Parkway median real estate price is $456,541, which is less expensive than 86.4% of California neighborhoods and 39.2% of all U.S. neighborhoods.
The average rental price in Parkway is currently $2,523, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.6% of California neighborhoods.
Parkway is a densely urban neighborhood (based on population density) located in Sacramento, California.
Parkway real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Parkway neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.9% in Parkway. NeighborhoodScout analysis shows that this rate is lower than 48.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
People
Single parenting is hard. But you don't have to tell the Parkway neighborhood about it; they already know. 25.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
In addition, the Parkway neighborhood is unique for having just 6.3% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.9% of America's neighborhoods.
Also, the Parkway neighborhood stands out for having an average per capita income lower than 95.0% of the neighborhoods in the United States.
Real Estate
If you love row houses and attached homes, you will probably really like the Parkway neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 31.8% of the residential real estate here is classified as row houses and attached homes.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Parkway stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 86.8% of the residential real estate here was built in this one time period.
Furthermore, renter-occupied real estate is dominant in the Parkway neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 86.2%, which is higher than 95.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, if you like crowded places, then you will probably enjoy the the Parkway neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.0% of neighborhoods in the U.S., with 20,613 people per square mile living here.
Occupations
There are more people living in the Parkway neighborhood employed as sales and service workers (59.0%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Modes of Transportation
In the Parkway neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.0% of commuters carpool here, which is more than in 95.8% of all U.S. neighborhoods.
Diversity
Did you know that the Parkway neighborhood has more Arab and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.9% of this neighborhood's residents have Arab ancestry and 12.7% have Puerto Rican ancestry.
Parkway is also pretty special linguistically. Significantly, 4.7% 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 98.1% of the neighborhoods in America.
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 Parkway neighborhood in Sacramento are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.0% of U.S. neighborhoods. With 34.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.1% 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 Parkway neighborhood, 41.0% 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 manufacturing and laborer occupations, with 30.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.3%), and 13.0% in clerical, assistant, and tech support 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 Parkway neighborhood is English, spoken by 53.1% of households. Other important languages spoken here include Spanish, Vietnamese, Chinese and Langs. of India.
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 Parkway neighborhood in Sacramento, CA, residents most commonly identify their ethnicity or ancestry as Asian (27.6%). There are also a number of people of Puerto Rican ancestry (12.7%), and residents who report Arab roots (11.9%), and some of the residents are also of Sub-Saharan African ancestry (6.6%), along with some African ancestry residents (6.6%), among others. In addition, 26.6% of the residents of this neighborhood were born in another country.
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 Parkway neighborhood spend between 15 and 30 minutes commuting one-way to work (39.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (68.7%) 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 (23.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
