Parkmead / Diamond Crossing median real estate price is $954,864, which is more expensive than 57.4% of the neighborhoods in California and 89.5% of the neighborhoods in the U.S.
The average rental price in Parkmead / Diamond Crossing is currently $3,903, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.1% of the neighborhoods in California.
Parkmead / Diamond Crossing is a densely urban neighborhood (based on population density) located in Hayward, California.
Parkmead / Diamond Crossing real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Parkmead / Diamond Crossing neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Parkmead / Diamond Crossing are 4.9%, which is lower than one will find in 67.2% of American neighborhoods. Demand for real estate in Parkmead / Diamond Crossing 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.
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 Hayward, the Parkmead / Diamond Crossing neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Parkmead / Diamond Crossing neighborhood. What is interesting to note, is that the Parkmead / Diamond Crossing neighborhood has a greater percentage of residents born in another country (44.4%) than are found in 95.9% of all U.S. neighborhoods.
Did you know that the Parkmead / Diamond Crossing neighborhood has more Portuguese and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Portuguese ancestry and 24.5% have Asian ancestry.
Parkmead / Diamond Crossing is also pretty special linguistically. Significantly, 9.8% 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 99.4% of the neighborhoods in America.
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 Parkmead / Diamond Crossing neighborhood in Hayward are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.2% of the neighborhoods in America. With 17.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 65.2% 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 Parkmead / Diamond Crossing neighborhood, 37.2% 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 26.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.0%), and 13.9% in clerical, assistant, and tech support occupations.
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 Parkmead / Diamond Crossing neighborhood is Spanish, spoken by 39.5% of households. Other important languages spoken here include English, Vietnamese, Chinese and Tagalog (the first language of the Philippine region).
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 Parkmead / Diamond Crossing neighborhood in Hayward, CA, residents most commonly identify their ethnicity or ancestry as Mexican (38.8%). There are also a number of people of Asian ancestry (24.5%), and residents who report Italian roots (3.1%), and some of the residents are also of Spanish ancestry (2.7%), along with some Portuguese ancestry residents (1.9%), among others. In addition, 44.4% of the residents of this neighborhood were born in another country.
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 Parkmead / Diamond Crossing neighborhood spend between 30 and 45 minutes commuting one-way to work (35.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (62.1%) 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 (19.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.