Real Estate Prices and Overview
Palma Sola Park median real estate prices are $254,387, which is more expensive than 79.5% of the neighborhoods
in Florida and 71.7% of the
neighborhoods in the U.S.
Average rental prices in Palma Sola Park are currently
$1,607, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.5%
of the neighborhoods in Florida.
Palma Sola Park is a suburban neighborhood (based on population
density) located in Bradenton, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Palma Sola Park 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 owner occupied. Many of
the residences in the Palma Sola Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in
Palma Sola Park. The current real estate vacancy rate here is 20.0%.
This is higher than the rate of vacancies in 84.7% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as 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.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
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.
Notable & Unique: Real Estate
Palma Sola Park 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.
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Palma Sola Park 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
Palma Sola Park community truly stands out from the rest in this regard.
In addition, if you are an executive or professional seeking a neighborhood affording
an executive lifestyle, or just wanting to find where other executives
live in the area, the Palma Sola Park neighborhood should be
on your list. It has an enviable mix of spacious homes, relatively stable
real estate values, and residents that include a number of wealthy
executives, managers, and professionals. NeighborhoodScout's exclusive
analysis places it as one of the top 11.1% executive lifestyle
neighborhoods in the state of Florida.
Notable & Unique: Modes of Transportation
While most Americans do drive to work alone each day, the
Palma Sola Park neighborhood stands out by having 96.7% of commuters
doing so, which is a higher proportion of people driving alone to work
than NeighborhoodScout found in 99.4% of all American
Notable & Unique: Diversity
Did you know that the Palma Sola Park neighborhood has more
Belgian and Swedish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.6% of
this neighborhood's residents have Belgian ancestry and 6.9% have Swedish ancestry.
Palma Sola Park is also pretty special linguistically. Significantly, 2.1% of its residents five years old and above primarily
speak Greek at home. While this may seem like a small percentage, it is higher
than 99.1% of the neighborhoods in America.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the Palma Sola Park neighborhood buck
Residents of this neighborhood must really love automobiles. NeighborhoodScout's
Analysis reveals that 40.9% of the households here have four, five,
or more cars. That is more cars per household than in 97.0% of
the neighborhoods in the nation.
Notable & Unique: Migration/Stability
Some neighborhoods have more internal cohesiveness than others. While other
neighborhoods feel like a collection of strangers who just happen to live
near each other. Sometimes this comes down to not only the personalities
of the people in a place, but how long people have been together in that
neighborhood. NeighborhoodScout's research has revealed some interesting
things about the rootedness of people in the Palma Sola Park
More residents of the Palma Sola Park neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 96.2% of U.S. neighborhoods. This neighborhood
is really made up of people who know each other, don't move often, and
have lived here in this very neighborhood for quite a while.
The Neighbors: Income
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 Palma Sola Park neighborhood in Bradenton are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 71.0% 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 99.9%
of America's neighborhoods.
The Neighbors: Occupations
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 Palma Sola Park neighborhood, 50.5%
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 21.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(15.3%), and 9.7% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Palma Sola Park neighborhood in Bradenton, FL, residents
most commonly identify their ethnicity or ancestry as German
(15.4%). There are also a number of people of Italian ancestry (13.5%) , and residents who report English roots (11.5%) , and some of the residents are also of Irish ancestry (9.9%) , along with some Swedish ancestry residents (6.9%), among others.
The Neighbors: 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 Palma Sola Park
neighborhood is English, spoken by 90.5% of households. Other important languages spoken here include Spanish, Polish and Greek.
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 Palma Sola Park neighborhood spend
under 15 minutes commuting one-way to work (38.1% of working
residents), one of the shortest commutes across America.
Here most residents (96.7%) 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.