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Real Estate Prices & Overview

Parkwood Hills median real estate price is $395,531, which is more expensive than 75.1% of the neighborhoods in Texas and 60.1% of the neighborhoods in the U.S.

The average rental price in Parkwood Hills is currently $3,446, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.2% of the neighborhoods in Texas.

Parkwood Hills is an urban neighborhood (based on population density) located in Fort Worth, Texas.

Parkwood Hills real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Parkwood Hills neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Parkwood Hills, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 88.1% of all neighborhoods in the U.S. This means that the housing supply in Parkwood Hills is very tight compared to the demand for property here.

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 Fort Worth, the Parkwood Hills neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Parkwood Hills neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Parkwood Hills community truly stands out from the rest in this regard.

In addition, the Parkwood Hills neighborhood stands out within Texas 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 9.7% of college-friendly places to live in TX. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for families with school-aged children and highly educated executives.

Real Estate

One way that the Parkwood Hills neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.8% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Diversity

Significantly, 4.6% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 98.0% of the neighborhoods in America.

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 Parkwood Hills neighborhood in Fort Worth are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 82.0% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Parkwood Hills neighborhood, 38.5% 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 23.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.5%), and 18.2% 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 Parkwood Hills neighborhood is English, spoken by 76.5% of households. Other important languages spoken here include Spanish and Vietnamese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Parkwood Hills neighborhood in Fort Worth, TX, residents most commonly identify their ethnicity or ancestry as Irish (11.8%). There are also a number of people of Asian ancestry (10.6%), and residents who report English roots (9.5%), and some of the residents are also of German ancestry (9.3%), along with some Mexican ancestry residents (7.9%), among others. In addition, 11.1% 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 Parkwood Hills neighborhood spend between 15 and 30 minutes commuting one-way to work (35.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.8%) 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 (12.7%) . 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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Crime includes:
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Schools include:
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