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Real Estate Prices & Overview

Embassy Lakes / Royal Palm Ranches median real estate price is $769,448, which is more expensive than 87.2% of the neighborhoods in Florida and 85.8% of the neighborhoods in the U.S.

The average rental price in Embassy Lakes / Royal Palm Ranches is currently $6,210, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.6% of the neighborhoods in Florida.

Embassy Lakes / Royal Palm Ranches is a suburban neighborhood (based on population density) located in Cooper City, Florida.

Embassy Lakes / Royal Palm Ranches real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Embassy Lakes / Royal Palm Ranches neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Embassy Lakes / Royal Palm Ranches, the current vacancy rate is 1.2%, which is a lower rate of vacancies than 91.1% of all neighborhoods in the U.S. This means that the housing supply in Embassy Lakes / Royal Palm Ranches is very tight compared to the demand for property here.

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.

People

Of note is NeighborhoodScout's research finding that the Embassy Lakes / Royal Palm Ranches 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 Embassy Lakes / Royal Palm Ranches community truly stands out from the rest in this regard.

In addition, a majority of the adults in the Embassy Lakes / Royal Palm Ranches neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Florida by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 96.3% of the neighborhoods in Florida. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Embassy Lakes / Royal Palm Ranches stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 92.8% of the residential real estate here was built in this one time period.

In addition, if you love row houses and attached homes, you will probably really like the Embassy Lakes / Royal Palm Ranches neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 26.9% of the residential real estate here is classified as row houses and attached homes.

Furthermore, one way that the Embassy Lakes / Royal Palm Ranches neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Diversity

Did you know that the Embassy Lakes / Royal Palm Ranches neighborhood has more Eastern European and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Eastern European ancestry and 7.1% have Russian ancestry.

Embassy Lakes / Royal Palm Ranches is also pretty special linguistically. Significantly, 1.5% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.

The Neighbors

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 Embassy Lakes / Royal Palm Ranches neighborhood in Cooper City are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.6% 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.

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 Embassy Lakes / Royal Palm Ranches neighborhood, 61.8% 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 16.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.5%), and 9.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Embassy Lakes / Royal Palm Ranches neighborhood is English, spoken by 70.9% of households. Some people also speak Spanish (16.6%).

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 Embassy Lakes / Royal Palm Ranches neighborhood in Cooper City, FL, residents most commonly identify their ethnicity or ancestry as Polish (9.4%). There are also a number of people of Russian ancestry (7.1%), and residents who report German roots (6.9%), and some of the residents are also of Eastern European ancestry (6.2%), along with some Italian ancestry residents (6.2%), among others. In addition, 23.1% 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 Embassy Lakes / Royal Palm Ranches neighborhood spend between 15 and 30 minutes commuting one-way to work (48.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.1%) 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.


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