The size of Prairiewood is approximately 2 km2. It has 3 parks covering nearly 29% of the total area. There are 2 schools and 1 childcare centre located in Prairiewood.

The population of Prairiewood in 2001 was 4,975 people. By 2006 the population was 2,863 showing a population decline of 42% in the area during that time.

The predominant age group in Prairiewood is 10 - 19 years.

Households in Prairiewood are primarily couples with children and are likely to be repaying between $1200.00 - $1400.00 per month on mortgage repayments.

In general, people in Prairiewood work in a non-specific occupation.

In 2001, 72% of the homes in Prairiewood were owner-occupied compared with 71% in 2006.