The typical owner-occupied home in Parksville is worth about $200,000, 23% below the South Carolina median of $259,000 and 40% below the national median of $332,700. Owners pay a median $625 a year in property taxes, about 0.31% of their home's value, lower than the South Carolina rate of 0.48%. The median household earns $40,625 a year, so the median home costs 4.9 times the median income (3.7 times for South Carolina). 78% of occupied homes here are lived in by their owners, and 8% of those owners still have a mortgage.
Parksville at a glance
| Parksville | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $200,000 | $259,000 | $332,700 |
| Median property tax paid per year | $625 | $1,251 | $3,119 |
| Property tax as a share of value | 0.31% | 0.48% | 0.94% |
| Median household income | $40,625 | $69,324 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 8% | 57% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,529 | $1,963 |
| Median rent | $644 | $1,180 | $1,413 |
| Rent as a share of renters' income | 19.4% | 31.1% | 30.6% |
| Median year homes were built | 1952 | 1992 | 1980 |
| Vacant homes | 10.5% | 13.3% | 10.1% |
| Population | 82 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Parksville
At this week's average 30-year rate of 7.11%, buying the median Parksville home of $200,000 with 20% down costs about $1,211 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,544, 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 $51,914 for the 20%-down payment. That payment is 36% of the median Parksville household income of $40,625; at that income and 20% down, the 28% guideline points to a home of about $157,000.
The median rent here is $644 a month, so owning the median home costs about $567 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,000 |
|---|---|
| Loan amount | $160,000 |
| Principal and interest | $1,076 |
| Property taxes (0.31% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,211 |
Change the numbers in the calculator
| Down payment | $7,000 |
|---|---|
| Loan amount | $196,378 |
| Principal and interest | $1,321 |
| Property taxes (0.31% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,544 |
Change the numbers in the calculator
Questions about home buying in Parksville
What is the median home value in Parksville?
About $200,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Parksville?
Homeowners pay a median $625 a year, which is about 0.31% 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 Parksville?
For the median home with 20% down at 7.11%, the payment is about $1,211 a month. Keeping that under 28% of gross income takes about $51,914 a year.
More about Parksville
- Mortgage Refinance in Parksville
- Debt Relief in Parksville
- Home Equity Loans in Parksville
- 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