Why Live in Parkwood
Parkwood in Northeast Springfield is a business and industrial district with residential pockets and green spaces. The neighborhood is characterized by its proximity to manufacturing plants, corporate offices, and retailers, yet maintains a sense of tranquility. Main roads like Kearney Street and Glenstone Avenue intersect here, lined with hotels, retailers, and restaurants. Notable dining options include Fire & Ice Restaurant & Bar, located in the Oasis Hotel & Convention Center, and Echelon Coffee, known for its specialty lattes and pastries. Big box retailers such as Walmart and Aldi cater to essential shopping needs. Parkwood also features attractions like BigShots Golf, where visitors can enjoy food, drinks, and a driving range. The neighborhood is home to the Bass Pro Shop Base Camp and several manufacturing plants, including those of Pepsi and French's, providing local employment opportunities. Residential areas are concentrated in the west end, featuring ranch-style homes from the 1940s to 1970s on quarter-acre lots. These homes typically offer 1,200 to 1,300 square feet of living space, with two to three bedrooms and attached two-car garages. Parkwood Park, with its playground and open grassy field, is easily accessible, while Valley Water Mill Park, located 4 miles north, offers a 13-acre lake and nature trail. The neighborhood is about a 5-mile drive from Downtown Springfield, with public buses available from Kearney Street and Glenstone Avenue. Interstate 44 runs along the north side, facilitating travel to St. Louis and Tulsa.
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 is a suburban neighborhood. Parkwood has 6 parks for recreational activities. It is sparse in population with 0.9 people per acre and a median age of 34. The average household income is $51,305 which is below the national average. College graduates make up 38.5% of residents. A majority of residents in Parkwood are renters, with 68.4% of residents renting and 31.6% 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 $169,900. If you put a 20% down payment of $34,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $850 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $36K a year to afford the median home price in Parkwood. The average household income in Parkwood is $51K.
What are the best public schools in Parkwood?
The best public schools that serve Parkwood are:
- Pleasant View K-8 School has a B- Niche grade, a student teacher ratio of 16:1 and an average review score of 4.7.
- Reed Academy has a B- Niche grade, a student teacher ratio of 12:1 and an average review score of 1.7.
- Hillcrest High School has a C+ Niche grade, a student teacher ratio of 17:1 and an average review score of 3.5.
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, Springfield, MO?
What are the most popular neighborhoods near Parkwood, Springfield, MO?
Home Trends in Parkwood, MO
On average, homes in Parkwood, Springfield sell after 20 days on the market compared to the national average of 52 days.
Median Single Family Sale Price
$169,900
Average Price Per Sq Ft
$162
Number of Homes for Sale
3
Last 12 months Home Sales
11
Median List Price
$169,900
