Frequently Asked Questions Why Live in Parklea Addition
Is Parklea Addition a good place to live?
Parklea Addition is a good place to live. Parklea Addition is considered somewhat walkable and somewhat bikeable. It is somewhat dense in population with 7.3 people per acre and a median age of 34. The average household income is $77,662 which is below the national average. College graduates make up 12.4% of residents. A majority of residents in Parklea Addition are home owners, with 28.7% of residents renting and 71.3% of residents owning their home. A
local real estate agent serving Parklea Addition can help you decide if this neighborhood is the right one for you. Learn more on our
Parklea Addition neighborhood guide.
How much do you need to make to afford a house in Parklea Addition?
The median home price in Parklea Addition is $179,900. If you put a 20% down payment of $36,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $910 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $39K a year to afford the median home price in Parklea Addition. The average household income in Parklea Addition is $78K.
What are the best public schools in Parklea Addition?
The best public schools that serve Parklea Addition are:
What are the best private schools in Parklea Addition?
The best private schools that serve Parklea Addition are:
What are the most popular zip codes in Parklea Addition, Midland, TX?
What are the most popular neighborhoods near Parklea Addition, Midland, TX?
Are home prices dropping in Parklea Addition?
Yes, home prices in Parklea Addition are down 28% in the last 12 months.
Home Trends in Parklea Addition, TX
On average, homes in Parklea Addition, Midland sell after 81 days on the market compared to the national average of 52 days. The median sale price for homes in Parklea Addition, Midland over the last 12 months is $125,000, down 32% from the median home sale price over the previous 12 months.
Median Sale Price
$125,000
Median Single Family Sale Price
$125,000
Average Price Per Sq Ft
$140
Number of Homes for Sale
0
Last 12 months Home Sales
1
Median List Price
$179,900
Median Change From 1st List Price
31%
Median Home Sale Price YoY Change
-32%