Why Live in Residence Park
Residence Park in New Rochelle is a historic urban residential community known for its blend of natural beauty and urban conveniences. Located along New Rochelle Bay and the Long Island Sound, the neighborhood features high-rise rental apartments, condo complexes, and larger traditional homes such as Queen Annes, colonial revivals, and Tudors from the early 1900s. The area is characterized by narrow, oak-shaded sidewalks and properties with fenced-in yards. Residents enjoy proximity to greenspaces like D’Onofrio Park, a 22-acre recreational area with baseball fields, a playground, and an outdoor pavilion, as well as Eddie Foy Park and A-Game Sports, an indoor sports complex. The shoreline of New Rochelle Harbor offers boating opportunities, and Glen Island Beach, just two miles away, provides a spot for swimming and sunbathing. The New Rochelle City School District, including Isaac E. Young Middle School and New Rochelle High School, is highly rated. Local amenities include shops, restaurants, and markets along the harbor, with Foodtown of New Rochelle for groceries and Mamma Francesca for Italian dining. Downtown New Rochelle, less than a mile away, features stores like Costco and Home Depot, and popular spots like The New Rochelle Diner. The neighborhood is also conveniently located near the New Rochelle Train Station and I-95, providing easy access to New York City.
Frequently Asked Questions
Is Residence Park a good place to live?
Residence Park is a good place to live. Residence Park is considered fairly walkable and bikeable with some transit options. Residence Park has 7 parks for recreational activities. It is very dense in population with 24.2 people per acre and a median age of 49. The average household income is $85,344 which is below the national average. College graduates make up 36.3% of residents. A majority of residents in Residence Park are renters, with 71% of residents renting and 29% of residents owning their home. A
local real estate agent serving Residence Park can help you decide if this neighborhood is the right one for you. Learn more on our
Residence Park neighborhood guide.
How much do you need to make to afford a house in Residence Park?
The median home price in Residence Park is $415,000. If you put a 20% down payment of $83,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $92K a year to afford the median home price in Residence Park. The average household income in Residence Park is $85K.
What are the best public schools in Residence Park?
The best public schools that serve Residence Park are:
What are the best private schools in Residence Park?
The best private schools that serve Residence Park are:
What are the most popular zip codes in Residence Park, New Rochelle, NY?
What are the most popular neighborhoods near Residence Park, New Rochelle, NY?
Home Trends in Residence Park, NY
On average, homes in Residence Park, New Rochelle sell after 81 days on the market compared to the national average of 70 days. The median sale price for homes in Residence Park, New Rochelle over the last 12 months is $326,670, down 12% from the median home sale price over the previous 12 months.
Median Sale Price
$326,670
Median Single Family Sale Price
$455,835
Median Townhouse Sale Price
$261,170
Average Price Per Sq Ft
$179
Number of Homes for Sale
2
Last 12 months Home Sales
19
Median List Price
$415,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-12%