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Real Estate Prices & Overview

Cornwallis / Gold Coast median real estate price is $711,410, which is more expensive than 82.4% of the neighborhoods in Florida and 81.1% of the neighborhoods in the U.S.

The average rental price in Cornwallis / Gold Coast is currently $2,869, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.6% of the neighborhoods in Florida.

Cornwallis / Gold Coast is a suburban neighborhood (based on population density) located in Cape Coral, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Cornwallis / Gold Coast 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 owner occupied. Many of the residences in the Cornwallis / Gold Coast 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 Cornwallis / Gold Coast. The current real estate vacancy rate here is 28.8%. This is higher than the rate of vacancies in 94.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (20.7%). 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 Cape Coral, the Cornwallis / Gold Coast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Cornwallis / Gold Coast neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Cornwallis / Gold Coast is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

People

If you're planning where to retire, the Cornwallis / Gold Coast neighborhood in Cape Coral is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in FL, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 87.5% of the neighborhoods in Florida. If you are considering retiring to Florida, this is a good neighborhood to look at.

Diversity

Did you know that the Cornwallis / Gold Coast neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.8% of this neighborhood's residents have Cuban ancestry.

Cornwallis / Gold Coast is also pretty special linguistically. Significantly, 3.1% 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 98.1% 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 Cornwallis / Gold Coast neighborhood in Cape Coral are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.1% of the neighborhoods in America. In addition, 6.4% 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 60.2% 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 Cornwallis / Gold Coast neighborhood, 48.7% 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 29.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.1%), and 10.7% 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 Cornwallis / Gold Coast neighborhood is English, spoken by 83.3% of households. Other important languages spoken here include Spanish, Chinese, Polish and German/Yiddish.

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 Cornwallis / Gold Coast neighborhood in Cape Coral, FL, residents most commonly identify their ethnicity or ancestry as German (21.6%). There are also a number of people of English ancestry (10.9%), and residents who report Irish roots (8.8%), and some of the residents are also of Asian ancestry (6.9%), along with some Cuban ancestry residents (4.8%), among others. In addition, 15.6% 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 Cornwallis / Gold Coast neighborhood spend between 15 and 30 minutes commuting one-way to work (51.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.8%) 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 (8.3%) . 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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