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Real Estate Prices & Overview

W Silver Springs Blvd / SW 23rd Ave median real estate price is $122,992, which is less expensive than 92.9% of Florida neighborhoods and 89.6% of all U.S. neighborhoods.

The average rental price in W Silver Springs Blvd / SW 23rd Ave is currently $1,465, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.6% of Florida neighborhoods.

W Silver Springs Blvd / SW 23rd Ave is a suburban neighborhood (based on population density) located in Ocala, Florida.

W Silver Springs Blvd / SW 23rd Ave 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 renter occupied. Many of the residences in the W Silver Springs Blvd / SW 23rd Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in W Silver Springs Blvd / SW 23rd Ave are 3.3%, which is lower than one will find in 78.3% of American neighborhoods. Demand for real estate in W Silver Springs Blvd / SW 23rd Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Ocala, the W Silver Springs Blvd / SW 23rd Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The W Silver Springs Blvd / SW 23rd Ave neighborhood stands out for having an average per capita income lower than 98.8% of the neighborhoods in the United States. Also of note, 58.1% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, divorcees may find friendship and understanding in this neighborhood, as 21.2% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 97.0% of the neighborhoods in America.

Diversity

Did you know that the W Silver Springs Blvd / SW 23rd Ave neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.3% of this neighborhood's residents have Puerto Rican ancestry and 5.9% have Dominican ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the W Silver Springs Blvd / SW 23rd Ave neighborhood in Ocala are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.8% of U.S. neighborhoods. With 58.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.4% 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 W Silver Springs Blvd / SW 23rd Ave neighborhood, 31.6% 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 manufacturing and laborer occupations, with 25.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.4%), and 19.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the W Silver Springs Blvd / SW 23rd Ave neighborhood is English, spoken by 72.6% of households. Some people also speak Spanish (26.7%).

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 W Silver Springs Blvd / SW 23rd Ave neighborhood in Ocala, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (15.3%). There are also a number of people of Sub-Saharan African ancestry (7.9%), and residents who report African roots (7.9%), and some of the residents are also of Mexican ancestry (7.3%), along with some Dominican ancestry residents (5.9%), 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 W Silver Springs Blvd / SW 23rd Ave neighborhood spend under 15 minutes commuting one-way to work (45.6% of working residents), one of the shortest commutes across America.

Here most residents (66.7%) 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 (15.3%) . 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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