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Real Estate Prices & Overview

Lake Aire Palm View / Dillard Park median real estate price is $323,511, which is more expensive than 38.2% of the neighborhoods in Florida and 49.8% of the neighborhoods in the U.S.

The average rental price in Lake Aire Palm View / Dillard Park is currently $2,567, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.7% of Florida neighborhoods.

Lake Aire Palm View / Dillard Park is a suburban neighborhood (based on population density) located in Fort Lauderdale, Florida.

Lake Aire Palm View / Dillard Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lake Aire Palm View / Dillard Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.9% in Lake Aire Palm View / Dillard Park. NeighborhoodScout analysis shows that this rate is lower than 45.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Diversity

Did you know that the Lake Aire Palm View / Dillard Park neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.1% of this neighborhood's residents have Jamaican ancestry and 4.5% have Haitian 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 Lake Aire Palm View / Dillard Park neighborhood in Fort Lauderdale are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.6% of U.S. neighborhoods. With 37.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.6% of U.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 Lake Aire Palm View / Dillard Park neighborhood, 33.6% 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 26.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.1%), and 15.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lake Aire Palm View / Dillard Park neighborhood is English, spoken by 91.3% of households. Some people also speak French (2.5%).

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 Lake Aire Palm View / Dillard Park neighborhood in Fort Lauderdale, FL, residents most commonly identify their ethnicity or ancestry as Jamaican (25.1%). There are also a number of people of Haitian ancestry (4.5%), and residents who report Sub-Saharan African roots (2.9%), and some of the residents are also of African ancestry (2.9%), along with some German ancestry residents (2.7%), among others.

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 Lake Aire Palm View / Dillard Park neighborhood spend between 15 and 30 minutes commuting one-way to work (48.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.2%) 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 (19.7%) and 8.8% of residents also ride the bus for their daily commute. 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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