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Real Estate Prices & Overview

Parks Of Stonecrest median real estate price is $323,963, which is more expensive than 47.1% of the neighborhoods in Georgia and 42.5% of the neighborhoods in the U.S.

The average rental price in Parks Of Stonecrest is currently $2,198, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.0% of Georgia neighborhoods.

Parks Of Stonecrest is a suburban neighborhood (based on population density) located in Stonecrest, Georgia.

Parks Of Stonecrest 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Parks Of Stonecrest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Parks Of Stonecrest. The current real estate vacancy rate here is 18.7%. This is higher than the rate of vacancies in 85.8% 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Of note is NeighborhoodScout's research finding that the Parks Of Stonecrest neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Parks Of Stonecrest community truly stands out from the rest in this regard.

In addition, one of the most interesting things about the Parks Of Stonecrest neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 55.1% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.6% of the neighborhoods in America.

Real Estate

One of the really unique and interesting things about the look and setting of the Parks Of Stonecrest neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 79.0% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.6% of all neighborhoods in America.

In addition, 88.8% of the real estate in the Parks Of Stonecrest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the Parks Of Stonecrest neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 81.6% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Diversity

Did you know that the Parks Of Stonecrest neighborhood has more Jamaican and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.8% of this neighborhood's residents have Jamaican ancestry and 3.7% have Danish 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 Parks Of Stonecrest neighborhood in Stonecrest are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.1% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Parks Of Stonecrest neighborhood, 52.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.1%), and 8.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Parks Of Stonecrest neighborhood is English, spoken by 100.0% of households.

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 Parks Of Stonecrest neighborhood in Stonecrest, GA, residents most commonly identify their ethnicity or ancestry as Jamaican (26.8%). There are also a number of people of German ancestry (7.1%), and residents who report Danish roots (3.7%), and some of the residents are also of Native American ancestry (3.4%), along with some Sub-Saharan African ancestry residents (3.1%), among others.

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 Parks Of Stonecrest neighborhood spend between 45 minutes and one hour commuting one-way to work (41.1% of working residents), longer and tougher than most commutes in America.

Here most residents (82.8%) drive alone in a private automobile to get to work. 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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