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Real Estate Prices & Overview

Water Ridge median real estate price is $317,854, which is less expensive than 67.8% of Florida neighborhoods and 54.3% of all U.S. neighborhoods.

The average rental price in Water Ridge is currently $2,920, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.7% of the neighborhoods in Florida.

Water Ridge is a rural neighborhood (based on population density) located in Auburndale, Florida.

Water Ridge 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 Water Ridge 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 Water Ridge. The current real estate vacancy rate here is 21.6%. This is higher than the rate of vacancies in 88.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (19.8%). 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.

Diversity

Did you know that the Water Ridge neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.4% of this neighborhood's residents have Puerto Rican ancestry and 4.9% have Dominican ancestry.

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 Water Ridge neighborhood in Auburndale are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 59.8% of the neighborhoods in America. With 17.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 65.1% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Water Ridge neighborhood, 34.3% 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 32.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.9%), and 15.2% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Water Ridge neighborhood is English, spoken by 73.6% of households. Some people also speak Spanish (21.1%).

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 Water Ridge neighborhood in Auburndale, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (15.4%). There are also a number of people of German ancestry (8.6%), and residents who report Mexican roots (8.5%), and some of the residents are also of Irish ancestry (5.4%), along with some Dominican ancestry residents (4.9%), among others.

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 Water Ridge neighborhood spend between 15 and 30 minutes commuting one-way to work (28.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.7%) 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 (7.2%) . 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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