Real Estate Prices and Overview
Tierra Verde median real estate prices are $373,520, which is more expensive than 92.5% of the neighborhoods
in Florida and 85.3% of the
neighborhoods in the U.S.
Average rental prices in Tierra Verde are currently
$1,619, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.1%
of the neighborhoods in Florida.
Tierra Verde is a suburban neighborhood (based on population
density) located in St. Petersburg, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Tierra Verde 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 single-family homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Tierra Verde 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
Tierra Verde. The current real estate vacancy rate here is 26.4%.
This is higher than the rate of vacancies in 91.9% 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
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 St. Petersburg,
the Tierra Verde neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
Tierra Verde 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
If you are planning to retire in Florida, this neighborhood
should be on your must-see list. For many reasons, Tierra Verde
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 99.2% 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 and urban sophisticates.
In addition, astoundingly, NeighborhoodScout's research reveals that this single
neighborhood has a higher concentration of married couples living here
than 97.3% of all U.S. neighborhoods. Whether they have
school-aged children or not, married couples are the rule in the
Tierra Verde neighborhood. If you are a married couple, you may find many
people here with a similar lifestyle, and perhaps common interests. But if
you are single, you might not find many other singles here.
Notable & Unique: Modes of Transportation
In the Tierra Verde neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 14.2% 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 98.0% 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.
Notable & Unique: Diversity
Did you know that the Tierra Verde neighborhood has more
Austrian and Belgian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 0.9% of
this neighborhood's residents have Austrian ancestry and 0.6% have Belgian ancestry.
Tierra Verde is also pretty special linguistically. Significantly, 1.2% 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 97.8% of the neighborhoods in America.
The Neighbors: Income
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 Tierra Verde neighborhood in St. Petersburg 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.
In addition, 3.5% 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 80.2%
of America's neighborhoods.
The Neighbors: Occupations
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 Tierra Verde neighborhood, 60.6%
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 20.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(10.9%), and 7.9% in manufacturing and laborer occupations.
The Neighbors: 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 Tierra Verde neighborhood in St. Petersburg, FL, residents
most commonly identify their ethnicity or ancestry as German
(12.4%). There are also a number of people of Italian ancestry (12.0%) , and residents who report Irish roots (11.4%) , and some of the residents are also of English ancestry (10.6%) , along with some Polish ancestry residents (3.9%), among others.
The Neighbors: Languages
The most common language spoken in the Tierra Verde
neighborhood is English, spoken by 92.0% of households. Some people also speak Spanish (3.3%).
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 Tierra Verde neighborhood spend
between 15 and 30 minutes commuting one-way to work (44.9% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.6%) 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.