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Real Estate Prices & Overview

Ballast Point median real estate price is $715,084, which is more expensive than 85.5% of the neighborhoods in Florida and 83.1% of the neighborhoods in the U.S.

The average rental price in Ballast Point is currently $2,414, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.3% of Florida neighborhoods.

Ballast Point is an urban neighborhood (based on population density) located in Tampa, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Ballast Point real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Ballast Point neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Ballast Point has a 13.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Tampa, the Ballast Point neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Ballast Point neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Ballast Point 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.

Occupations

With 3.4% of employed workers living in the Ballast Point neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 97.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

If you're nearing retirement age, or in retirement, the Ballast Point is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.2% 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 and highly educated executives.

Diversity

Did you know that the Ballast Point neighborhood has more Romanian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.8% of this neighborhood's residents have Romanian ancestry and 6.3% have Cuban 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 Ballast Point neighborhood in Tampa are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.3% of the neighborhoods in America. In addition, 7.4% 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 57.5% 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 Ballast Point neighborhood, 68.2% 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 26.7% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (4.2%), and 3.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Ballast Point neighborhood is English, spoken by 78.2% of households. Some people also speak Spanish (15.8%).

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 Ballast Point neighborhood in Tampa, FL, residents most commonly identify their ethnicity or ancestry as German (15.7%). There are also a number of people of South American ancestry (10.6%), and residents who report Italian roots (10.2%), and some of the residents are also of Irish ancestry (10.2%), along with some English ancestry residents (9.6%), among others. In addition, 12.1% of the residents of this neighborhood were born in another country.

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 Ballast Point neighborhood spend between 30 and 45 minutes commuting one-way to work (32.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (78.3%) drive alone in a private automobile to get to work. 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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