Banyan Trails median real estate price is $717,471, which is more expensive than 83.4% of the neighborhoods in Florida and 80.1% of the neighborhoods in the U.S.
The average rental price in Banyan Trails is currently $4,237, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.6% of the neighborhoods in Florida.
Banyan Trails is a suburban neighborhood (based on population density) located in Coconut Creek, Florida.
Banyan Trails real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Banyan Trails neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Banyan Trails, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Banyan Trails is very tight compared to the demand for property here.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Coconut Creek, the Banyan Trails neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the Banyan Trails neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Banyan Trails neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 16.8% of its workforce, this neighborhood has a greater concentration of government workers than 98.1% of U.S. neighborhoods.
There is an especially high percentage of incarcerated people (1.5%) living in the Banyan Trails neighborhood.
In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Banyan Trails neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 12.7% executive lifestyle neighborhoods in the state of Florida. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for college students.
Did you know that the Banyan Trails neighborhood has more South American and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.8% of this neighborhood's residents have South American ancestry and 9.7% have Cuban ancestry.
Banyan Trails is also pretty special linguistically. Significantly, 7.7% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Banyan Trails neighborhood in Coconut Creek are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 89.4% of the neighborhoods in America. In addition, 4.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 65.7% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Banyan Trails neighborhood, 43.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 31.6% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (16.8%), and 13.3% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Banyan Trails neighborhood is English, spoken by 60.0% of households. Other important languages spoken here include Spanish, Portuguese, French and Langs. of India.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Banyan Trails neighborhood in Coconut Creek, FL, residents most commonly identify their ethnicity or ancestry as Irish (19.9%). There are also a number of people of Italian ancestry (16.1%), and residents who report South American roots (15.8%), and some of the residents are also of Cuban ancestry (9.7%), along with some German ancestry residents (8.4%), among others. In addition, 27.1% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Banyan Trails neighborhood spend between 30 and 45 minutes commuting one-way to work (40.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (62.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (15.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.