Perdido Key Coves median real estate price is $798,315, which is more expensive than 86.2% of the neighborhoods in Florida and 84.3% of the neighborhoods in the U.S.
The average rental price in Perdido Key Coves is currently $3,458, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.8% of the neighborhoods in Florida.
Perdido Key Coves is a rural neighborhood (based on population density) located in Pensacola, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Perdido Key Coves real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Perdido Key Coves 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.
Vacant apartments or homes are a major fact of life in Perdido Key Coves. The current real estate vacancy rate here is 75.4%. This is higher than the rate of vacancies in 99.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (65.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
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.
Real Estate
Perdido Key Coves is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Perdido Key Coves is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of. One of the notable things about Perdido Key Coves is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
In addition, despite all of the residential real estate here in the Perdido Key Coves neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 75.4%, which is higher than 99.8% of all U.S. neighborhoods.
Furthermore, the real estate in the Perdido Key Coves neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 79.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.7% of American neighborhoods.
People
Of note is NeighborhoodScout's research finding that the Perdido Key Coves neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Perdido Key Coves community truly stands out from the rest in this regard.
In addition, if you are planning to retire in Florida, this neighborhood should be on your must-see list. For many reasons, Perdido Key Coves may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Florida, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.8% of neighborhoods in FL. If a Florida retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.
Occupations
With 2.0% of employed workers living in the Perdido Key Coves neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.4% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Furthermore, the Perdido Key Coves neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.6% of the neighborhoods in America. In fact, 70.2% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Perdido Key Coves neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Perdido Key Coves neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.3% of all neighborhoods in America.
Diversity
Did you know that the Perdido Key Coves neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Scots-Irish ancestry.
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 Perdido Key Coves neighborhood in Pensacola are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 86.9% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Perdido Key Coves neighborhood, 70.2% 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 14.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.4%), and 5.2% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Perdido Key Coves neighborhood is English, spoken by 97.7% of households.
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 Perdido Key Coves neighborhood in Pensacola, FL, residents most commonly identify their ethnicity or ancestry as German (17.4%). There are also a number of people of Irish ancestry (14.3%), and residents who report English roots (14.0%), and some of the residents are also of French ancestry (6.6%), along with some Italian ancestry residents (4.5%), among others.
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 Perdido Key Coves neighborhood spend between 30 and 45 minutes commuting one-way to work (37.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (10.9%) who commute over an hour in each direction.
Here most residents (71.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
