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Real Estate Prices & Overview

Silver Springs East median real estate price is $99,310, which is less expensive than 97.5% of Florida neighborhoods and 95.0% of all U.S. neighborhoods.

The average rental price in Silver Springs East is currently $1,741, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.3% of Florida neighborhoods.

Silver Springs East is a rural neighborhood (based on population density) located in Ocklawaha, Florida.

Silver Springs East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Silver Springs 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 Silver Springs East. The current real estate vacancy rate here is 37.6%. This is higher than the rate of vacancies in 97.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (28.7%). 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

The Silver Springs East neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 74.1% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.9% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Silver Springs East stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 87.1% of the residential real estate here was built in this one time period.

Furthermore, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 37.6% of the residential real estate vacant, the Silver Springs East neighborhood claims the distinction of having a higher vacancy rate than 97.1% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Silver Springs East neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 41.5% of the households here have four, five, or more cars. That is more cars per household than in 98.6% of the neighborhoods in the nation.

Modes of Transportation

Our research shows that more people carpool to work here in the Silver Springs East (26.3%) than in 97.7% of the neighborhoods in America.

Occupations

The Silver Springs East neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.9% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Diversity

Did you know that the Silver Springs East neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.0% of this neighborhood's residents have Scots-Irish 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 Silver Springs East neighborhood in Ocklawaha are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.4% of U.S. neighborhoods. In addition, 5.4% 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 63.2% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Silver Springs East neighborhood, 34.2% 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 30.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.3%), and 10.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Silver Springs East neighborhood is English, spoken by 82.7% of households. Some people also speak Spanish (13.5%).

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 Silver Springs East neighborhood in Ocklawaha, FL, residents most commonly identify their ethnicity or ancestry as German (24.2%). There are also a number of people of English ancestry (11.4%), and residents who report Scots-Irish roots (11.0%), and some of the residents are also of Irish ancestry (8.9%), along with some Puerto Rican ancestry residents (6.0%), 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 Silver Springs East neighborhood spend between 15 and 30 minutes commuting one-way to work (44.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (63.9%) 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 (26.3%) and 6.5% of residents also ride the bus for their daily commute. 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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