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Real Estate Prices & Overview

Palmer Ranch South median real estate price is $952,209, which is more expensive than 92.0% of the neighborhoods in Florida and 90.2% of the neighborhoods in the U.S.

The average rental price in Palmer Ranch South is currently $3,318, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.0% of the neighborhoods in Florida.

Palmer Ranch South is a suburban neighborhood (based on population density) located in Sarasota, Florida.

Palmer Ranch South 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 Palmer Ranch South neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Palmer Ranch South. The current real estate vacancy rate here is 16.4%. This is higher than the rate of vacancies in 80.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (10.0%). 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.

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.

People

If you are planning to retire in Florida, this neighborhood should be on your must-see list. For many reasons, Palmer Ranch South 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 99.3% 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, urban sophisticates and families with school-aged children.

In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Palmer Ranch South neighborhood may actually hold the key. 75.7% of its residents are married, which is a higher percentage than is found in 99.1% of the neighborhoods in America.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Palmer Ranch South neighborhood's real estate landscape than 95.8% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 70.0% of the residential real estate here is classified as newer.

Diversity

Did you know that the Palmer Ranch South neighborhood has more Lithuanian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Lithuanian ancestry and 3.2% have Eastern European ancestry.

Palmer Ranch South is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 95.1% of the neighborhoods in America.

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 Palmer Ranch South neighborhood in Sarasota 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 90.2% of the neighborhoods in America. With 12.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.8% 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 Palmer Ranch South neighborhood, 39.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (26.8%), and 5.2% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Palmer Ranch South neighborhood is English, spoken by 91.4% of households.

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 Palmer Ranch South neighborhood in Sarasota, FL, residents most commonly identify their ethnicity or ancestry as German (19.8%). There are also a number of people of Italian ancestry (12.8%), and residents who report English roots (12.0%), and some of the residents are also of Irish ancestry (9.3%), along with some Russian ancestry residents (3.9%), among others. In addition, 11.4% 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 Palmer Ranch South neighborhood spend between 30 and 45 minutes commuting one-way to work (54.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (76.2%) 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.


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Crime includes:
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