Parkwood is a census-designated place in Madera County, California, United States. It is part of the Madera Metropolitan Statistical Area. The population was 2,307 at the 2020 census. Parkwood is located at 36°55′37″N 120°02′41″W / 36.92694°N 120.04472°W. It is bordered to the north by the city of Madera, the county seat.