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Real Estate Prices & Overview

Silver Springs Shores South median real estate price is $289,095, which is less expensive than 72.7% of Florida neighborhoods and 59.8% of all U.S. neighborhoods.

The average rental price in Silver Springs Shores South is currently $2,068, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 72.8% of Florida neighborhoods.

Silver Springs Shores South is a rural neighborhood (based on population density) located in Ocala, Florida.

Silver Springs Shores South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Silver Springs Shores South 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.

Real estate vacancies in Silver Springs Shores South are 4.9%, which is lower than one will find in 67.0% of American neighborhoods. Demand for real estate in Silver Springs Shores South is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Diversity

Did you know that the Silver Springs Shores South neighborhood has more Romanian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Romanian ancestry and 3.5% have Cuban ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Silver Springs Shores South neighborhood in Ocala are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.4% of U.S. neighborhoods. With 11.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.8% 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 Silver Springs Shores South neighborhood, 37.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.6%), and 9.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Silver Springs Shores South neighborhood is English, spoken by 80.7% of households. Some people also speak Spanish (15.4%).

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 Silver Springs Shores South neighborhood in Ocala, FL, residents most commonly identify their ethnicity or ancestry as English (15.5%). There are also a number of people of German ancestry (10.9%), and residents who report Puerto Rican roots (8.2%), and some of the residents are also of Italian ancestry (6.3%), along with some Irish ancestry residents (4.9%), among others. In addition, 13.4% of the residents of this neighborhood were born in another country.

Getting to Work

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 Silver Springs Shores South neighborhood spend between 15 and 30 minutes commuting one-way to work (36.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.4%) 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 (8.1%) . 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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