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Real Estate Prices & Overview

Buccaneer Bay median real estate price is $599,560, which is more expensive than 72.6% of the neighborhoods in Florida and 73.9% of the neighborhoods in the U.S.

The average rental price in Buccaneer Bay is currently $2,849, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.1% of Florida neighborhoods.

Buccaneer Bay is a suburban neighborhood (based on population density) located in Sarasota, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Buccaneer Bay 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 Buccaneer Bay 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 Buccaneer Bay. The current real estate vacancy rate here is 50.5%. This is higher than the rate of vacancies in 98.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (45.6%). 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.

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.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Buccaneer Bay neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Buccaneer Bay 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 50.5% of the residential real estate vacant, the Buccaneer Bay neighborhood claims the distinction of having a higher vacancy rate than 98.7% 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.

Furthermore, the real estate in this neighborhood consists of more mobile homes than 96.6% of all neighborhoods in America, with 34.7% 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.

People

The Buccaneer Bay neighborhood has a greater percentage of children living in poverty (70.8%) than found in 98.6% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Buccaneer Bay neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.8% of all American neighborhoods.

Diversity

Did you know that the Buccaneer Bay neighborhood has more Lebanese and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have Lebanese ancestry and 3.8% have British ancestry.

Buccaneer Bay is also pretty special linguistically. Significantly, 2.5% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.

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 Buccaneer Bay neighborhood in Sarasota are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 51.4% of the neighborhoods in America. With 70.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.6% 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 Buccaneer Bay neighborhood, 45.1% 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 40.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (8.9%), and 5.5% in government jobs, whether they are in local, state, or federal positions.

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 Buccaneer Bay neighborhood is English, spoken by 81.4% of households. Other important languages spoken here include Spanish, Italian and Arabic.

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 Buccaneer Bay neighborhood in Sarasota, FL, residents most commonly identify their ethnicity or ancestry as Irish (12.3%). There are also a number of people of English ancestry (11.4%), and residents who report German roots (8.1%), and some of the residents are also of Italian ancestry (5.5%), along with some British ancestry residents (3.8%), among others. In addition, 15.9% of the residents of this neighborhood were born in another country.

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 Buccaneer Bay neighborhood spend under 15 minutes commuting one-way to work (44.6% of working residents), one of the shortest commutes across America.

Here most residents (70.7%) 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 (8.1%) . 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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