness and offers an alert system that residents can sign up for. The Houston metro area is on the Gulf Coast, and has suffered flooding, infrastructure damage and power outages during Hurricane Ike in 2008 and Hurricane Beryl in 2024.
Due to its proximity to the Gulf Coast, residents of Parkwood must always be weather alert.
Parkwood can suffer from seasonal weather events such as hurricanes and flooding.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
On average, homes in Parkwood, Pasadena sell after 54 days on the market compared to the national average of 52 days. The median sale price for homes in Parkwood, Pasadena over the last 12 months is $214,900, down 10% from the median home sale price over the previous 12 months.
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