Parkchester, New York, NY—10462
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkchester, New York, NY
As of Oct '25, the median home price in Parkchester, New York, NY is $237,000, with a year-over-year change of 7.0%. This indicates that home prices in Parkchester, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 7.0% |
| Single Family | $697,000 | 3.6% |
| Condos | $231,000 | 7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $218,000 | 5.3% |
2 Bed | $278,000 | 4.9% |
3 Bed | $605,000 | 8.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parkchester, New York, NY
As of July '25, Rentcast reports the average rent in Parkchester, New York, NY is $2,550, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Parkchester, New York, NY is studios: $1,650, 1-bedrooms: $2,170, 2-bedrooms: $2,580, 3-bedrooms: $3,290, 4-bedrooms: $3,500. The most common rental property sizes in Parkchester, New York, NY are 1-bedroom and 2-bedroom, accounting for 49.1% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,550 |
| Studio Rent | $1,500 | $1,650 |
| 1 Bed Rent | $2,000 | $2,170 |
| 2 Bed Rent | $2,400 | $2,580 |
| 3 Bed Rent | $3,400 | $3,290 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Parkchester, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Parkchester, New York, NY is 58. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | 5.0% |
Listing Count | 116 | 64.0% |
| Listings as % of Homes | 0.3% | 64.0% |
Days on Market | 58 | -15.0% |
Demographics — Parkchester, New York, NY
As of the latest ACS Survey released in 2023, Parkchester, New York, NY has a population of 75,500, which has decreased by -1.7% over the past 5 years. Parkchester, New York, NY is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 75,500 | -1.7% |
% Under 18 | 23.5% | 7.3% |
% Seniors | 13.2% | 10.0% |
% WFH | 9.5% | 280.0% |
% w/ College Degree | 27.7% | 8.2% |
As of the latest ACS Survey released in 2023, Parkchester, New York, NY is a predominantly hispanic area, with 45.9% of the population identifying as hispanic. The hispanic population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Parkchester, New York, NY is black, making up 24.3% of the population. Foreign-born residents account for 34.1% of the population in Parkchester, New York, NY, and this percentage has increased by 9.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 10.5% | -9.5% |
% Black | 24.3% | -14.1% |
% Hispanic | 45.9% | -3.4% |
% Asian | 18.2% | 44.4% |
% Foreign Born | 34.1% | 9.3% |
Mortgage and Risk — Parkchester, New York, NY
According to HUD data as of 2023, there were 186 mortgage originations in Parkchester, New York, NY, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Parkchester, New York, NY. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Parkchester, New York, NY
As of 2024, the percent of homes in Parkchester, New York, NY under the Section 8 program is 12.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Parkchester, New York, NY, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3,513 |
Total Units Section 8 | 3,164 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 86.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $2,000 | $2,400 |
| 2 Bedroom | $260 | $2,400 | $2,660 |
| 3 Bedroom | -$80 | $3,400 | $3,320 |
| 4 Bedroom | $80 | $3,500 | $3,580 |
Affordability — Parkchester, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $237,000 |
| Median Household Income | $63,500 |