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Real Estate Prices & Overview

Galt Mile North median real estate price is $724,509, which is more expensive than 88.5% of the neighborhoods in Florida and 85.7% of the neighborhoods in the U.S.

The average rental price in Galt Mile North is currently $4,080, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.1% of the neighborhoods in Florida.

Galt Mile North is a densely urban neighborhood (based on population density) located in Fort Lauderdale, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Galt Mile North real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Galt Mile North neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Galt Mile North. The current real estate vacancy rate here is 56.4%. This is higher than the rate of vacancies in 99.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (51.9%). 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.

Real Estate

The Galt Mile North neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 33,069 persons per square mile in the neighborhood, it is more packed with people than 97.3% of the nation's neighborhoods. Do you like a coastal setting? If so, this neighborhood may be to your liking. The Galt Mile North 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, Galt Mile North 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.

In addition, one of the really unique and interesting things about the look and setting of the Galt Mile North neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.2% of all neighborhoods in America.

Furthermore, despite all of the residential real estate here in the Galt Mile North neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 56.4%, which is higher than 99.1% of all U.S. neighborhoods.

Also of note, the Galt Mile North neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 84.3% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

People

Of note is NeighborhoodScout's research finding that the Galt Mile North 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 Galt Mile North community truly stands out from the rest in this regard.

In addition, divorcees may find friendship and understanding in this neighborhood, as 22.1% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 97.5% of the neighborhoods in America.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Galt Mile North neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Galt Mile North neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.5% of all neighborhoods in America.

Diversity

Did you know that the Galt Mile North neighborhood has more Austrian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Austrian ancestry and 22.0% have Italian 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 Galt Mile North neighborhood in Fort Lauderdale are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 77.2% 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 Galt Mile North neighborhood, 53.4% 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 25.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.1%), and 10.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Galt Mile North neighborhood is English, spoken by 73.3% of households. Some people also speak Spanish (12.3%).

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 Galt Mile North neighborhood in Fort Lauderdale, FL, residents most commonly identify their ethnicity or ancestry as Italian (22.0%). There are also a number of people of English ancestry (13.7%), and residents who report Irish roots (12.0%), and some of the residents are also of German ancestry (7.6%), along with some South American ancestry residents (6.6%), among others. In addition, 30.7% 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 Galt Mile North neighborhood spend between 15 and 30 minutes commuting one-way to work (40.0% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (11.1%) who commute over an hour in each direction.

Here most residents (81.2%) 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 (5.8%) . 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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