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Real Estate Prices & Overview

Parkville median real estate price is $437,561, which is more expensive than 50.9% of the neighborhoods in Connecticut and 59.8% of the neighborhoods in the U.S.

The average rental price in Parkville is currently $2,085, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.7% of Connecticut neighborhoods.

Parkville is a densely urban neighborhood (based on population density) located in Hartford, Connecticut.

Parkville real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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.

Vacant apartments or homes are a major fact of life in Parkville. The current real estate vacancy rate here is 23.7%. This is higher than the rate of vacancies in 90.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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 Hartford, the Parkville neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

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, 63.9% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.4% of America's neighborhoods.

In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Parkville neighborhood is among the top 5% of American neighborhoods in terms of walkability.

People

Single parenting is hard. But you don't have to tell the Parkville neighborhood about it; they already know. 23.9% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.6% 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, of note, 68.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Also, the Parkville neighborhood is unique for having just 5.4% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.8% of America's neighborhoods.

Finally, with a nice mix of college students, safety from crime, and decent walkability, the Parkville neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 87.7% of the neighborhoods in CT. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Parkville neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 97.2% of all neighborhoods in America.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 96.9% of U.S. neighborhoods.

Diversity

Did you know that the Parkville neighborhood has more Puerto Rican and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 42.1% of this neighborhood's residents have Puerto Rican ancestry and 1.6% have Brazilian ancestry.

Parkville is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 98.7% 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 Parkville neighborhood in Hartford are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.3% of U.S. neighborhoods. With 68.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.3% 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, 35.4% of the working population is employed in manufacturing and laborer 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 24.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.5%), and 19.0% in executive, management, and professional 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 Spanish, spoken by 49.1% of households. Other important languages spoken here include English, Chinese, Portuguese and Vietnamese.

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 Hartford, CT, residents most commonly identify their ethnicity or ancestry as Puerto Rican (42.1%). There are also a number of people of South American ancestry (9.4%), and residents who report Asian roots (5.7%), and some of the residents are also of Sub-Saharan African ancestry (4.4%), along with some African ancestry residents (4.4%), among others. In addition, 24.8% of the residents of this neighborhood were born in another country.

Getting to Work

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 Parkville neighborhood spend between 15 and 30 minutes commuting one-way to work (42.7% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (12.1%) who commute over an hour in each direction.

Here most residents (67.6%) 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 (15.4%) and 14.0% 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.


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