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Parkwood, Washington Demographics & Population 2026

During the 2020–2024 ACS period, Parkwood, Washington had a total population of 6,873, the 165th largest community in Washington, with a median household income of $88,625, which is 10% lower than the state average. The poverty rate is 7.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Parkwood Quick Facts

Population 6,873
Median Household Income $88,625
Median Home Value $441,400
Poverty Rate 7.6%
Unemployment Rate 3.7%
Median Age 37.3 years
Homeownership Rate 62.1%
Affordability Ratio 5.0x
Bachelor's Degree or Higher 22.7%
High School Graduation Rate 92.9%
Diversity Index 49/100
Population 6,873 165th of 628
Median Income $88,625 average
Poverty Rate 7.6% 39% lower than national
Median Home Value $441,400 average

How Parkwood Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population6,9766,873-1.5%
Median household income$92,188$88,625-3.9%
Median home value$418,100$441,400+5.6%

How Parkwood Compares

Economy & Housing

Household Income Distribution

Under $25K 13.4%
$25K-$50K 10.7%
$50K-$100K 36.1%
$100K+ 39.8%
Detailed income brackets
Under $10K
4.3%
$10K-$15K
2.6%
$15K-$20K
3.9%
$20K-$25K
2.6%
$25K-$30K
1.9%
$30K-$35K
0.4%
$35K-$40K
2.7%
$40K-$45K
2.6%
$45K-$50K
3.1%
$50K-$60K
7.0%
$60K-$75K
10.3%
$75K-$100K
18.8%
$100K-$125K
15.3%
$125K-$150K
5.8%
$150K-$200K
11.5%
$200K+
7.2%

Employment

3.7% Unemployment Rate State: 5.1%|National: 5.2%
61.4% Labor Force Participation

Housing Overview

Owner 62.1%
Renter 37.9%
Affordability Index Expensive
5.0x home value to income ratio
Median gross rent $1,778/mo 24.1% of median household income annually

People & Demographics

Diversity Index

49out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 56 | National average: 61

Education

Parkwood Rankings in Washington

#165 Population of 628
#274 Median Income of 570
#366 Education of 628
#303 Home Value of 584

Other Cities in Kitsap County

CityPopulationMedian IncomePovertyHome Value
Bremerton 44,830 $74,940 13.8% $439,400
Bainbridge Island 24,631 $172,188 3.5% $1,155,900
Silverdale 20,685 $105,483 6.2% $555,300
Port Orchard 17,149 $89,795 9.7% $539,700
Poulsbo 12,165 $116,250 9.3% $620,100
Tracyton 6,137 $103,935 9.1% $470,200
Bangor Base 6,112 $79,918 5.4% N/A
Manchester 5,956 $126,371 11.9% $478,200
East Port Orchard 4,725 $75,320 10.4% $435,900
Bethel 4,394 $79,583 16.2% $473,900

Cities Similar to Parkwood

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Mead6,893$77,045$408,20028.9%7.4%
Steilacoom6,686$100,851$655,00047.8%11.1%
Clover Creek7,345$95,061$471,90022.3%12.6%
Woodland6,487$81,193$438,80013.6%12.8%
Country Homes6,198$84,653$429,40030.7%14.2%

Population Overview

Parkwood is a small city located in Washington, within Kitsap County. The total population is 6,873. It ranks as the 165th most populous out of 628 Census-designated places in Washington.

Age Demographics

The median age in Parkwood is 37.3 years. This is 3% lower than the state median of 38.3 years.

Economy, Income & Housing

The median household income in Parkwood is $88,625. This is 10% lower than the state median of $98,141. It is also 10% higher than the national median of $80,734. The poverty rate stands at 7.6%. This is 23% lower than the state poverty rate of 9.9%. The unemployment rate is 3.7%. This is 28% lower than the state rate of 5.1%. The median home value is $441,400. Housing costs are 22% lower than the state median of $564,600. The home-value-to-income ratio is 5.0x. 62.1% of occupied housing units are owner-occupied. This homeownership rate is 3% lower than the state average of 63.8%.

Race & Ethnicity

The largest racial or ethnic group in Parkwood is White (non-Hispanic), making up 69.5% of the population. Hispanic or Latino residents account for 13.1%. The Black or African American population (1.9%) is well below the state average of 3.9%. The Asian population (3.2%) is well below the state average of 9.7%.

Education

22.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 43% lower than the state rate of 39.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.9%.

Data Sources & Methodology

All demographic data for Parkwood, Washington is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Washington state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 628 Census-designated places in Washington. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Parkwood, Washington?

Parkwood, Washington has a population of 6,873 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Parkwood, WA?

The median household income in Parkwood is $88,625, which is 10% higher than the national median of $80,734.

What is the poverty rate in Parkwood, WA?

The poverty rate in Parkwood is 7.6%. This means approximately 515 residents live below the federal poverty line.

What is the racial makeup of Parkwood, Washington?

Parkwood's population is 69.5% White, 1.9% Black, 13.1% Hispanic/Latino, and 3.2% Asian.

What is the median home value in Parkwood, WA?

The median home value in Parkwood is $441,400. The home-value-to-income ratio is 5.0x.

How educated is Parkwood, Washington?

22.7% of adults (25+) in Parkwood hold a bachelor's degree or higher, and 3.7% hold a graduate or professional degree.