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Real Estate Prices & Overview

Panacoochee Retreats median real estate price is $120,378, which is less expensive than 94.6% of Florida neighborhoods and 89.3% of all U.S. neighborhoods.

The average rental price in Panacoochee Retreats is currently $1,229, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.3% of Florida neighborhoods.

Panacoochee Retreats is a suburban neighborhood (based on population density) located in Lake Panasoffkee, Florida.

Panacoochee Retreats real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Panacoochee Retreats neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Panacoochee Retreats. The current real estate vacancy rate here is 25.3%. This is higher than the rate of vacancies in 91.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (18.5%). 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 real estate in this neighborhood consists of more mobile homes than 97.8% of all neighborhoods in America, with 41.0% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Panacoochee Retreats neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.8% of its workforce, this neighborhood has a greater concentration of government workers than 97.5% of U.S. neighborhoods.

People

Divorcees may find friendship and understanding in this neighborhood, as 20.2% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.5% of the neighborhoods in America.

Diversity

Did you know that the Panacoochee Retreats neighborhood has more Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.4% of this neighborhood's residents have Portuguese ancestry.

Panacoochee Retreats is also pretty special linguistically. Significantly, 1.6% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 96.8% 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 Panacoochee Retreats neighborhood in Lake Panasoffkee are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 88.0% of U.S. neighborhoods. With 42.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.4% 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 Panacoochee Retreats neighborhood, 35.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.5%), and 15.8% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Panacoochee Retreats neighborhood is English, spoken by 96.3% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Panacoochee Retreats neighborhood in Lake Panasoffkee, FL, residents most commonly identify their ethnicity or ancestry as Irish (20.1%). There are also a number of people of English ancestry (15.4%), and residents who report German roots (13.3%), and some of the residents are also of Italian ancestry (6.0%), along with some Mexican ancestry residents (5.7%), among others.

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 Panacoochee Retreats neighborhood spend between 15 and 30 minutes commuting one-way to work (47.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (74.3%) 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 (18.4%) . 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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