Market Square District median real estate price is $466,291, which is more expensive than 52.2% of the neighborhoods in Florida and 55.7% of the neighborhoods in the U.S.
The average rental price in Market Square District is currently $2,161, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.5% of Florida neighborhoods.
Market Square District is a suburban neighborhood (based on population density) located in Cape Coral, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Market Square District 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 occupied by a mixture of owners and renters. Many of the residences in the Market Square District 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 Market Square District. The current real estate vacancy rate here is 36.8%. This is higher than the rate of vacancies in 96.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (24.6%). 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.
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 Cape Coral, the Market Square District neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Market Square District 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, Market Square District 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.
In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 36.8% of the residential real estate vacant, the Market Square District neighborhood claims the distinction of having a higher vacancy rate than 96.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
If you're planning where to retire, the Market Square District neighborhood in Cape Coral is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in FL, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 85.1% of the neighborhoods in Florida. If you are considering retiring to Florida, this is a good neighborhood to look at.
Did you know that the Market Square District neighborhood has more Lebanese and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.3% of this neighborhood's residents have Lebanese ancestry and 1.6% have Austrian ancestry.
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 Market Square District neighborhood in Cape Coral are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.9% of U.S. neighborhoods. With 16.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.5% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Market Square District neighborhood, 35.3% 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 executive, management, and professional occupations, with 32.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.6%), and 16.1% in clerical, assistant, and tech support occupations.
The most common language spoken in the Market Square District neighborhood is English, spoken by 85.4% of households. Some people also speak Spanish (11.8%).
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 Market Square District neighborhood in Cape Coral, FL, residents most commonly identify their ethnicity or ancestry as German (25.3%). There are also a number of people of Irish ancestry (23.1%), and residents who report English roots (9.3%), and some of the residents are also of Italian ancestry (8.4%), along with some Polish ancestry residents (6.5%), among others.
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 Market Square District neighborhood spend between 15 and 30 minutes commuting one-way to work (40.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (83.9%) 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.