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Real Estate Prices & Overview

Median real estate price in the City Center of Inverness is $172,884, which is less expensive than 91.6% of Florida neighborhoods and 83.9% of all U.S. neighborhoods.

The average rental price in Inverness City Center is currently $1,629, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.4% of Florida neighborhoods.

Inverness City Center is a suburban neighborhood (based on population density) located in Inverness, Florida.

Real estate in the City Center of Inverness, FL 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 owner occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Inverness City Center has a 12.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.2% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (7.1%), 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

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.

People

In a nation where 1 out of every 4 children lives in poverty, the Inverness City Center neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, astoundingly, the City Center neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.2% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Inverness neighborhood.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Inverness City Center neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.4% of all American neighborhoods.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Inverness City Center stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 87.2% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Inverness City Center neighborhood has more Brazilian and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.0% of this neighborhood's residents have Brazilian ancestry and 3.1% have Welsh 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 City Center neighborhood in Inverness are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.7% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 Inverness City Center neighborhood, 50.4% 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 manufacturing and laborer occupations, with 18.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.5%), and 14.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Inverness City Center neighborhood is English, spoken by 89.7% of households. Some people also speak Polish (4.0%).

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 City Center neighborhood in Inverness, FL, residents most commonly identify their ethnicity or ancestry as Italian (13.9%). There are also a number of people of German ancestry (10.5%), and residents who report English roots (10.5%), and some of the residents are also of Irish ancestry (8.3%), along with some Asian ancestry residents (5.2%), 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 Inverness City Center neighborhood spend under 15 minutes commuting one-way to work (57.0% of working residents), one of the shortest commutes across America.

Here most residents (72.9%) 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 (11.5%) . 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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