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Real Estate Prices & Overview

Fred Lee Park median real estate price is $396,962, which is more expensive than 48.7% of the neighborhoods in Florida and 57.3% of the neighborhoods in the U.S.

The average rental price in Fred Lee Park is currently $2,815, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.2% of Florida neighborhoods.

Fred Lee Park is a suburban neighborhood (based on population density) located in Palm Bay, Florida.

Fred Lee Park 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 owner occupied. Many of the residences in the Fred Lee Park 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 Fred Lee Park are 5.0%, which is lower than one will find in 66.7% of American neighborhoods. Demand for real estate in Fred Lee Park 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

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.

Diversity

Did you know that the Fred Lee Park neighborhood has more Welsh and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.1% of this neighborhood's residents have Welsh ancestry and 2.5% have British 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 Fred Lee Park neighborhood in Palm Bay are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.6% 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 66.2% of America'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 Fred Lee Park neighborhood, 49.3% 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 20.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.8%), and 14.5% 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 Fred Lee Park neighborhood is English, spoken by 83.7% of households. Other important languages spoken here include Spanish and Chinese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Fred Lee Park neighborhood in Palm Bay, FL, residents most commonly identify their ethnicity or ancestry as Irish (18.3%). There are also a number of people of German ancestry (11.4%), and residents who report English roots (9.3%), and some of the residents are also of Puerto Rican ancestry (9.1%), along with some Welsh ancestry residents (9.1%), among others. In addition, 12.0% 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 Fred Lee Park neighborhood spend between 15 and 30 minutes commuting one-way to work (60.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.9%) 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 (12.5%) . 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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