Melbourne Village / Meadow Lake median real estate price is $320,933, which is more expensive than 38.1% of the neighborhoods in Florida and 48.8% of the neighborhoods in the U.S.
The average rental price in Melbourne Village / Meadow Lake is currently $2,692, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.1% of Florida neighborhoods.
Melbourne Village / Meadow Lake is a suburban neighborhood (based on population density) located in West Melbourne, Florida.
Melbourne Village / Meadow Lake 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 occupied by a mixture of owners and renters. Many of the residences in the Melbourne Village / Meadow Lake neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 9.4% in Melbourne Village / Meadow Lake. NeighborhoodScout analysis shows that this rate is lower than 42.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
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 Melbourne Village / Meadow Lake neighborhood in West Melbourne are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.5% of the neighborhoods in America. In addition, 2.7% 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 73.0% 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 Melbourne Village / Meadow Lake neighborhood, 60.3% 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 15.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.3%), and 12.1% in manufacturing and laborer occupations.
The most common language spoken in the Melbourne Village / Meadow Lake neighborhood is English, spoken by 88.6% of households. Some people also speak Spanish (8.1%).
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 Melbourne Village / Meadow Lake neighborhood in West Melbourne, FL, residents most commonly identify their ethnicity or ancestry as German (16.6%). There are also a number of people of Italian ancestry (15.2%), and residents who report Irish roots (14.8%), and some of the residents are also of English ancestry (13.7%), along with some Puerto Rican ancestry residents (5.9%), among others.
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 Melbourne Village / Meadow Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (41.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (85.1%) 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.