The typical owner-occupied home in Parks is worth about $622,300, 58% above the Arizona median of $394,500 and 87% above the national median of $332,700. Owners pay a median $1,665 a year in property taxes, about 0.27% of their home's value, lower than the Arizona rate of 0.48%. The median household earns $78,333 a year, so the median home costs 7.9 times the median income (4.9 times for Arizona). 96% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Parks at a glance
| Parks | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $622,300 | $394,500 | $332,700 |
| Median property tax paid per year | $1,665 | $1,879 | $3,119 |
| Property tax as a share of value | 0.27% | 0.48% | 0.94% |
| Median household income | $78,333 | $79,964 | $80,734 |
| Homes lived in by their owners | 96% | 67% | 65% |
| Owner homes with a mortgage | 55% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,915 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 22.9% | 20.5% | 21.0% |
| Median rent | – | $1,543 | $1,413 |
| Median year homes were built | 1991 | 1992 | 1980 |
| Vacant homes | 43.1% | 10.5% | 10.1% |
| Population | 1,706 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Parks
At this week's average 30-year rate of 7.11%, buying the median Parks home of $622,300 with 20% down costs about $3,748 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,785, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $160,642 for the 20%-down payment. That payment is 57% of the median Parks household income of $78,333; at that income and 20% down, the 28% guideline points to a home of about $303,000.
| Down payment | $124,460 |
|---|---|
| Loan amount | $497,840 |
| Principal and interest | $3,349 |
| Property taxes (0.27% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $259 |
| PMI | $0 |
| Total per month | $3,748 |
Change the numbers in the calculator
| Down payment | $21,780 |
|---|---|
| Loan amount | $611,029 |
| Principal and interest | $4,110 |
| Property taxes (0.27% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $259 |
| FHA mortgage insurance | $275 |
| Total per month | $4,785 |
Change the numbers in the calculator
Questions about home buying in Parks
What is the median home value in Parks?
About $622,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Parks?
Homeowners pay a median $1,665 a year, which is about 0.27% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Parks?
For the median home with 20% down at 7.11%, the payment is about $3,748 a month. Keeping that under 28% of gross income takes about $160,642 a year.
More about Parks
- Mortgage Refinance in Parks
- Debt Relief in Parks
- Home Equity Loans in Parks
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data