Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Parkchester vs Wakefield

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Bronx|Bronx

Parkchester

Bronx

Wakefield

Bronx

How They Compare

For buyers focused on affordability, Parkchester has the lower median sale price at $275K vs $699K in Wakefield.

Investors analyzing rental yield will find Parkchester offers a stronger rent-to-price ratio based on current market data.

Median Sale Price
$275K
$699K
Median Rent
$2K
$2K
Active Listings
7
9
Avg Days on Market
0 days
0 days
YoY Price Change
+5.8%
+5.5%
Monthly Sales Volume
7
11

Detailed Comparison

MetricParkchesterWakefield
Median Sale Price$275,000$699,000
Median Condo Price$266,000N/A
Median Co-op PriceN/AN/A
Median Rent$2,400$2,200
Active Listings79
Rental Inventory35
Days on Market00
Price Cut Share10.5%43.8%
Monthly Sales Volume711
YoY Price Change+5.8%+5.5%
YoY Rent Change+15.7%+2.3%
YoY Inventory Change+16.7%+50.0%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Parkchester moved +5.8% over the past year, compared to +5.5% in Wakefield. The +5.8% gain in Parkchester reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Parkchester

Parkchester is a Bronx neighborhood centered on one of the largest planned residential developments in the United States: the Parkchester complex of 171 brick apartment buildings set on landscaped grounds with internal streets, fountains, and retail space. The 6 train at Parkchester station provides express service to Manhattan. Beyond the complex, the surrounding area features additional walk-up apartment buildings and small commercial corridors.

View Full Market Report

Wakefield

Wakefield features a mix of detached single-family Victorian homes and low-rise apartment buildings. Two-family brick houses define the architecture across the residential streets. The area is served by the 2 and 5 subway lines, providing transit access within the northern Bronx.

View Full Market Report

Transit Access

Parkchester

No subway data available

Wakefield

No subway data available

Active Listings

Parkchester for sale

View all Parkchester listings

Wakefield for sale

View all Wakefield listings

Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.

Parkchester vs Wakefield: Home Price Resilience 2008-2020

From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Parkchester and Wakefield both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.

Outer-borough submarkets including Parkchester and Wakefield generally tracked the broader NYC metro pattern of a 20% to 25% peak-to-trough decline before fully recovering by 2017 and posting further gains through early 2020.

Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.

Metric (2026)ParkchesterWakefield
Median Sale Price$275,000$699,000
Median Rent$2,400/mo$2,200/mo
Year-over-Year Price Change+5.8%+5.5%
Average Days on Market0 days0 days
Distance to Nearest SubwayN/AN/A

Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.

Frequently Asked Questions

Is Parkchester cheaper than Wakefield?
Yes, Parkchester has a lower median sale price at $275,000 compared to $699,000 in Wakefield as of the most recent market data. Co-op and condo prices within each neighborhood can vary significantly, so the right fit depends on property type and building.
Which has better transit, Parkchester or Wakefield?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Parkchester or Wakefield?
This depends on what type of home fits your household. Parkchester and Wakefield both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Parkchester or Wakefield?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Parkchester and Wakefield gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

More Comparisons

Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

Data updated:

Call Milton WhatsApp