Pakenham (VIC 3810): property prices & suburb profile

Pakenham property prices

The typical Pakenham house sold for around $701,000 in the year to 2025-Q4, +87.1% over 10 years and +35.1% over 5 years.

• Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
• The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
• The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
• Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
• Periods with fewer than 5 recorded sales are excluded.

Pakenham medians by quarter

The most recent quarter on record for Pakenham is 2025-Q4.

• Sale counts are shown so you can judge how solid each median is.

Who lives in Pakenham

Pakenham has a median age of 33 and a median household income of $1,664 a week.

• Figures labelled Pakenham are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Pakenham - South East" and postcode 3810 both extend beyond Pakenham.
• SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.

Schools in Pakenham

The 12 schools in Pakenham sit at the 47th percentile nationally on ACARA's socio-educational index.

• ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
• Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
• Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.

Suburbs near Pakenham

Pakenham's typical house price of $701,000 is the 55th highest of the 59 Melbourne South East suburbs we cover.

• Aspendale 3195

  $1,427,000 typical house price

• Beaconsfield 3807

  $969,000 typical house price

• Beaumaris 3193

  $2,125,000 typical house price

• Bentleigh 3204

  $1,710,000 typical house price

• Bentleigh East 3165

  $1,539,000 typical house price

• Berwick 3806

  $897,000 typical house price

• Bonbeach 3196

  $1,139,000 typical house price

• Botanic Ridge 3977

  $921,000 typical house price

All Melbourne South East suburb research

Pakenham: common questions

How much does a house cost in Pakenham?

About $701,000 across the 12 months to 2025-Q4, from 1,126 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.

Have Pakenham prices gone up?

Prices have risen 87.1% over 10 years and moved +35.1% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.

What do units cost in Pakenham?

The typical unit price was around $525,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 228 sales.

Can I see Pakenham prices street by street?

Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.

Which schools are in Pakenham?

Pakenham has 12 ACARA-registered schools, including Beaconhills College, Edenbrook Secondary College, John Henry Primary School, Kuyim Primary School, Lakeside College, Pakenham Consolidated School.