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Real Estate Prices & Overview

Hammock Trace Preserve median real estate price is $194,967, which is less expensive than 81.1% of Florida neighborhoods and 78.5% of all U.S. neighborhoods.

The average rental price in Hammock Trace Preserve is currently $1,936, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.9% of Florida neighborhoods.

Hammock Trace Preserve is a rural neighborhood (based on population density) located in Melbourne, Florida.

Hammock Trace Preserve real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hammock Trace Preserve 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.

Hammock Trace Preserve has a 12.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.4% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (8.4%), 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 98.7% of all neighborhoods in America, with 47.0% 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.

Diversity

Did you know that the Hammock Trace Preserve neighborhood has more Canadian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Canadian ancestry and 1.0% have Lebanese 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 Hammock Trace Preserve neighborhood in Melbourne are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.4% of U.S. neighborhoods. With 28.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.4% of U.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 Hammock Trace Preserve neighborhood, 40.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.6%), and 18.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Hammock Trace Preserve neighborhood is English, spoken by 88.5% of households. Other important languages spoken here include Spanish and Polish.

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 Hammock Trace Preserve neighborhood in Melbourne, FL, residents most commonly identify their ethnicity or ancestry as Irish (12.4%). There are also a number of people of German ancestry (10.9%), and residents who report Italian roots (9.9%), and some of the residents are also of English ancestry (6.8%), along with some Mexican ancestry residents (6.0%), among others.

Getting to Work

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 Hammock Trace Preserve neighborhood spend between 15 and 30 minutes commuting one-way to work (47.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.1%) 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 (6.4%) . 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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