Parkville at a glance
Median house
$2,025,000
Median unit
$507,500
Walk score
52
Somewhat walkable
Population
7,297
Median age 26
The brief
What to know about Parkville.
The postcode for Parkville is 3052 (VIC), part of Greater Melbourne.
The median house price in Parkville is $2,025,000.
Parkville (3052) sits in the Moreland region of Victoria. The median house here is $2,025,000, well above the Victoria median of around $850K.
Parkville has roughly 7,297 residents, with a young, transient demographic. Households are dominated by renters. The area is somewhat walkable for a typical errand run, but a car still helps for grocery runs and weekend trips.
Side by side
Compare Parkville with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Parkville scores 52/100 on walkability, which makes it somewhat walkable with workable public transport options. A short drive opens up most amenities; a car-light household is workable but not optimal.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 6 government primary, 6 government secondary, 5 Catholic.
Who lives here
Demographics.
The 2021 Census put Parkville's population at 7,297, with a median age of 26. That sits as a young, transient demographic.
Population
7,297
Median age
26
Family households
–
Lone person
–
Houses change hands at $2,025,000 on a typical sale, well above the Victoria median. Units come in around $507,500, roughly 75% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $405,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
The price of a home here.
Median house price
$2,025,000
+0.0% over the past year. Median unit price $507,500.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$950/wk
Weekly rent (unit)
$670/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$2,025,000
$507,500
7,297
Median age: 26
Rental data as of September 2025· rental-vic
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For investors
Investment overview.
Gross rental yield on houses sits at 2.44% (median rent $950/wk against a $2,025,000 price tag). Units yield 6.87% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.44%
Based on $2,025,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20266.87%
Based on $507,500 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
1,042
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
52
60
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Parkville.
Local schools for Parkville
View the catchment for each school to find out more.
Government School Catchment
Parkville College
Debney Meadows Primary School
Travancore School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Parkville.
- What is the median house price in Parkville?
- The median house price in Parkville, VIC 3052 is $2,025,000. The median unit price is $507,500.
- What is the Parkville postcode?
- Parkville is in the 3052 postcode, in VIC, in the City of Moreland region.
- Where is Parkville?
- Parkville is a suburb of Melbourne, in VIC 3052. It is part of the Greater Melbourne area, in the City of Moreland region.
- What is the average rent in Parkville?
- The median weekly rent for houses is $950, for units it's $670.
- What schools are in Parkville?
- There are 20 schools serving Parkville on this page, including St Michael's Primary School, St Aloysius College, Parkville College.
- How walkable is Parkville?
- Parkville has a Walk Score of 52 out of 100, somewhat walkable. transit score 60, bike score 100.
- What suburbs are near Parkville?
- Parkville is close to Travancore, North Melbourne, Brunswick South, Royal Melbourne Hospital, Princes Hill.
- What is the population of Parkville?
- The population of Parkville is approximately 7,297 (2021 Census). The median age is 26.
For Sale
Parkville
Buying
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Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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