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Real Estate Prices & Overview

Park Point median real estate price is $593,504, which is more expensive than 93.7% of the neighborhoods in Minnesota and 79.2% of the neighborhoods in the U.S.

The average rental price in Park Point is currently $2,390, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.2% of the neighborhoods in Minnesota.

Park Point is a suburban neighborhood (based on population density) located in Duluth, Minnesota.

Park Point 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 occupied by a mixture of owners and renters. Many of the residences in the Park Point 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 1970 and 1999.

Vacant apartments or homes are a major fact of life in Park Point. The current real estate vacancy rate here is 17.2%. This is higher than the rate of vacancies in 81.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (13.4%). This can occur in 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. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

If you are planning to retire in Minnesota, this neighborhood should be on your must-see list. For many reasons, Park Point may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Minnesota, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.4% of neighborhoods in MN. If a Minnesota retirement is in your future, this neighborhood should be one of the places you visit.

Diversity

Did you know that the Park Point neighborhood has more Swedish and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.1% of this neighborhood's residents have Swedish ancestry and 4.6% have Finnish ancestry.

Park Point is also pretty special linguistically. Significantly, 7.2% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.4% 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 Park Point neighborhood in Duluth are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 62.9% of the neighborhoods in America. With 22.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.4% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Park Point neighborhood, 62.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.5%), and 7.3% in manufacturing and laborer 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 Park Point neighborhood is English, spoken by 87.2% of households. Other important languages spoken here include German/Yiddish, Italian, Polish and Spanish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Park Point neighborhood in Duluth, MN, residents most commonly identify their ethnicity or ancestry as German (23.1%). There are also a number of people of Irish ancestry (14.3%), and residents who report Swedish roots (13.1%), and some of the residents are also of English ancestry (11.1%), along with some Norwegian ancestry residents (8.9%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Park Point neighborhood spend under 15 minutes commuting one-way to work (49.2% of working residents), one of the shortest commutes across America.

Here most residents (81.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Economics & Demographics include:
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Commute To Work
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Race & Ethnic Diversity
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Crime includes:
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Schools include:
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