Watermill / Watermill Cove median real estate price is $411,716, which is more expensive than 56.5% of the neighborhoods in Florida and 64.1% of the neighborhoods in the U.S.
The average rental price in Watermill / Watermill Cove is currently $4,158, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.4% of the neighborhoods in Florida.
Watermill / Watermill Cove is a suburban neighborhood (based on population density) located in Orlando, Florida.
Watermill / Watermill Cove real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Watermill / Watermill Cove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Watermill / Watermill Cove, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 85.5% of all neighborhoods in the U.S. This means that the housing supply in Watermill / Watermill Cove is very tight compared to the demand for property here.
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.
Of note is NeighborhoodScout's research finding that the Watermill / Watermill Cove neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Watermill / Watermill Cove community truly stands out from the rest in this regard.
In addition, the Watermill / Watermill Cove neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 94.7% of Florida neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and college students.
Most neighborhoods are composed of a mixture of ages of homes, but the Watermill / Watermill Cove 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, 89.5% of the residential real estate here was built in this one time period.
In addition, the Watermill / Watermill Cove neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.5% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.3% of all neighborhoods in America.
Did you know that the Watermill / Watermill Cove neighborhood has more Lithuanian and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.7% of this neighborhood's residents have Lithuanian ancestry and 9.0% have Puerto Rican ancestry.
Watermill / Watermill Cove is also pretty special linguistically. Significantly, 4.2% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.
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 Watermill / Watermill Cove neighborhood in Orlando are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 87.4% 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.
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 Watermill / Watermill Cove neighborhood, 56.2% 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 21.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.0%), and 10.2% in government jobs, whether they are in local, state, or federal positions.
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 Watermill / Watermill Cove neighborhood is English, spoken by 77.9% of households. Other important languages spoken here include Spanish, Vietnamese and Chinese.
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 Watermill / Watermill Cove neighborhood in Orlando, FL, residents most commonly identify their ethnicity or ancestry as German (13.5%). There are also a number of people of Asian ancestry (11.7%), and residents who report Puerto Rican roots (9.0%), and some of the residents are also of English ancestry (8.1%), along with some Irish ancestry residents (5.5%), among others. In addition, 17.4% of the residents of this neighborhood were born in another country.
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 Watermill / Watermill Cove neighborhood spend between 15 and 30 minutes commuting one-way to work (42.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (79.1%) 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 (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.