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Real Estate Prices & Overview

S Rosemary Ave / Okeechobee Blvd median real estate price is $511,104, which is more expensive than 67.9% of the neighborhoods in Florida and 70.3% of the neighborhoods in the U.S.

The average rental price in S Rosemary Ave / Okeechobee Blvd is currently $3,590, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.2% of the neighborhoods in Florida.

S Rosemary Ave / Okeechobee Blvd is an urban neighborhood (based on population density) located in West Palm Beach, Florida.

S Rosemary Ave / Okeechobee Blvd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the S Rosemary Ave / Okeechobee Blvd 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 S Rosemary Ave / Okeechobee Blvd. The current real estate vacancy rate here is 31.1%. This is higher than the rate of vacancies in 95.2% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (18.9%). 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

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in West Palm Beach, the S Rosemary Ave / Okeechobee Blvd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the S Rosemary Ave / Okeechobee Blvd 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 S Rosemary Ave / Okeechobee Blvd community truly stands out from the rest in this regard.

Real Estate

One of the really unique and interesting things about the look and setting of the S Rosemary Ave / Okeechobee Blvd neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 93.6% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.7% of all neighborhoods in America.

In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the S Rosemary Ave / Okeechobee Blvd neighborhood. A whopping 85.9% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 98.2% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

Furthermore, the S Rosemary Ave / Okeechobee Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 91.5% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Also of note, despite all of the residential real estate here in the S Rosemary Ave / Okeechobee Blvd 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 31.1%, which is higher than 95.2% of all U.S. neighborhoods.

Modes of Transportation

In the S Rosemary Ave / Okeechobee Blvd neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 27.5% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.3% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Diversity

Did you know that the S Rosemary Ave / Okeechobee Blvd neighborhood has more Lebanese and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.6% of this neighborhood's residents have Lebanese ancestry and 5.7% have Cuban ancestry.

S Rosemary Ave / Okeechobee Blvd is also pretty special linguistically. Significantly, 1.9% 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 95.9% 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 S Rosemary Ave / Okeechobee Blvd neighborhood in West Palm Beach are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.6% 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.

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 S Rosemary Ave / Okeechobee Blvd neighborhood, 65.9% 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 25.3% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (6.9%), and 4.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the S Rosemary Ave / Okeechobee Blvd neighborhood is English, spoken by 73.5% of households. Some people also speak Spanish (13.9%).

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 S Rosemary Ave / Okeechobee Blvd neighborhood in West Palm Beach, FL, residents most commonly identify their ethnicity or ancestry as Italian (10.6%). There are also a number of people of English ancestry (10.1%), and residents who report German roots (9.3%), and some of the residents are also of Irish ancestry (8.5%), along with some Polish ancestry residents (5.9%), among others. In addition, 24.8% 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 S Rosemary Ave / Okeechobee Blvd neighborhood spend under 15 minutes commuting one-way to work (44.3% of working residents), one of the shortest commutes across America.

Here most residents (46.1%) 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 (12.6%) and 8.6% of residents also hop out the door and walk to work for their daily commute. 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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