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Real Estate Prices & Overview

Cedar Grove median real estate price is $199,082, which is less expensive than 88.0% of Florida neighborhoods and 78.7% of all U.S. neighborhoods.

The average rental price in Cedar Grove is currently $1,756, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.4% of Florida neighborhoods.

Cedar Grove is a suburban neighborhood (based on population density) located in Panama City, Florida.

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

Home and apartment vacancy rates are 7.6% in Cedar Grove. NeighborhoodScout analysis shows that this rate is lower than 50.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Modes of Transportation

Our research shows that more people carpool to work here in the Cedar Grove (23.0%) than in 95.8% 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 Cedar Grove neighborhood in Panama City are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.7% of U.S. neighborhoods. With 18.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.5% 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 Cedar Grove neighborhood, 34.5% 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 manufacturing and laborer occupations, with 29.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 18.0% in executive, management, and professional occupations.

Languages

The most common language spoken in the Cedar Grove neighborhood is English, spoken by 87.4% of households. Some people also speak Spanish (6.1%).

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 Cedar Grove neighborhood in Panama City, FL, residents most commonly identify their ethnicity or ancestry as German (16.0%). There are also a number of people of Irish ancestry (11.4%), and residents who report English roots (5.9%), and some of the residents are also of Italian ancestry (3.9%), along with some South American ancestry residents (2.9%), among others. In addition, 10.4% 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 Cedar Grove neighborhood spend between 15 and 30 minutes commuting one-way to work (51.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.6%) 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 (23.0%) . 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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