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Parkwood

A neighborhood nestled in Philadelphia's Far Northeast section, Parkwood lies between Academy Road to the southeast, Roosevelt Boulevard to the northwest and Red Lion Road to the east. This residential community is concentrated between the Woodhaven Expressway and Poquessing Creek in Philadelphia, Pennsylvania.

Once a Native American settlement, Parkwood PA began to attract Swedish settlers and English Quakers in the mid 1600s and took on the name of Byberry Town. It was annexed to Philadelphia by 1854 and its hospital became the Philadelphia State Hospital little over half a century later. In the late 1950s, the Parkwood neighborhood was developed. Byberry Industrial Park was established in the late '70s. The Franklin Mills Mall, the Liberty Bell Racetrack and the Northeast branch of the Philadelphia Community College were opened. Parkwood's population rose to nearly 15,000 by the year 2000.

Real Estate

The predominant type of housing is the brick row home, which by 2006 reached a value of $200,000. Median residential property values were $155,000 in 2004, $180,000 in 2006 and $140,500 in the past year. The decrease in median property market values of the past two years, from 200,000 to 140,000, provides ample opportunity for new new-comers to the region, especially first-time owners and investors, to climb the real estate ladder, especially as sales have increased considerably in the past two years.

Housing

Parkwood's buildings are less than 50 years old, on average. Of the total housing units, 97% were occupied in 2006, and 86% were owner-occupied. New owners and over 65-year-olds occupied only 23% of the homes in Parkwood, at the time.

As a residential community, Parkwood's housing is very attractive and stable. Several types of housing can be found here, among which condominiums, apartments, row-homes and single-family detached houses. There is literally no vacant housing.

Transportation

The average number of cars per household is 1.7. Streets are curvilinear, designed for slow traffic.

The neighborhood is linked to the rest of Philadelphia by Routes 18, 20 and 24. These SEPTA buses serve neighborhood locations, such as Academy, Medford, Byberry and Knights Road, as well as the Byberry Industrial Park and Franklin Mills Mall.

Education

As of 2006, Parkwood's residents were 45% high-school graduates. Of the total population, 12% had a Bachelor's degree or higher form of educational achievement.

Shallcross School, Decateur Elementary school and the Katherine Drexel Branch Library were the main educational institutions within Parkwood, in 2006. The Decateur Elementary School is being converted to a Kindergarten-through-8th grade school. The Shallcross School is also undergoing restructuring.

Currently, Pitzpatrick Aloysius L School, an elementary and middle school, La Brum Gen J. Harry Middle School, and the two local catholic schools, Archbishop Ryan High School and Our Lady of Calvary School, serve the majority of Parkwood students.

Employment

The unemployment rate in 2006 was 5%, less than half of Philadelphia's. In 2006, the 50 businesses operating in the Byberry Industrial Park employed nearly 5,000 people. As a Keystone Opportunity Zone, Parkwood has offered businesses programs to stimulate economic development.

Activities

A neighborhood shopping center at Academy Road, Parkwood Shopping Center, and a regional mall, Franklin Mills Mall, are the mainstays of the expansive retail activity in Parkwood.

Locals interested in maintaining the living conditions of the community have formed special interest groups, such as the Town Watch, Friends of Benjamin Rush Gardens and Friends of the Poquessing Watershed.

Festivals

Parkwood businesses and institutions organize several annual local festivals, among which the best known are the Philadelphia Zoo Ale Festival and the Parkwood Farm Market Strawberry Festival.

Parks

Development plans for the neighborhood include improvements to public space, which currently consists mainly of open space drainage rights-of-way.

Plentiful parkland is available for the community, including Poquessing Creek park sections, Benjamin Rush State Park, the Byberry Industrial Park with its park-like design which encourages trails, and Decanteur School and Dunks Ferry Road play facilities.

Homes under $400k
Homes under $600k
Homes over $600k