Lakes Of Delray / Floral Lakes median real estate price is $317,707, which is less expensive than 70.2% of Florida neighborhoods and 61.1% of all U.S. neighborhoods.
The average rental price in Lakes Of Delray / Floral Lakes is currently $3,288, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.2% of the neighborhoods in Florida.
Lakes Of Delray / Floral Lakes is a suburban neighborhood (based on population density) located in Delray Beach, Florida.
Lakes Of Delray / Floral Lakes real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Lakes Of Delray / Floral Lakes 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.
Vacant apartments or homes are a major fact of life in Lakes Of Delray / Floral Lakes. The current real estate vacancy rate here is 18.8%. This is higher than the rate of vacancies in 86.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (10.2%). 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.
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.
Of note is NeighborhoodScout's research finding that the Lakes Of Delray / Floral Lakes neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Lakes Of Delray / Floral Lakes community truly stands out from the rest in this regard.
In addition, divorcees may find friendship and understanding in this neighborhood, as 23.3% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 98.5% of the neighborhoods in America.
Also, if you're nearing retirement age, or in retirement, the Lakes Of Delray / Floral Lakes is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.0% of retiree-friendly neighborhoods in Florida, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Florida.
The Lakes Of Delray / Floral Lakes neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 91.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
While most Americans do drive to work alone each day, the Lakes Of Delray / Floral Lakes neighborhood stands out by having 87.2% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 95.0% of all American neighborhoods.
Did you know that the Lakes Of Delray / Floral Lakes neighborhood has more Russian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.2% of this neighborhood's residents have Russian ancestry and 4.1% have Eastern European ancestry.
Lakes Of Delray / Floral Lakes is also pretty special linguistically. Significantly, 7.4% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 96.4% 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 Lakes Of Delray / Floral Lakes neighborhood in Delray Beach are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.7% 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.
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 Lakes Of Delray / Floral Lakes neighborhood, 51.1% 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 19.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.0%), and 10.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Lakes Of Delray / Floral Lakes neighborhood is English, spoken by 87.8% of households. Other important languages spoken here include Italian and Spanish.
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 Lakes Of Delray / Floral Lakes neighborhood in Delray Beach, FL, residents most commonly identify their ethnicity or ancestry as Italian (15.4%). There are also a number of people of Polish ancestry (10.3%), and residents who report Russian roots (10.2%), and some of the residents are also of Irish ancestry (6.4%), along with some Eastern European ancestry residents (4.1%), among others. In addition, 13.0% of the residents of this neighborhood were born in another country.
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 Lakes Of Delray / Floral Lakes neighborhood spend between 15 and 30 minutes commuting one-way to work (52.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (87.2%) 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.