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Real Estate Prices & Overview

Parkville median real estate price is $1,223,516, which is more expensive than 84.6% of the neighborhoods in New York and 95.0% of the neighborhoods in the U.S.

The average rental price in Parkville is currently $3,155, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.8% of New York neighborhoods.

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

Parkville real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Parkville 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.

Real estate vacancies in Parkville are 4.5%, which is lower than one will find in 70.2% of American neighborhoods. Demand for real estate in Parkville is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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.

Modes of Transportation

More people in Parkville choose to walk to work each day (43.3%) 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.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 20.9% of the Parkville neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.3% of America's neighborhoods.

Real Estate

The Parkville neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 62,144 persons per square mile in the neighborhood, it is more packed with people than 98.9% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Parkville neighborhood is one of the most walkable neighborhoods in America.

In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Parkville neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 42.0% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.4% of America's neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Parkville neighborhood buck this trend. 45.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.

People

The Parkville neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.9% of college-friendly places to live in NY.

Diversity

Did you know that the Parkville neighborhood has more Russian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.1% of this neighborhood's residents have Russian ancestry and 5.2% have Eastern European ancestry.

Parkville is also pretty special linguistically. Significantly, 49.5% of its residents five years old and above primarily speak German/Yiddish at home. This is a higher percentage than 99.9% of all U.S. neighborhoods.

The Neighbors

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 Parkville neighborhood in Brooklyn are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.1% of U.S. neighborhoods. With 23.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.2% of U.S. neighborhoods.

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 Parkville neighborhood, 47.0% 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 28.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.9%), and 11.6% 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 Parkville neighborhood is German/Yiddish, spoken by 49.5% of households. Other important languages spoken here include English, Spanish, Chinese and Arabic.

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 Parkville neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Polish (14.5%). There are also a number of people of Russian ancestry (11.1%), and residents who report Asian roots (5.5%), and some of the residents are also of Eastern European ancestry (5.2%), along with some Arab ancestry residents (5.0%), among others. In addition, 22.0% of the residents of this neighborhood were born in another country.

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 Parkville neighborhood spend under 15 minutes commuting one-way to work (43.3% of working residents), one of the shortest commutes across America.

Here most residents (43.3%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (21.5%) and 20.9% of residents also take the train for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.


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