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Real Estate Prices & Overview

Hammock Trace Preserve median real estate price is $194,967, which is less expensive than 81.1% of Florida neighborhoods and 78.5% of all U.S. neighborhoods.

The average rental price in Hammock Trace Preserve is currently $1,936, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.9% of Florida neighborhoods.

Hammock Trace Preserve is a rural neighborhood (based on population density) located in Melbourne, Florida.

Hammock Trace Preserve real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hammock Trace Preserve 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.

Hammock Trace Preserve has a 12.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.4% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (8.4%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

Notable & Unique Neighborhood Characteristics

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 Melbourne, the Hammock Trace Preserve neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 98.7% of all neighborhoods in America, with 47.0% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

Diversity

Did you know that the Hammock Trace Preserve neighborhood has more Canadian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Canadian ancestry and 1.0% have Lebanese ancestry.

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 Hammock Trace Preserve neighborhood in Melbourne are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.4% of U.S. neighborhoods. With 28.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.4% of U.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 Hammock Trace Preserve neighborhood, 40.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.6%), and 18.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Hammock Trace Preserve neighborhood is English, spoken by 88.5% of households. Other important languages spoken here include Spanish and Polish.

Ethnicity / Ancestry

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 Hammock Trace Preserve neighborhood in Melbourne, FL, residents most commonly identify their ethnicity or ancestry as Irish (12.4%). There are also a number of people of German ancestry (10.9%), and residents who report Italian roots (9.9%), and some of the residents are also of English ancestry (6.8%), along with some Mexican ancestry residents (6.0%), among others.

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 Hammock Trace Preserve neighborhood spend between 15 and 30 minutes commuting one-way to work (47.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.1%) 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 (6.4%) . 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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