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Real Estate Prices & Overview

Parkwood West median real estate price is $432,517, which is less expensive than 88.1% of California neighborhoods and 41.9% of all U.S. neighborhoods.

The average rental price in Parkwood West is currently $2,379, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.9% of California neighborhoods.

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

Parkwood West 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 Parkwood West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.9% in Parkwood West. NeighborhoodScout analysis shows that this rate is lower than 43.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Parkwood West 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 98.2% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.

Diversity

Did you know that the Parkwood West neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 80.2% of this neighborhood's residents have Mexican ancestry.

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 Parkwood West 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 63.7% of U.S. neighborhoods. With 20.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.0% 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 Parkwood West neighborhood, 32.0% 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 executive, management, and professional occupations, with 27.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.0%), and 14.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Parkwood West neighborhood is Spanish, spoken by 55.9% of households. Some people also speak English (42.7%).

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 Parkwood West neighborhood in Madera, CA, residents most commonly identify their ethnicity or ancestry as Mexican (80.2%). There are also a number of people of Puerto Rican ancestry (3.1%), and residents who report Irish roots (1.9%), and some of the residents are also of German ancestry (1.6%), along with some English ancestry residents (1.3%), among others. In addition, 20.5% 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 Parkwood West neighborhood spend under 15 minutes commuting one-way to work (31.5% of working residents), one of the shortest commutes across America.

Here most residents (75.1%) 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 (18.8%) . 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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