Everything You Should Know Before Moving to Park Terrace, NY
Considering a move to Park Terrace, NY? With a friendly population of 6,200, Park Terrace offers affordable living with a median home price around $328,000 and average rent of $1,340. Residents enjoy a moderate cost of living, family-friendly schools, and a low violent crime rate of 212 per 100K. Commute times average 27 minutes, and the community benefits from nearby healthcare and a temperate climate with 52% sunny days each year. Park Terrace is a welcoming choice for those seeking a balanced lifestyle in upstate New York.
Demographics - Park Terrace, NY
Demographics - Park Terrace, NY
Park Terrace is home to about 6,200 residents, offering a moderately dense urban environment with a median age of 41. The community is predominantly White, with significant Black, Asian, and other minority populations, and nearly 15% of residents speak a language other than English at home. This diverse mix creates a welcoming atmosphere for newcomers seeking a balanced and inclusive neighborhood.
Population:
6,200
Density:
3,500 per sq mi
Median Age:
41.2
Gender Ratio:
92 males per 100 females
Non-English Speakers Percentage:
14.8%

Ethnic Composition
White:
67.0%
Black:
10.5%
Asian:
6.2%
Others:
16.3%
Cost Of Living
What is the average cost of living in Park Terrace, NY?
Living in Park Terrace means enjoying a cost of living slightly above the national average, with a median home value of $328,000 and average rent at $1,340. Utilities and everyday expenses are manageable, making it an affordable option for families and professionals. State income tax rates range from 4% to 8.82%, which is typical for New York.
Median House Value:
$328,000
Gross Rent:
$1,340
Monthly Electricity Charges:
$120
Auto Insurance:
$1,420
House Owner Cost With Mortgage:
$1,850
House Owner Cost Without Mortgage:
$560
State Taxes:
Low:
4.0%
|
High:
8.82%
Cost Of Living Index:
113.7
Grocery:
110.2
Housing:
117.8
Utilities:
104.5
Transportation:
109.7
Health Care:
107.6
Miscellaneous:
105.3
Crime
Is Park Terrace, NY a safe place to live?
Park Terrace experiences a low violent crime rate of 212 incidents per 100,000 residents, making it a safe choice for families and individuals. Property crime is moderate, with the chance of becoming a victim at about 1 in 88. Overall, the community maintains a reassuring sense of security compared to similar-sized cities.
Violent Crimes Per 100k:
212
Property Crimes Per 100k:
1,140
Crime Index:
1,352
Chance Of Violent Crime:
1 in 472
Chance Of Property Crime:
1 in 88
Weather
What is the weather like in Park Terrace, NY year-round?
Residents of Park Terrace enjoy a temperate four-season climate, with summer highs averaging 81°F and winter lows around 19°F. The area receives about 43 inches of rainfall annually and sees sunshine roughly 52% of the year. This weather provides ample opportunities for outdoor activities throughout the seasons.

Winter
Min:
19°F
Max:
34°F

Spring
Min:
38°F
Max:
62°F

Summer
Min:
61°F
Max:
81°F

Fall
Min:
40°F
Max:
64°F
Average Rainfall Inches:
42.9 inches
Sunny Days Percentage:
52%
Neighbors
Park Terrace features a strong sense of community, with median household incomes around $74,200 and a relatively low poverty rate of 8.1%. Most residents have at least a high school diploma, and the average commute time is just over 27 minutes. The area’s blend of stable employment and educational attainment makes it appealing for families and young professionals.
Median Income:
$39,500
Household Income:
$74,200
Family Income:
$84,900
Per Capita Income:
$37,800
Income Male:
$44,000
Income Female:
$36,000
Poverty Rate:
8.1%
Non English Speakers:
14.8%
Rent:
$1,340
Unemployment Rate:
4.7%
Public Transport Usage:
4.5%
Commute Time:
27.4 minutes

Education
High School or Higher:
89.6%
Bachelors or More:
32.3%
Education
How are the schools in Park Terrace, NY?
Park Terrace offers quality educational opportunities with several public and private schools, featuring low student-teacher ratios and supportive learning environments. Families benefit from nearby higher education options like Hudson Valley Community College, which is just 19 miles away. The city’s commitment to education supports learners from early childhood through college.

Public Schools
Name:
Park Terrace Elementary School
Street:
101 Oak Avenue
Phone:
518-555-1010
Students:
420
Student Teacher Ratio:
12.5
Name:
Park Terrace Middle School
Street:
150 Maple St
Phone:
518-555-1500
Students:
350
Student Teacher Ratio:
13.8

Private Schools
Name:
St. Mark’s Academy
Street:
55 Church Lane
Phone:
518-555-5555
Students:
210

Colleges
Name:
Hudson Valley Community College
City:
Troy
State:
NY
Distance:
19 miles
Students:
8,900
Healthcare
Residents of Park Terrace have access to quality healthcare, including a local community hospital and other major medical centers nearby. With 2.3 physicians per 1,000 people and over 91% health insurance coverage, medical care is both accessible and reliable. The area’s healthcare index reflects above-average services for a city of its size.

Major Hospitals
Name:
Park Terrace Community Hospital
Address:
200 Main St, Park Terrace, NY 10001
Phone:
(555) 555-2000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Hudson Valley Medical Center
Address:
1200 Hudson Ave, Nearby City, NY 10002
Phone:
(555) 555-1200
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.3
Health Insurance Coverage:
91.6%
Health Care Index:
71.4
Housing Market
What is the housing market like in Park Terrace, NY?
The housing market in Park Terrace is stable, with a median home price of $328,000 and a homeownership rate nearing 69%. Rental options are also available, with average two-bedroom rents at $1,340 and a moderate vacancy rate. Home values have appreciated by 4.4% over the past year, indicating steady demand and investment potential.
Median Home Price:
$328,000
Average Rent For 2 Bedroom:
$1,340
Owner Occupied Rate:
68.9%
Rental Vacancy Rate:
6.0%
Home Appreciation Rate (1yr):
4.4%
New Construction Rate:
1.1%
Foreclosure Rate:
0.7%
DMV Information
Park Terrace residents are served by the New York State Department of Motor Vehicles, located in Albany. The DMV provides comprehensive services including driver licensing, vehicle registration, and renewals, accessible both online and in person. For more information or to schedule an appointment, visit the official New York DMV website.
State:
New York
Department:
New York State Department of Motor Vehicles
Address:
6 Empire State Plaza, Albany, NY 12228
Phone:
1-518-486-9786
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.