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Real Estate Prices & Overview

Parkchester median real estate price is $313,436, which is less expensive than 74.9% of New York neighborhoods and 60.4% of all U.S. neighborhoods.

The average rental price in Parkchester is currently $3,234, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.3% of New York neighborhoods.

Parkchester is a densely urban neighborhood (based on population density) located in Bronx, New York.

Parkchester real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Parkchester neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 6.2% in Parkchester. NeighborhoodScout analysis shows that this rate is lower than 58.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Bronx, the Parkchester neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

One of the really unique and interesting things about the look and setting of the Parkchester neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 99.9% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.9% of all neighborhoods in America.

In addition, what you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 118,245 people per square mile, it is more densely populated than 99.8% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Parkchester neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, the Parkchester neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 97.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Parkchester neighborhood buck this trend. 66.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% of U.S. neighborhoods.

Modes of Transportation

In the Parkchester neighborhood, 47.8% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 99.3% of the neighborhoods in America.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Parkchester neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Parkchester neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 17.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.1% of all neighborhoods in America.

Diversity

Did you know that the Parkchester neighborhood has more South American and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.9% of this neighborhood's residents have South American ancestry and 12.9% have Puerto Rican ancestry.

Parkchester is also pretty special linguistically. Significantly, 3.7% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Parkchester neighborhood in Bronx are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.3% of the neighborhoods in America. With 43.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Parkchester neighborhood, 41.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.8%), and 16.0% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Parkchester neighborhood is English, spoken by 50.3% of households. Other important languages spoken here include Spanish and African languages.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Parkchester neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Asian (19.9%). There are also a number of people of South American ancestry (12.9%), and residents who report Puerto Rican roots (12.9%), and some of the residents are also of Sub-Saharan African ancestry (6.4%), along with some Mexican ancestry residents (4.2%), among others. In addition, 27.6% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Parkchester neighborhood spend between 45 minutes and one hour commuting one-way to work (39.8% of working residents), longer and tougher than most commutes in America.

Here most residents (47.8%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (22.0%) and 8.0% of residents also ride the bus for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.


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