$267,929Average Value$324Average Price per Sq Ft3Homes For Sale
Walk to work or play
Nestled between one of Albany’s premier parks and two medical centers, the Park South neighborhood is ideal for students, doctors and hospital employees who want the convenience of walking to work or recreation. “Doctors and students on call at the Albany Medical Center have to live within a certain radius if they want to go home during breaks,” says Samantha Curry, principal at New Scotland Development Companies, which manages and owns properties in Park South. Walkability is a big factor, too, says Realtor and property manager Jamie Brayton with Rooted Property Group. “Cool restaurants and bars are a few blocks away, and revitalization is happening throughout the area, making Park South a hot market, especially for investors.”
Park South is well connected neighborhood having both downtown and Washington Park right there.
Park South has a urban build with lots of green space around to feel connected to mother nature.
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Arts and entertainment district
Lark Street, Madison and Delaware avenues are the three main arteries that feed the pulse of Albany’s arts and entertainment district. Here, residents can walk to dozens of funky shops, cafes, art galleries and restaurants, like El Loco Mexican Café, which serves traditional and Southwestern Mexican, or Savoy Taproom, known for its creative cocktails. Lark Street Tattoo features guest artists from around the world, and JA. Pequeño, a specialty coffee shop, was voted Best Artisan Café by Hudson Valley Magazine. On Lark, a flower market, a natural foods store, a picture frame shop and a skateboard shop share the same block. There’s also a Market 32 on Delaware, the only large grocery store within walking distance. “Park South is about the urban experience,” Brayton says. “The suburbs are close, too. Delaware and New Scotland avenues take you out of the city and are lined with more restaurants, shopping centers and attractions.”
El Loco Mexican Cafe is a cantina serving Mexican faves, from tacos, margaritas and more.
The Eleven is a hip and well stocked restaurant and bar on Lark Street.
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Homes for young professionals
Many of the homes in Park South are brownstones and turn-of-the-century wood-framed houses that have been converted into multi-family units, attracting investors more than traditional homebuyers. “With the medical college and hospitals within walking distance, you have a lot of young professionals renting,” Curry says. Nearly 90% of residents rent versus owning a home in Park South. “Architecturally, the homes are gorgeous,” Brayton says. “While some are better maintained than others, details like crown molding and marble fireplaces add value and are an extra incentive to inventors who want historically beautiful properties.” Multi-family homes typically list for $165,000 to $430,000. Single-family homes are priced from $160,000 to $190,000.
You can find many three story brownstones here serving as multifamily units in Park South.
Areas of Park South are being rejuvenated and restored from their current state.
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From tulips to art
On Mother’s Day weekend in May, the annual Albany Tulip Festival is held in Washington Park, which borders Park South, to celebrate the city’s rich Dutch heritage. The festival features a fine arts show, food and live music in the park’s amphitheater. A block over, Art on Lark is the city’s arts-oriented street fair in June, when painters, photographers, jewelers and other artisans showcase their work.
The annual Tulip Festival in Washington Park draws over 15,000 people and almost 200 vendors.
For the lovers of ink Lark Street Tattoo has been creating art for over 30 years.
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Washington and Lincoln parks
Washington Park features a Spanish-revival lakehouse on one side of its picturesque lake. A skatepark and sports courts are opposite the house, and a children’s playground sits on one of the large open lawns. All the park’s attractions are connected by walking paths. “Washington is right across the street from many homes, a go-to park for the neighborhood,” Curry says. Lincoln Park, which borders Delaware, allows dramatic views of the city from its hilltop location and features tennis and basketball courts and a slash pad. The park’s historic pool and bathhouse are currently undergoing renovation. When completed in 2025, the new facility will include a zero-entry pool and a half-sized Olympic lap pool.
Enjoy a stroll around the lake or a summer concert in Washington Park.
With a great new playground build and zip line fun Lincoln Park is a perfect place to play.
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Albany public transit
CDTA bus routes carry riders from Park South downtown and to other parts of Albany. Cyclists will find on-street and light bike lanes running through the neighborhood, and CDPHP Cycle, a bike-sharing program, provides stations throughout the Capitol Region. Less than 2 miles from the neighborhood, Interstates 787, 90 and 87 provide easy access to Schenectady, Saratoga Springs and neighboring cities, and Albany International Airport is about a 10-mile drive. Train travelers can also pick up Amtrak trains at the Albany-Rensselaer Station, 3 miles away across the river.
Park South is well connected with a CDTA bus stop at almost every block in the neighborhood.
At the west end of Washington Park there is a great skate park to enjoy riding or watching in.
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Big-picture schools
Schools that serve Park South include Giffen Memorial School, a PK-5 elementary that received a C from Niche and offers vital services, such as health clinics and dental care, to students and their families. Stephen and Harriet Myers Middle, a C-plus school, features a low 10- to-1 student-teacher ratio, and Albany High, which scored a B, offers academies that help students explore possible career paths.
William S. Hackett is a great campus to enjoy for middle school in the Park South neighborhood.
Albany High School covers most of the neighborhoods in Albany and has a B on Niche.
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Medical centers, flooding and crime
Albany Medical Center is one of the area’s largest private employers. The 766-bed hospital offers the region's most comprehensive set of medical and surgical services and trains Albany Medical College doctors, scientists and other health-care professionals. Next to it, the Albany Stratton Veterans Affairs Medical Center is also a medical/surgical facility and a teaching hospital. The new Capital District YMCA opened in Park South in 2023. It offers cardio equipment, strength training machines and fitness classes. Parts of the neighborhood are also prone to flooding. Buyers and investors should ask about flood risk when purchasing property here. With so much foot traffic, South Park received a higher crime score of 6 from CAP Index than the national average of 4.
Right in Park South is the Albany Medical Center and schools, keeping the area busy.
A new and well kept YMCA is right in Park South on New Scotland Blvd for people to enjoy.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Renee McLaughlin,
an experienced agent in this neighborhood.
Parks in this Area
Morris Street Park
Dog Park
Picnic Area
Transit
Airport
Albany International
21 min drive
Bus
Delaware Ave & Elm St
Bus
Madison Ave & New Scotland Ave
Bus
New Scotland Ave & Dana Ave
Bus
Madison Ave & S. Lake Ave
Bus
Madison Ave & Robin St
Crime and Safety
1 - Low Crime, 10 - High Crime
Park South
US
Homicide
5
4
Sexual Assault
5
4
Assault with Weapon
5
4
Robbery
7
4
Burglary
7
4
Motor Vehicle Theft
6
4
Larceny
6
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Park South Demographics and Home Trends
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.
Vacant and ready! This classic Albany brownstone sits directly across from Washington Park and just steps to Albany Med, Albany Law, Pharmacy College, and Sage Colleges in the highly walkable Park South neighborhood. A few cosmetic updates needed—perfect for investors or owner-occupants. Incredible potential for furnished short-term rentals targeting traveling nurses, students, and professionals.
8-units in an unbeatable location! These four, 2-unit buildings boast expansive floor plans, vinyl and carpet flooring, washers & dryers, and modern kitchens with stainless steel appliances and dishwashers. Second floors are 2-bedroom units with open kitchens and vaulted living room ceilings. First floors are 3-bedroom units and capture the entire square footage of the basement as living area.
Located at 572-574 Madison Avenue, this residential building (2 commercial properties) features 12 well-maintained apartments with $89K NOI. Offering a mix of spacious 1 and 1 2-bedroom units, the property is in a prime location w/ easy access to local amenities, transport, and schools. With strong rental potential and a desirable neighborhood, it represents an excellent investment opportunity.
Welcome to Park South Apartments, where modern elegance meets historic charm. Choose from a variety of apartment styles, including traditional style Brownstones and luxurious high-rise buildings, offering custom-designed studios, one, and two-bedroom residences ranging from 593 to 1,342 square feet. With features like granite countertops in the Brownstones and quartz countertops in the High
Property is also on the market for sale - Month to month tenancy - great location - directly across from Washington Park - freshly painted - ready to move in
Property Id: 16091822 bedroom w/ separate home office (6' x 11') w/ it's own window. Others have used office for storage or a walk-in closet. Rent is $1600/month and includes heat, hot water, trash + recyclables removal. It is a 2nd Floor unit of a 3 story brownstone in an excellent location on Madison Ave across from Washington Park.Apartment features:-10ft. ceilings and
Interested in learning more about homes in this area?
Reach out to
Renee McLaughlin,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
2,613
Median Age
31
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
6.6%
Below the national average
19.1%
Finances
Median Household Income
$42,987
Significantly below the national average
$71,702
Average Household Income
$67,662
Education and Workforce
High School Graduates
87.1%
College Graduates
52%
Above the national average
34.1%
Advanced Degrees
28%
Above the national average
13.3%
% Population in Labor Force
51.2%
Weather
Annual Precipitation
41''
Average Winter Low Temperature
16°F
Average Summer High Temperature
84°F
Annual Snowfall
42''
Area Factors
Bikeable
Bike Score®
61/ 100
Very Walkable
Walk Score®
87/ 100
Good Transit
Transit Score®
62/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
