Why Live in Park South
Park South in Albany is a neighborhood located between a major park and two medical centers, making it convenient for students, doctors, and hospital employees. The area is highly walkable, with numerous restaurants, bars, and shops just a few blocks away. Lark Street, Madison, and Delaware avenues are key areas for arts and entertainment, featuring cafes, art galleries, and unique shops. Notable dining options include El Loco Mexican Café and Savoy Taproom. Washington Park, adjacent to Park South, hosts the annual Albany Tulip Festival and offers a lakehouse, skatepark, sports courts, and playgrounds. Lincoln Park, nearby, provides city views, tennis and basketball courts, and a historic pool undergoing renovation. The neighborhood is well-connected with CDTA bus routes, bike lanes, and a bike-sharing program. Major highways and Albany International Airport are easily accessible, with the airport being about 10 miles away. Housing in Park South consists mainly of brownstones and turn-of-the-century wood-framed houses, often converted into multi-family units, attracting many young professionals and investors. Parts of the neighborhood are prone to flooding, so potential buyers should inquire about flood risks. The new Capital District YMCA offers fitness facilities, and the Albany Medical Center and Albany Stratton Veterans Affairs Medical Center are significant local employers.
Frequently Asked Questions
Is Park South a good place to live?
Park South is a good place to live. Park South is considered fairly walkable and bikeable with good transit options. Park South has 1 park for recreational activities. It has a median age of 31. The average household income is $67,662 which is below the national average. College graduates make up 52% of residents. A majority of residents in Park South are renters, with 91.3% of residents renting and 8.7% of residents owning their home. A
local real estate agent serving Park South can help you decide if this neighborhood is the right one for you. Learn more on our
Park South neighborhood guide.
Is Park South, NY a safe neighborhood?
Park South, NY is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Park South?
The median home price in Park South is $244,900. If you put a 20% down payment of $49,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Park South. The average household income in Park South is $68K.
What are the best public schools in Park South?
The best public schools that serve Park South are:
What are the best private schools in Park South?
The best private schools that serve Park South are:
What are the most popular zip codes in Park South, Albany, NY?
What are the most popular neighborhoods near Park South, Albany, NY?
Are home prices dropping in Park South?
Yes, home prices in Park South are down 94% in the last 12 months.
Home Trends in Park South, NY
On average, homes in Park South, Albany sell after 35 days on the market compared to the national average of 70 days. The median sale price for homes in Park South, Albany over the last 12 months is $19,000, down 92% from the median home sale price over the previous 12 months.
Median Sale Price
$19,000
Median Single Family Sale Price
$241,000
Median 1 Bedroom Sale Price
$1,030,000
Average Price Per Sq Ft
$324
Number of Homes for Sale
3
Last 12 months Home Sales
9
Median List Price
$244,900
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
-92%