Parkwood Neighborhood Guide

Looking for a quiet, well-connected neighborhood in Southwest Austin that offers comfort, convenience, and a welcoming community? The Parkwood neighborhood guide will help you explore what makes living in Parkwood an attractive choice for buyers who want affordable, move-in ready homes in a peaceful setting. Parkwood is a neighborhood built in the mid 1990s by Milburn Homes (who was bought by DR Horton). Homes range from a modest 1,100 sqft to a moderate 2,220 sqft and sit on moderate sized lots for their size and price point. Residents also have access to a community pool, play ground and jogging path. Whether you are relocating to Austin or searching for your next home, this guide covers neighborhood features, local amenities, dining and coffee spots, places to work out, and fun activities in and around Parkwood. Get practical insight from local Parkwood buyer’s agents and discover if this neighborhood is your perfect fit. Scroll Down to Read our Parkwood Neighborhood Guide.

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Parkwood Neighborhood Map

Parkwood is located off W Dittmar Rd. To get to Parkwood, take 35 to William Cannon and head west. Make a left on S 1st St and a right on W Dittmar Road. Make a left on Latteridge Drive. Parkwood is shaded in blue on the map below. Explore other Southwest Austin neighborhoods in our Southwest Austin Neighborhood Guide. Scroll down to continue reading our Parkwood neighborhood guide.

Why Consider Living in Parkwood

Within easy reach of central Austin but set apart from the bustle, Parkwood delivers a balanced lifestyle for those seeking value, accessibility, and local character. Situated off W Dittmar Road between Menchaca Road and S 1st St, Parkwood provides a welcome escape from heavy traffic thanks to its two distinct sections, separated by Dittmar Neighborhood Park.

You won’t find through-traffic here, keeping the streets calm and making it easy to get to know your neighbors. Large, mature trees line the sidewalks, and the homes have a classic look with brick or stone exteriors, mainly built in the 1990s by Milburn Homes (now DR Horton). Options range from 2 to 4 bedrooms and 2 to 3 bathrooms, with sizes mainly between 949 and 2,344 square feet.

Many buyers appreciate Parkwood for its:

• Affordable South Austin prices
• Low street traffic and quiet surroundings
• Sidewalks shaded by established trees
• Move-in ready homes with traditional styles

Exploring the Neighborhood

What the Streets and Homes Look Like

Parkwood’s design favors privacy and accessibility. Streets loop gently with no major thoroughfare cutting through, and each section surrounds Dittmar Neighborhood Park. Most homes are one or two stories with brick or stone exteriors, and lots average about 0.14 acres.

Expect to see:

• Mostly 3-bedroom, 2-bath homes around 1,500 square feet
• Traditional architecture with a mix of 1 and 2-car garages
• Shady sidewalks perfect for an afternoon walk or morning jog

With steady upgrades and renovations, many of the homes retain their original charm while offering updated kitchens, flooring, or baths.

Amenities Inside Parkwood

Parkwood supports an active lifestyle with several neighborhood features:

• Access to Dittmar Neighborhood Park: Tennis courts, a pool, playgrounds, and jogging paths border the neighborhood and provide space for recreation and relaxation.
• Sidewalks and Mature Trees: The mature landscape and walkability stand out among Austin’s newer developments.
• Community-Feel: With low traffic and friendly neighbors, Parkwood feels like an oasis in Southwest Austin.

Why Home Buyers Choose Parkwood

• Affordability: Median home prices are often well below the nearby Austin average, especially for buyers who want move-in ready homes needing minimal updates.
• Quiet Location: Limited street access means fewer cars and less street noise.
• Central Access: You’re minutes from Menchaca Road’s dining and entertainment scene, Southpark Meadows, and Austin’s network of highways.
• Strong Resale Potential: Stable prices, appealing updates, and a desirable commute make Parkwood a smart long-term choice.
• Neighborhood Parks: Easy access to green space is a rare perk in this price range.

Local Parkwood buyer’s agents recommend the area especially for those wanting modest square footage with all the essentials in place.

Commuting and Getting Around from Parkwood

Parkwood’s location puts you close to major South Austin arteries but with none of the noise. Here’s what you need to know:

• Easy Access: Parkwood sits near William Cannon, Menchaca Road, and S 1st St, providing seamless routes to downtown Austin, the airport, and employer hubs.
• Typical Commute Times: Expect about 20-30 minutes to downtown Austin during peak hours.
• Public Transportation: Several bus lines run on Menchaca and S 1st for straightforward trips to central Austin.
• Minimal Congestion: With the neighborhood’s quiet layout, your daily drives start and end stress-free.

Scroll down to continue reading our Parkwood neighborhood guide.

Parkwood Property Tax Rate

The property tax rate in Southwest Austin’s Parkwood neighborhood is 1.9818% as of the 2024 year. It was 1.8092% as of the 2023 tax year, down from 1.9749% as of the 2022 tax year. The property tax rate was 2.1767% as of the 2021 tax year.

Parkwood Schools

Kids who live in Southwest Austin’s Parkwood neighborhood are served by the Austin ISD and will likely attend the following schools:

• Casey Elementary - 6/10
• Bedichek Middle - 2/10
• Akins High - 3/10

School ratings reflect Great Schools ratings as of June 2025. Ratings are subject to change at any time. Please verify ratings and boundaries with the school district.

Parkwood Sold Data – What Parkwood Homes Actually Sold For

What sold recently in Parkwood and for how much? Where can I find pictures of homes that actually sold? How many days does it take to sell a home in Parkwood? How many homes are currently for sale in Parkwood? What’s the median sold price in Parkwood? What does the 90 day historic market trend look like in Parkwood? How’s the Parkwood market trending?

All of these questions (and more!) can be answered on our Parkwood Sold Data Report.

Coffee Shops for Working or Hanging Out

Remote workers and coffee lovers living in Parkwood are only minutes away from some of South Austin’s favorite cafes, including:

• Radix Coffee House: Known for its calm vibe and reliable WiFi, perfect for focused work sessions.
• Praxis Coffee Roasters: Enjoy specialty coffee by people passionate about their craft.
• The Hive: A creative space with both indoor and outdoor seating, ideal for catching up on emails or collaborating with a friend.
• Drifters Social Coffee & Cocktails: Warm and welcoming if you need a snack and a pick-me-up.
• Cannon Coffee: Friendly staff, excellent pastries, and a cozy setting for casual meetings.
• Jo’s Coffee South Austin: A lively community destination, just a short drive away.

Parkwood’s Best Restaurants and Bars

South Austin is famous for its food scene, and Parkwood puts you close to options for every craving:

• ARTIPASTA Italian Food: House-made pastas and sauces, a favorite for dine-in or carry-out.
• Tacos Ricos: Standout breakfast tacos and lunch plates with quick and friendly service.
• Golden Hour Cafe & Wine Bar: Upscale snacks, a quality wine selection, and live music nights.
• Brick’s Pub: Sports bar classics, local beers, and relaxed atmosphere.
• Hasta La Luna: Known for Mexican favorites and margaritas.
• Winston’s Kitchen: Quick bites with Southern comfort flavors.
• Radfish: Vibrant seafood specials and convenient location.

These venues are perfect for anything from weeknight takeout to lingering weekend brunches.

Where to Stay Active Nearby

Fitness is easy to fit into your routine with these nearby gyms and wellness centers:

• Planet Fitness: Budget-friendly memberships and a full set of equipment
• F45 Training: Group workouts for all levels, with a focus on fast, effective HIIT classes
• Austin Fitness Center: Local, owner-operated gym with personal touch
• Empoderadas Gym: A supportive space, especially popular with strength training and group exercise classes
• Total Kickboxing Fitness: High-energy environment for anyone who loves martial arts-inspired workouts

For outdoor workouts, Dittmar Neighborhood Park connects directly to Parkwood by sidewalks, giving you access to open space for running or relaxing under the trees.

Fun Things to Do Near Parkwood

Parkwood is a springboard to many of Austin’s best local activities and entertainment options. Some ideas include:

• Southpark Meadows: Major shopping with big box and local stores, restaurants, and outdoor concerts.
• Mary Moore Searight Metropolitan Park: Trails, disc golf, horseback riding, and sports fields just a short drive south.
• Dittmar Neighborhood Park: Pool, playgrounds, tennis and basketball courts right in the area.
• St. Elmo Brewing Company: Microbrewery with live music and rotating food trucks nearby.
• Central Market South: Often features live music events and a bustling cafe.
• The Austin Beer Garden Brewing Co. (ABGB): Large patio, excellent pizza, and great beer selection.

Key Takeaways for Prospective Home Buyers

Parkwood offers affordability, tranquility, and convenience for buyers looking for a Southwest Austin location that prioritizes comfort without sacrificing access to the city. With its established homes, quiet streets, close parks, and nearby amenities, it gives you the best of Austin’s local culture.

Looking for trusted guidance? You can work with experienced Parkwood buyer’s agents who know the market trends, local features, and what it takes to secure your ideal home.

Your Next Steps

If you want to explore available homes or schedule a virtual tour, reach out to Parkwood buyer’s agents specializing in Southwest Austin. They offer market insight, data-driven recommendations, and the support needed for a seamless buying experience.

Find your spot in Parkwood and start enjoying the vibrant, relaxed lifestyle of South Austin.

Southwest Austin Realtor Specializing in Parkwood Homes

Contact a Southwest Austin Specializing in Parkwood