Real Estate in Pakenham VIC

What Does Your Budget Buy in Pakenham?

The $711K median tells you very little. Here is what each price band looks like, based on block-level data across 453 microburbs with price data.

$353K - $651K

Entry level. Older stock, smaller lots, properties needing work.

$651K - $711K

Mid-range. Updated homes on standard lots. Solid family options.

$711K - $779K

Upper range. Renovated or larger homes in sought-after pockets.

$779K - $13.2M

Premium. Top-tier homes, best positions, fully renovated or new builds.

Layer:

521 microburbs mapped. Houses: $353K to $13.2M. Full Pakenham report

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What Makes Pakenham Different

What agents are selling

Based on 200 listing descriptions analysed by Microburbs.

Cafe and dining suburb (77% of listings mention it). 55% modern or contemporary stock
Green and leafy (73%), 68% have outdoor entertaining, 40% emphasise quiet streets
Connected by train (42%), walkable (78%)
Draws families, downsizers, first home buyers, investors. 83% fully renovated, limited fixer-upper stock
school access is a major selling point (71% of listings)

The numbers

Median house $711K. Median unit $526K. Rent $566/wk
Gross rental yield 4.1%
71% freestanding houses. Detached housing dominates
Prices range $353K to $13.2M across 521 blocks. $12.8M spread within the suburb
Most-traded street: Melissa Way (35 sales, median $320K)
780% below Officer South ($6.3M)

Pakenham Has 4 Distinct Price Tiers

Prices vary by over $12.8M depending on which block you buy. The suburb splits into clear micro-markets.

Entry Level (Acacia, Ahern, Almond, Altitude)

Median $612K, range $353K to $651K
113 microburbs in this price band
Older stock, smaller lots, or properties needing work
Best value entry point to the suburb

Core Family (Abrehart, Acacia, Acre, Adrian)

Median $680K, range $651K to $711K
113 microburbs in this price band
Updated homes on standard lots
Highest sales volume sits in this band

Upper Range (Aberdeen, Acorn, Acre, Adam)

Median $740K, range $711K to $778K
113 microburbs in this price band
Renovated or larger homes in sought-after streets

Premium (Adrian, Adriatic, Age, Ahern)

Median $844K, range $779K to $13.2M
114 microburbs in this price band
Top-tier positions, fully renovated or new builds
Tightly held. Rarely come to market

Street-Level Median Prices

Median house price by street, top 8 streets by sales volume.

Street	Median	Total Sales	% Renters	Turnover
Melissa Way	$320K	35	58%	4.3 yrs
Atlantic Drive	$397K	32	65%	6.3 yrs
King Street	$344K	26	32%	4.7 yrs
Henry Street	$333K	23	24%	11.1 yrs
Manna Gum Drive	$335K	22	52%	4.0 yrs
Wakenshaw Crescent	$330K	21	45%	3.4 yrs
Kosta Boda Boulevard	$465K	18	23%	5.6 yrs
Alapont Close	$390K	15	50%	10.2 yrs

More streets available in the full Pakenham report.

Street Price Trends . See historical price trends for every street in the full Pakenham report.

Get Street Data

Confirmed Sales (to March 2026)

Address	Sale Price	AVM Value	vs AVM	Bed/Bath/Gar	Land	Date
6 Chelan Court	$372,500	$680,000	-45%	4/2/2	374sqm	2023-06
3 Darvell Court	$460,000	$550,000	-16%	3/2/1	641sqm	2023-06
15 Licodia Drive	$332,300	$695,000	-52%	4/2/2	610sqm	2023-06
6 Jacobs Court	$475,000	$695,000	-32%	4/2/2	811sqm	2023-06
11 Spinebill Court	$162,000	$575,000	-72%	3/2/1	--	2023-06
40 Sandalwood Drive	$435,000	$680,000	-36%	4/2/2	567sqm	2023-06

Blurred valuations are in the full report. More sales in the full Pakenham report.

Currently For Sale

Address	Guide	AVM Value	Bed/Bath	Type
58 Ebony Drive	$250,000	$650K	4/2	House
2 David Street	$133,000	$540K	3/2	House
2A Mccaffery Rise	$300,000	$685K	4/2	House
18 Ibis Close	$397,000	$640K	3/2	House
15 Kathryn Close	$285,000	$645K	4/2	House

5 properties listed. Blurred valuations are in the full report. See all Pakenham listings.

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Rental Market

Rent data across 447 microburbs with rental listings.

$236/wk

Lowest Rent

$566/wk

Median Rent

$1,368/wk

Highest Rent

Rent varies from $236/wk to $1,368/wk across different blocks. Gross yield is approximately 4.1%. See rental yield by block in the full report.

What Homes Look Like in Pakenham

Based on 550 listing descriptions analysed. Shows how often each feature appears.

Ensuite

77%

Outdoor Entertaining

67%

Large Kitchen

35%

Natural Light

28%

Views

9%

Pool

4%

Good Aspect

3%

Renovation Profile

Based on 412 listings: Fully renovated (83%), Partially renovated (14%), Needs renovation (3%).

Feature data from listing descriptions. Individual property features in the full Pakenham report.

Market Summary

Metric	Pakenham
Total addresses	27,088
Freestanding houses	19,235
Units	7,575
Median house	$711K
Median unit	$526K
Median rent (house)	$566/wk
Microburbs mapped	521

Price Range

Metric	Pakenham
Cheapest block median	$353K
Most expensive block	$13.2M
SUA	Melbourne
State	Victoria
Gross yield (approx)	4.1%

Pakenham vs Neighbours

Suburb	SUA	Median House	Addresses
Pakenham	Melbourne	$711K	27,088
Officer South	Melbourne	$6.3M	55	780% more

Officer South is the most expensive at $6.3M, 780% above Pakenham

Common Questions About Pakenham Real Estate

Is Pakenham a good suburb? ▼

Pakenham has median house price of $711K, gross rental yield of 4.1%, walkable cafe and dining culture, train access. Prices range from $353K to $13.2M depending on which block you buy. The full Pakenham report maps every block individually.

Is Pakenham expensive? ▼

The median house price in Pakenham is $711K. Cheaper than Officer South ($6.3M). Entry-level blocks start around $353K.

What is Pakenham like to live in? ▼

Based on 200 listing descriptions, Pakenham is known for a strong cafe and dining scene (77% of listings); green and leafy with good park access; family-oriented with schools nearby; quiet streets (40% of listings mention this). Predominantly freestanding houses (19,235 houses, 7,575 units). See the block-level breakdown in the full report.

What are the best streets in Pakenham? ▼

The most active streets by sales volume are Melissa Way (35 sales, median $320K), Atlantic Drive (32 sales, median $397K), and King Street (26 sales, median $344K). Street-level data for all streets in the full report.

Is Pakenham a good investment? ▼

Median rent $566/wk. gross yield 4.1%. 41% of listings explicitly target investors. The full Pakenham report includes: block-level yield mapping, vacancy rates per street, supply pressure scores, days on market by block, rental demand indicators, and AVM valuations for every property. Our backtested suburb forecasting model covers Pakenham with 15-year historical validation and forward estimates. See how individual blocks within Pakenham compare on yield vs growth.

Explore More About Pakenham

Every topic below has its own block-level analysis for Pakenham.

Pakenham: $711K Median, 521 Microburbs, $353K-to-$13.2M Range