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Real Estate Prices & Overview

Parker Lakes / Cypress Village median real estate price is $332,890, which is less expensive than 64.4% of Florida neighborhoods and 52.2% of all U.S. neighborhoods.

The average rental price in Parker Lakes / Cypress Village is currently $3,508, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.3% of the neighborhoods in Florida.

Parker Lakes / Cypress Village is a suburban neighborhood (based on population density) located in Fort Myers, Florida.

Parker Lakes / Cypress Village 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 owner occupied. Many of the residences in the Parker Lakes / Cypress Village 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 Parker Lakes / Cypress Village. The current real estate vacancy rate here is 22.6%. This is higher than the rate of vacancies in 89.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (22.6%). 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 Fort Myers, the Parker Lakes / Cypress Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Divorcees may find friendship and understanding in this neighborhood, as 21.5% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 97.2% of the neighborhoods in America.

In addition, according to NeighborhoodScout's research, Parker Lakes / Cypress Village is better suited for first-time home buyers than 85.4% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Florida. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

Modes of Transportation

While most Americans do drive to work alone each day, the Parker Lakes / Cypress Village neighborhood stands out by having 89.1% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 95.3% of all American neighborhoods.

Diversity

Did you know that the Parker Lakes / Cypress Village neighborhood has more Hungarian and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Hungarian ancestry and 3.0% have Welsh ancestry.

Parker Lakes / Cypress Village is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.1% 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 Parker Lakes / Cypress Village neighborhood in Fort Myers are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.3% of U.S. neighborhoods. With 29.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.7% 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 Parker Lakes / Cypress Village neighborhood, 53.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 17.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.4%), and 13.0% 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 Parker Lakes / Cypress Village neighborhood is English, spoken by 96.1% of households. Other important languages spoken here include Italian, Polish and Spanish.

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 Parker Lakes / Cypress Village neighborhood in Fort Myers, FL, residents most commonly identify their ethnicity or ancestry as German (26.0%). There are also a number of people of Irish ancestry (13.5%), and residents who report English roots (8.2%), and some of the residents are also of Italian ancestry (7.1%), along with some Scottish ancestry residents (5.0%), among others. In addition, 10.2% 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 Parker Lakes / Cypress Village neighborhood spend between 15 and 30 minutes commuting one-way to work (45.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (89.1%) 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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