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Real Estate Prices & Overview

Parksdale median real estate price is $358,114, which is less expensive than 93.2% of California neighborhoods and 53.1% of all U.S. neighborhoods.

The average rental price in Parksdale is currently $2,680, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.0% of California neighborhoods.

Parksdale is a suburban neighborhood (based on population density) located in Madera, California.

Parksdale real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Parksdale neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Parksdale, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 82.5% of all neighborhoods in the U.S. This means that the housing supply in Parksdale 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 Madera, the Parksdale neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Parksdale neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 99.9% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

People

NeighborhoodScout's exclusive research revealed that 94.0% of the adult residents in the Parksdale neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.8% of the neighborhoods in America.

Diversity

Did you know that the Parksdale neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 86.9% of this neighborhood's residents have Mexican ancestry.

Parksdale is also pretty special linguistically. Significantly, 66.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.0% of all U.S. neighborhoods.

The Neighbors

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 Parksdale neighborhood in Madera are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.7% of U.S. neighborhoods. With 28.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.9% 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 Parksdale neighborhood, 28.4% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is farming, forestry, or commercial fishing, with 28.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.8%), and 12.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the Parksdale neighborhood is Spanish, spoken by 66.8% of households. Some people also speak English (31.7%).

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 Parksdale neighborhood in Madera, CA, residents most commonly identify their ethnicity or ancestry as Mexican (86.9%). There are also a number of people of Asian ancestry (1.8%), and residents who report Sub-Saharan African roots (1.7%), and some of the residents are also of African ancestry (1.7%), along with some Native American ancestry residents (1.6%), among others. In addition, 38.4% 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 Parksdale neighborhood spend under 15 minutes commuting one-way to work (33.5% of working residents), one of the shortest commutes across America.

Here most residents (71.1%) 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 (19.7%) . 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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