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Real Estate Prices & Overview

Banyan Bay / Belle Meade median real estate price is $659,919, which is more expensive than 78.8% of the neighborhoods in Florida and 78.1% of the neighborhoods in the U.S.

The average rental price in Banyan Bay / Belle Meade is currently $2,176, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.0% of Florida neighborhoods.

Banyan Bay / Belle Meade is a suburban neighborhood (based on population density) located in Fort Myers, Florida.

Banyan Bay / Belle Meade 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 Banyan Bay / Belle Meade neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Banyan Bay / Belle Meade has a 14.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.6% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (12.0%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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 Fort Myers, the Banyan Bay / Belle Meade neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Banyan Bay / Belle Meade neighborhood may actually hold the key. 72.2% of its residents are married, which is a higher percentage than is found in 97.8% of the neighborhoods in America.

In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Banyan Bay / Belle Meade neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 11.2% executive lifestyle neighborhoods in the state of Florida.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Banyan Bay / Belle Meade neighborhood. A whopping 71.5% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.1% of the neighborhoods in the U.S. Everything here just feels new.

Diversity

Did you know that the Banyan Bay / Belle Meade neighborhood has more Russian and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.1% of this neighborhood's residents have Russian ancestry and 3.6% have Welsh 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 Banyan Bay / Belle Meade neighborhood in Fort Myers are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 84.8% of the neighborhoods in America. In addition, 2.4% 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 73.8% 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 Banyan Bay / Belle Meade neighborhood, 53.4% 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 29.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.0%), and 3.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Banyan Bay / Belle Meade neighborhood is English, spoken by 87.0% of households. Some people also speak Langs. of India (2.1%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Banyan Bay / Belle Meade neighborhood in Fort Myers, FL, residents most commonly identify their ethnicity or ancestry as Italian (19.1%). There are also a number of people of German ancestry (15.1%), and residents who report Irish roots (8.1%), and some of the residents are also of English ancestry (7.8%), along with some Russian ancestry residents (7.1%), among others. In addition, 12.2% 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 Banyan Bay / Belle Meade neighborhood spend between 15 and 30 minutes commuting one-way to work (55.4% 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 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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