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Real Estate Prices & Overview

Emerald Lakes / New Monrovia median real estate price is $374,703, which is more expensive than 46.9% of the neighborhoods in Florida and 56.4% of the neighborhoods in the U.S.

The average rental price in Emerald Lakes / New Monrovia is currently $2,816, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.9% of Florida neighborhoods.

Emerald Lakes / New Monrovia is a suburban neighborhood (based on population density) located in Stuart, Florida.

Emerald Lakes / New Monrovia real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Emerald Lakes / New Monrovia neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Emerald Lakes / New Monrovia. The current real estate vacancy rate here is 22.0%. This is higher than the rate of vacancies in 88.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (11.8%). 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 Stuart, the Emerald Lakes / New Monrovia neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Emerald Lakes / New Monrovia 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 Emerald Lakes / New Monrovia community truly stands out from the rest in this regard.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Emerald Lakes / New Monrovia 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, 85.5% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Emerald Lakes / New Monrovia neighborhood has more Croatian and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Croatian ancestry and 1.9% have Haitian ancestry.

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 Emerald Lakes / New Monrovia neighborhood in Stuart are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.5% of U.S. neighborhoods. 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.

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 Emerald Lakes / New Monrovia neighborhood, 30.3% 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 29.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.5%), and 19.8% in clerical, assistant, and tech support occupations.

Languages

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 Emerald Lakes / New Monrovia neighborhood is English, spoken by 88.4% of households. Other important languages spoken here include Spanish and French.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Emerald Lakes / New Monrovia neighborhood in Stuart, FL, residents most commonly identify their ethnicity or ancestry as Irish (20.4%). There are also a number of people of Italian ancestry (12.6%), and residents who report English roots (11.1%), and some of the residents are also of German ancestry (9.9%), along with some Mexican ancestry residents (6.1%), among others. In addition, 11.2% 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 Emerald Lakes / New Monrovia neighborhood spend between 15 and 30 minutes commuting one-way to work (36.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.7%) 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 (13.2%) . 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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