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Real Estate Prices & Overview

Royal Palm Estates median real estate price is $554,067, which is more expensive than 70.7% of the neighborhoods in Florida and 72.5% of the neighborhoods in the U.S.

The average rental price in Royal Palm Estates is currently $4,059, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.9% of the neighborhoods in Florida.

Royal Palm Estates is a suburban neighborhood (based on population density) located in Greenacres, Florida.

Royal Palm Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes 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 Royal Palm Estates neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Royal Palm Estates are 5.6%, which is lower than one will find in 62.8% of American neighborhoods. Demand for real estate in Royal Palm Estates 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

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

In the Royal Palm Estates neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.5% of commuters carpool here, which is more than in 95.4% of all U.S. neighborhoods.

Diversity

Did you know that the Royal Palm Estates neighborhood has more Haitian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.4% of this neighborhood's residents have Haitian ancestry and 11.1% have South American ancestry.

Royal Palm Estates is also pretty special linguistically. Significantly, 4.8% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 97.4% 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 Royal Palm Estates neighborhood in Greenacres are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.8% of U.S. neighborhoods. With 39.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.7% of U.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 Royal Palm Estates neighborhood, 29.7% 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 manufacturing and laborer occupations, with 28.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (27.3%), and 14.7% in clerical, assistant, and tech support occupations.

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 Royal Palm Estates neighborhood is English, spoken by 58.5% of households. Other important languages spoken here include Spanish, French and Vietnamese.

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 Royal Palm Estates neighborhood in Greenacres, FL, residents most commonly identify their ethnicity or ancestry as South American (11.1%). There are also a number of people of Puerto Rican ancestry (10.8%), and residents who report Mexican roots (7.6%), and some of the residents are also of Haitian ancestry (6.4%), along with some Jamaican ancestry residents (5.1%), among others. In addition, 26.5% 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 Royal Palm Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (43.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (72.3%) 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 (22.5%) . 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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