Parkville vs Princes Hill
Princes Hill (median $1,800,000) is roughly 11% cheaper to buy into than Parkville ($2,025,000).
Buying in Parkville or Princes Hill?
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Parkville and Princes Hill side by side
| Measure | Parkville | Princes Hill |
|---|---|---|
| Price and market | ||
| Median house | $2,025,000 | $1,800,000 |
| Median unit | $507,500 | $411,840 |
| Renting | ||
| House rent | $950/wk | – |
| Unit rent | $670/wk | – |
| Owner occupied | – | 53.0% |
| Renter occupied | – | 42.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1082 | 1125 |
| Lifestyle and people | ||
| Walk score | 52 | 100 |
| Transit score | 60 | 60 |
| Bike score | 100 | 100 |
| Population | – | 2,005 |
| Median age | – | 39 |
| Climate | ||
| Annual rainfall | 582 mm | 582 mm |
| Mean max, January | 26.9°C | 26.9°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Princes Hill scores higher on walkability (52/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Princes Hill (1125) sits above Parkville (1082).
- For buyers
- Princes Hill is the lower entry point at $1,800,000 median, 11% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Rental or growth data is incomplete for one or both suburbs. Look at the full investor view on each suburb profile for a complete picture.
- For families
- Princes Hill edges out on average school ICSEA (1125 vs 1082).
Parkville vs Princes Hill: common questions
Is Parkville or Princes Hill cheaper to buy in?
Princes Hill has the lower median house price at $1,800,000, roughly 11% below Parkville ($2,025,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Parkville or Princes Hill have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Princes Hill scores 1125 vs 1082 in Parkville. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Parkville or Princes Hill?
Princes Hill scores 100/100 on walkability vs 52/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Keep comparing
The two suburbs
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