Real Estate Prices and Overview
Parnassus median real estate prices are $53,685, which is less expensive than 95.1% of Pennsylvania neighborhoods
and 96.8% of all U.S. neighborhoods.
Average rental prices in Parnassus are currently
$402, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 97.2% of Pennsylvania neighborhoods.
Parnassus is a suburban neighborhood (based on population
density) located in New Kensington, Pennsylvania.
Parnassus real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is renter occupied. Many of
the residences in the Parnassus neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in
Parnassus. The current real estate vacancy rate here is 26.3%.
This is higher than the rate of vacancies in 91.8% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Diversity
Did you know that the Parnassus neighborhood has more
Slovak and Greek ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.4% of
this neighborhood's residents have Slovak ancestry and 2.6% have Greek ancestry.
Notable & Unique: People
Of note, 72.9% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
In addition, the types of households in a neighborhood can tell a lot about the character
and lifestyle of those living here. NeighborhoodScout's exclusive analysis
reveals that this neighborhood, above nearly every neighborhood in America,
has a greater percentage of its residents living alone: 51.4%. This
is a higher percent living alone than we found in 98.0% of
all U.S. neighborhoods. Often residents who live alone are new arrivals
to an area who are single, and often senior citizens who have lost a spouse.
Notable & Unique: Modes of Transportation
More people in Parnassus choose to walk to work each day
(16.7%) than almost any neighborhood in America. If you are
attracted to the idea of being able to walk to work, this neighborhood
could be a good choice.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Parnassus neighborhood in New Kensington are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 94.7% of U.S. neighborhoods.
With 72.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 98.4%
of U.S. neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Parnassus neighborhood, 32.5%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 27.3% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(24.5%), and 15.7% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Parnassus neighborhood in New Kensington, PA, residents
most commonly identify their ethnicity or ancestry as German
(30.6%). There are also a number of people of Polish ancestry (9.1%) , and residents who report Irish roots (8.2%) , and some of the residents are also of Italian ancestry (7.5%) , along with some English ancestry residents (3.1%), among others.
The Neighbors: Languages
The most common language spoken in the Parnassus
neighborhood is English, spoken by 97.7% of households.
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 Parnassus neighborhood spend
under 15 minutes commuting one-way to work (34.9% of working
residents), one of the shortest commutes across America.
Here most residents (72.1%) drive alone in a private automobile to get to work.
In addition, quite a number also hop out the door and walk to work to get to work (16.7%) and 9.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.