Panacoochee Retreats median real estate price is $169,046, which is less expensive than 91.9% of Florida neighborhoods and 84.5% of all U.S. neighborhoods.
The average rental price in Panacoochee Retreats is currently $1,508, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.7% of Florida neighborhoods.
Panacoochee Retreats is a rural neighborhood (based on population density) located in Lake Panasoffkee, Florida.
Panacoochee Retreats real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Panacoochee Retreats 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 Panacoochee Retreats. The current real estate vacancy rate here is 22.0%. This is higher than the rate of vacancies in 89.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (14.3%). 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 Lake Panasoffkee, the Panacoochee Retreats neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The real estate in this neighborhood consists of more mobile homes than 96.7% of all neighborhoods in America, with 35.1% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
Of note, 57.5% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Panacoochee Retreats neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.3% of its workforce, this neighborhood has a greater concentration of government workers than 95.7% of U.S. neighborhoods.
Did you know that the Panacoochee Retreats neighborhood has more Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.8% of this neighborhood's residents have Portuguese ancestry.
Panacoochee Retreats is also pretty special linguistically. Significantly, 1.6% 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 96.8% of the neighborhoods in America.
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 Panacoochee Retreats neighborhood in Lake Panasoffkee are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.5% of U.S. neighborhoods. With 57.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.3% 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 Panacoochee Retreats neighborhood, 35.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.7%), and 14.0% in clerical, assistant, and tech support occupations.
The most common language spoken in the Panacoochee Retreats neighborhood is English, spoken by 96.6% of households.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Panacoochee Retreats neighborhood in Lake Panasoffkee, FL, residents most commonly identify their ethnicity or ancestry as Irish (17.2%). There are also a number of people of German ancestry (12.2%), and residents who report English roots (11.3%), and some of the residents are also of Mexican ancestry (5.5%), along with some Italian ancestry residents (5.4%), 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 Panacoochee Retreats neighborhood spend between 15 and 30 minutes commuting one-way to work (43.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (78.1%) 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 (14.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.