Presidential Park median real estate price is $105,919, which is less expensive than 98.0% of Maryland neighborhoods and 94.8% of all U.S. neighborhoods.
The average rental price in Presidential Park is currently $2,257, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.8% of Maryland neighborhoods.
Presidential Park is a densely urban neighborhood (based on population density) located in Hyattsville, Maryland.
Presidential Park real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Presidential Park 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 Presidential Park are 5.4%, which is lower than one will find in 63.0% of American neighborhoods. Demand for real estate in Presidential Park 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 Hyattsville, the Presidential Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The real estate in the Presidential Park neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 92.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.6% of American neighborhoods.
In addition, the Presidential Park neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 37,236 persons per square mile in the neighborhood, it is more packed with people than 97.7% of the nation's neighborhoods.
More people ride the bus in this neighborhood each day to get to work than 97.0% of U.S. neighborhoods.
Did you know that the Presidential Park neighborhood has more Sub-Saharan African and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.9% of this neighborhood's residents have Sub-Saharan African ancestry and 4.0% have Haitian ancestry.
Presidential Park is also pretty special linguistically. Significantly, 23.4% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Presidential Park neighborhood has a greater percentage of residents born in another country (63.1%) than are found in 99.4% of all U.S. neighborhoods.
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 Presidential Park neighborhood in Hyattsville are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.5% of U.S. neighborhoods. With 19.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.0% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Presidential Park neighborhood, 32.5% 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 24.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.0%), and 18.6% 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 Presidential Park neighborhood is Spanish, spoken by 45.7% of households. Other important languages spoken here include English, African languages, French and Arabic.
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 Presidential Park neighborhood in Hyattsville, MD, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (26.9%). There are also a number of people of African ancestry (8.5%), and residents who report Haitian roots (4.0%), and some of the residents are also of Asian ancestry (3.2%), along with some Arab ancestry residents (2.8%), among others. In addition, 63.1% 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 Presidential Park neighborhood spend between 30 and 45 minutes commuting one-way to work (35.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (51.9%) 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 (21.1%) and 13.7% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.