Emerald Point Resort / Palm Bay median real estate price is $362,701, which is more expensive than 38.2% of the neighborhoods in Florida and 48.0% of the neighborhoods in the U.S.
The average rental price in Emerald Point Resort / Palm Bay is currently $2,057, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.5% of Florida neighborhoods.
Emerald Point Resort / Palm Bay is a suburban neighborhood (based on population density) located in Panama City, Florida.
Emerald Point Resort / Palm Bay 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 Emerald Point Resort / Palm 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.
Emerald Point Resort / Palm Bay has a 13.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.9% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (8.3%), 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.
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.
Did you know that the Emerald Point Resort / Palm Bay neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Scots-Irish ancestry.
Emerald Point Resort / Palm Bay is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.
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 Emerald Point Resort / Palm Bay neighborhood in Panama City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.0% of U.S. neighborhoods. In addition, 5.7% 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 62.5% 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 Emerald Point Resort / Palm Bay neighborhood, 37.7% 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 36.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.3%), and 11.1% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Emerald Point Resort / Palm Bay neighborhood is English, spoken by 84.6% of households. Some people also speak Spanish (5.5%).
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 Emerald Point Resort / Palm Bay neighborhood in Panama City, FL, residents most commonly identify their ethnicity or ancestry as German (11.1%). There are also a number of people of Irish ancestry (10.3%), and residents who report English roots (10.1%), and some of the residents are also of Polish ancestry (6.6%), along with some French ancestry residents (5.8%), among others. In addition, 12.7% of the residents of this neighborhood were born in another country.
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 Emerald Point Resort / Palm Bay neighborhood spend between 15 and 30 minutes commuting one-way to work (38.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (76.6%) 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 (15.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.