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Real Estate Prices & Overview

Isle of Palms / Paradise Island median real estate price is $678,824, which is more expensive than 79.3% of the neighborhoods in Florida and 79.7% of the neighborhoods in the U.S.

The average rental price in Isle of Palms / Paradise Island is currently $2,872, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.6% of Florida neighborhoods.

Isle of Palms / Paradise Island is an urban neighborhood (based on population density) located in Treasure Island, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Isle of Palms / Paradise Island 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 owner occupied. Many of the residences in the Isle of Palms / Paradise Island 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 Isle of Palms / Paradise Island. The current real estate vacancy rate here is 26.1%. This is higher than the rate of vacancies in 92.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (20.2%). 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

Isle of Palms / Paradise Island is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Isle of Palms / Paradise Island 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.

People

With more than 1.7% of residents living with a same sex partner, Isle of Palms / Paradise Island is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.7% of U.S. neighborhoods.

Diversity

Did you know that the Isle of Palms / Paradise Island neighborhood has more British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have British ancestry.

Isle of Palms / Paradise Island is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.8% of the neighborhoods in America.

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 Isle of Palms / Paradise Island neighborhood in Treasure Island are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.7% of the neighborhoods in America. In addition, 6.5% 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 60.6% 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 Isle of Palms / Paradise Island neighborhood, 54.6% 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 26.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.8%), and 6.5% in manufacturing and laborer 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 Isle of Palms / Paradise Island neighborhood is English, spoken by 92.2% of households. Other important languages spoken here include Spanish and Polish.

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 Isle of Palms / Paradise Island neighborhood in Treasure Island, FL, residents most commonly identify their ethnicity or ancestry as German (18.7%). There are also a number of people of Irish ancestry (14.8%), and residents who report English roots (12.8%), and some of the residents are also of Italian ancestry (8.8%), along with some Polish ancestry residents (4.7%), 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 Isle of Palms / Paradise Island neighborhood spend between 15 and 30 minutes commuting one-way to work (34.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.2%) 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 (9.3%) . 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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