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Real Estate Prices & Overview

Pine Creek / Florida Institute of Technology median real estate price is $398,142, which is more expensive than 45.3% of the neighborhoods in Florida and 51.9% of the neighborhoods in the U.S.

The average rental price in Pine Creek / Florida Institute of Technology is currently $2,270, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.0% of Florida neighborhoods.

Pine Creek / Florida Institute of Technology is a suburban neighborhood (based on population density) located in Melbourne, Florida.

Pine Creek / Florida Institute of Technology real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Pine Creek / Florida Institute of Technology neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 6.3% in Pine Creek / Florida Institute of Technology. NeighborhoodScout analysis shows that this rate is lower than 55.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 Melbourne, the Pine Creek / Florida Institute of Technology neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

An extraordinary 28.7% of the residents of the Pine Creek / Florida Institute of Technology neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Modes of Transportation

In the Pine Creek / Florida Institute of Technology neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 11.5% of residents here. This is a higher proportion of walking commuters than we found in 95.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Pine Creek / Florida Institute of Technology neighborhood has more Jamaican and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Jamaican ancestry and 1.2% have Lebanese ancestry.

The Neighbors

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 Pine Creek / Florida Institute of Technology neighborhood in Melbourne are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.4% of the neighborhoods in America. With 11.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.8% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Pine Creek / Florida Institute of Technology neighborhood, 46.3% 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 23.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.3%), and 7.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Pine Creek / Florida Institute of Technology neighborhood is English, spoken by 88.2% of households. Some people also speak Spanish (7.0%).

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 Pine Creek / Florida Institute of Technology neighborhood in Melbourne, FL, residents most commonly identify their ethnicity or ancestry as German (15.3%). There are also a number of people of Irish ancestry (11.9%), and residents who report English roots (10.6%), and some of the residents are also of Italian ancestry (7.6%), along with some Puerto Rican ancestry residents (5.3%), among others. In addition, 14.1% 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 Pine Creek / Florida Institute of Technology neighborhood spend under 15 minutes commuting one-way to work (39.7% of working residents), one of the shortest commutes across America.

Here most residents (63.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (11.5%) and 10.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. 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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