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Real Estate Prices & Overview

Chatham Park / Montego Bay median real estate price is $411,807, which is more expensive than 47.1% of the neighborhoods in Florida and 56.8% of the neighborhoods in the U.S.

The average rental price in Chatham Park / Montego Bay is currently $3,023, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.2% of the neighborhoods in Florida.

Chatham Park / Montego Bay is a suburban neighborhood (based on population density) located in Kissimmee, Florida.

Chatham Park / Montego Bay real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Chatham Park / Montego Bay neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Chatham Park / Montego Bay. The current real estate vacancy rate here is 40.7%. This is higher than the rate of vacancies in 97.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (37.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Chatham Park / Montego Bay stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 91.8% of the residential real estate here was built in this one time period.

In addition, despite all of the residential real estate here in the Chatham Park / Montego Bay neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 40.7%, which is higher than 97.6% of all U.S. neighborhoods.

Diversity

Did you know that the Chatham Park / Montego Bay neighborhood has more Brazilian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Brazilian ancestry and 16.8% have South American ancestry.

Chatham Park / Montego Bay is also pretty special linguistically. Significantly, 2.2% 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 97.9% of the neighborhoods in America.

The Neighbors

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 Chatham Park / Montego Bay neighborhood in Kissimmee are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.5% of U.S. neighborhoods. With 32.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.1% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Chatham Park / Montego Bay neighborhood, 40.8% 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 34.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.0%), and 7.0% in government jobs, whether they are in local, state, or federal positions.

Languages

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 Chatham Park / Montego Bay neighborhood is Spanish, spoken by 45.8% of households. Other important languages spoken here include English, Arabic and Portuguese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Chatham Park / Montego Bay neighborhood in Kissimmee, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (19.7%). There are also a number of people of South American ancestry (16.8%), and residents who report Irish roots (10.0%), and some of the residents are also of Jamaican ancestry (8.3%), along with some German ancestry residents (4.9%), among others. In addition, 31.4% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Chatham Park / Montego Bay neighborhood spend under 15 minutes commuting one-way to work (53.8% of working residents), one of the shortest commutes across America.

Here most residents (72.7%) 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 (15.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Economics & Demographics include:
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Race & Ethnic Diversity
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Crime includes:
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Schools include:
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