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Real Estate Prices & Overview

North Palm Beach East median real estate price is $680,622, which is more expensive than 74.8% of the neighborhoods in Florida and 76.8% of the neighborhoods in the U.S.

The average rental price in North Palm Beach East is currently $3,891, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.0% of the neighborhoods in Florida.

North Palm Beach East is an urban neighborhood (based on population density) located in North Palm Beach, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

North Palm Beach East 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 townhomes. Most of the residential real estate is owner occupied. Many of the residences in the North Palm Beach East 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 North Palm Beach East. The current real estate vacancy rate here is 36.3%. This is higher than the rate of vacancies in 96.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (35.1%). 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 North Palm Beach, the North Palm Beach East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

North Palm Beach East is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, North Palm Beach East 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 North Palm Beach East neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 94.2% 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 98.8% of all neighborhoods in America.

Furthermore, despite all of the residential real estate here in the North Palm Beach East 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 36.3%, which is higher than 96.8% of all U.S. neighborhoods.

Also of note, the North Palm Beach East 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 83.0% 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

In a nation where 1 out of every 4 children lives in poverty, the North Palm Beach East neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the most interesting things about the North Palm Beach East neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 49.1% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 95.1% of the neighborhoods in America.

Also, if you're nearing retirement age, or in retirement, the North Palm Beach East is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.7% of retiree-friendly neighborhoods in Florida, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Florida. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates.

Diversity

Did you know that the North Palm Beach East neighborhood has more Finnish and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Finnish ancestry and 30.0% have Irish ancestry.

North Palm Beach East is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 96.3% 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 North Palm Beach East neighborhood in North Palm Beach are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.1% 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 North Palm Beach East neighborhood, 57.9% 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 22.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.0%), and 2.1% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the North Palm Beach East neighborhood is English, spoken by 92.1% of households.

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 North Palm Beach East neighborhood in North Palm Beach, FL, residents most commonly identify their ethnicity or ancestry as Irish (30.0%). There are also a number of people of German ancestry (18.7%), and residents who report Italian roots (14.0%), and some of the residents are also of English ancestry (11.1%), along with some Finnish ancestry residents (3.0%), among others. In addition, 12.0% 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 North Palm Beach East neighborhood spend between 15 and 30 minutes commuting one-way to work (54.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.9%) . 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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