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Real Estate Prices & Overview

Ponce de Leon / Northwest Homestead median real estate price is $626,811, which is more expensive than 78.7% of the neighborhoods in Florida and 75.8% of the neighborhoods in the U.S.

The average rental price in Ponce de Leon / Northwest Homestead is currently $2,467, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.0% of Florida neighborhoods.

Ponce de Leon / Northwest Homestead is an urban neighborhood (based on population density) located in Homestead, Florida.

Ponce de Leon / Northwest Homestead real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Ponce de Leon / Northwest Homestead neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Ponce de Leon / Northwest Homestead has a 10.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Ponce de Leon / Northwest Homestead neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 29.7% of the workforce so employed, this neighborhood has a greater concentration of such workers than 99.9% of U.S. neighborhoods.

People

One of the unique characteristics of the Ponce de Leon / Northwest Homestead neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.2% of the neighborhoods in America. Also of note, 81.7% 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.

In addition, the Ponce de Leon / Northwest Homestead neighborhood is unique for having just 4.0% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.1% of America's neighborhoods.

Modes of Transportation

In the Ponce de Leon / Northwest Homestead neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 26.9% of commuters carpool here, which is more than in 97.7% of all U.S. neighborhoods.

Real Estate

If you love row houses and attached homes, you will probably really like the Ponce de Leon / Northwest Homestead neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 32.0% of the residential real estate here is classified as row houses and attached homes.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Ponce de Leon / Northwest Homestead neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 9.6% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.2% of all neighborhoods in America.

Diversity

Did you know that the Ponce de Leon / Northwest Homestead neighborhood has more Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.7% of this neighborhood's residents have Cuban ancestry.

Ponce de Leon / Northwest Homestead is also pretty special linguistically. Significantly, 86.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.3% of all U.S. neighborhoods.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Ponce de Leon / Northwest Homestead neighborhood has a greater percentage of residents born in another country (51.3%) than are found in 97.7% of all U.S. neighborhoods.

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 Ponce de Leon / Northwest Homestead neighborhood in Homestead are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.2% of U.S. neighborhoods. With 81.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.4% 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 Ponce de Leon / Northwest Homestead neighborhood, 29.7% of the working population is employed in farming, forestry, or commercial fishing. 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 23.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.9%), and 16.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the Ponce de Leon / Northwest Homestead neighborhood is Spanish, spoken by 86.2% of households. Some people also speak English (13.8%).

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 Ponce de Leon / Northwest Homestead neighborhood in Homestead, FL, residents most commonly identify their ethnicity or ancestry as Mexican (20.1%). There are also a number of people of Cuban ancestry (9.7%), and residents who report Puerto Rican roots (5.3%), and some of the residents are also of South American ancestry (3.1%). In addition, 51.3% 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 Ponce de Leon / Northwest Homestead neighborhood spend between 15 and 30 minutes commuting one-way to work (43.7% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (9.6%) who commute over an hour in each direction.

Here most residents (67.2%) 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 (26.9%) . 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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