Why Live in Parkway
Parkway, a Southwest Rochester neighborhood, is known for its seasonal activities and proximity to Downtown, just over a mile away. Residents enjoy skating at Soldiers Field rink in winter and golfing at Soldiers Field course in summer. The neighborhood features 1930s-era cottages, mid-1950s ranch-style houses, and pre-World War II Foursquares, Tudors, and Colonial Revivals. Homes typically sit on modest lots under a quarter acre, with larger properties on Memorial Parkway. Parkway’s southern boundary, Highway 14, hosts fast food drive-thrus, car dealerships, and the Apache Mall, home to over 100 stores including JCPenney and Macy’s. Dining options range from HuHot Mongolian Grill to Newt’s South, known for its specialty burgers. The Workshop food hall offers community events like Trivia nights and Karaoke. The Plummer House, a historic site with year-round garden access, borders Parkway to the north. Families frequent the Soldiers Field Golf Course and Aquatic Center, and the Rochester Farmers Market is a popular weekend destination. Parkway students attend the highly rated Folwell Elementary School and Mayo High. Downtown Rochester, with its Mayo Clinic facilities and pedestrian-friendly infrastructure, is less than 2 miles away. Rochester Public Transit provides hourly bus service, and the Twin Cities are about 90 miles away.
Frequently Asked Questions
Is Parkway a good place to live?
Parkway is a good place to live. Parkway is considered somewhat walkable and very bikeable. Parkway has 1 park for recreational activities. It has a median age of 40. The average household income is $185,876 which is above the national average. College graduates make up 68.9% of residents. A majority of residents in Parkway are home owners, with 26.6% of residents renting and 73.4% of residents owning their home. A
local real estate agent serving Parkway can help you decide if this neighborhood is the right one for you. Learn more on our
Parkway neighborhood guide.
Is Parkway, MN a safe neighborhood?
Parkway, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Parkway?
The median home price in Parkway is $496,950. If you put a 20% down payment of $99,400 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $2,580 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $111K a year to afford the median home price in Parkway. The average household income in Parkway is $186K.
What are the best public schools in Parkway?
The best public schools that serve Parkway are:
What are the best private schools in Parkway?
The best private schools that serve Parkway are:
What are the most popular zip codes in Parkway, Rochester, MN?
What are the most popular neighborhoods near Parkway, Rochester, MN?
Home Trends in Parkway, MN
On average, homes in Parkway, Rochester sell after 12 days on the market compared to the national average of 51 days. The median sale price for homes in Parkway, Rochester over the last 12 months is $449,900, up 29% from the median home sale price over the previous 12 months.
Median Sale Price
$449,900
Median Single Family Sale Price
$496,950
Average Price Per Sq Ft
$215
Number of Homes for Sale
1
Last 12 months Home Sales
3
Median List Price
$496,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
29%