Parkes, NSW 2870
CabonneAll suburbs in postcode 2870
Updated
Median house price
$455,000
+0.6% over the past year.
Median of 272 house sales · NSW Valuer General · calendar 2025
Selling in Parkes?
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Parkes at a glance
- Median unit
- $205,920
- Weekly rent
- $450
- Houses · units $340
- Population
- 11.3k
- Median age 39
Prices: Median of 272 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2870), June 2026 · Population: 2021 Census
House prices in Parkes
Houses change hands at $455,000 on a typical sale, well below the NSW median (272 house sales, NSW Valuer General, calendar 2025). Units come in around $205,920, roughly 55% below the house median. The 12-month picture is essentially flat performance (+0.6%), so buyers and sellers are negotiating on roughly the same number.
For buyers
A 20% deposit on the median house works out to roughly $91,000. Prices are well below the NSW median, which keeps Parkes on the radar for first-home buyers and right-sizers.
Rental data as of June 2026· NSW rental bond data (postcode 2870)
Free appraisal in Parkes
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What to know about Parkes
Parkes (2870) sits in the Cabonne region of NSW. The median house here is $455,000, well below the NSW median of around $1.10M. Prices have moved +0.6% over the past year, behind the NSW average (3%).
Parkes has roughly 11,324 residents, with a typical family-age mix. Households are mostly owner-occupied. Daily life is car-friendly: most residents drive to work, school and the shops.
What it’s like to live here
Parkes scores 36/100 on walkability, which makes it car-friendly with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 34°C (hot), winter mornings around 3°C (cold). Annual rainfall lands at about 583 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 3 government primary, 1 government secondary, 1 Catholic, 1 independent.
Schools in Parkes
Location
Walkability
- Walk
- 36/100
- Transit
- 10/100
- Bike
- 75/100
Car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Parkes's population at 11,324, with a median age of 39. That sits as a typical family-age mix. Households are mostly owner-occupied (66% own, 29% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (67% family households, 30% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 67%
- Lone person
- 30%
- Owner occupied
- 66%
- Renter occupied
- 29%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 5.14% (median rent $450/wk against a $455,000 price tag). Units yield 8.59% gross, often the better cash-flow play for first-time investors. Renter share is modest (29%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 5.14%
- On the $455,000 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 8.59%
- On the $205,920 median
- 12-month change, housesSource: NSW Valuer General (PSI) · Sept 2026
- +0.6%
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
847 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 583 mm
- Hottest month, avg max
- 33.7°C
- Coldest month, avg min
- 3.2°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Parkes
- What is the median house price in Parkes?
- The median house price in Parkes, NSW 2870 is $455,000 (median of 272 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $205,920. Annual growth is +0.6%.
- How much is my house worth in Parkes?
- A useful starting point is the Parkes median house price of $455,000 (units $205,920). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Parkes a good investment?
- On the published figures, the gross rental yield on houses in Parkes is 5.1%: the median weekly house rent is $450 (NSW rental bond data (postcode 2870), June 2026) against the median house price of $455,000 (NSW Valuer General, calendar 2025). The median house price rose 0.6% over 12 months on the same NSW Valuer General figures. Whether Parkes is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Parkes postcode?
- Parkes is in the 2870 postcode, in NSW, in the Cabonne region.
- Where is Parkes?
- Parkes is a suburb in the Cabonne area, NSW 2870.
- What is the average rent in Parkes?
- The median weekly rent for houses is $450, for units it's $340.
- What schools are in Parkes?
- There are 6 schools serving Parkes on this page, including Holy Family Parish School, Parkes High School, Parkes Public School.
- How walkable is Parkes?
- Parkes has a Walk Score of 36 out of 100, car-dependent for most errands. transit score 10, bike score 75.
- What suburbs are near Parkes?
- Parkes is close to Goobang, Parkesborough, Brolgan, Mugincoble, Tichborne.
- What is the population of Parkes?
- The population of Parkes is approximately 11,324 (2021 Census). The median age is 39.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.