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Real Estate Prices & Overview

Suwannee median real estate price is $144,774, which is less expensive than 94.6% of Florida neighborhoods and 89.8% of all U.S. neighborhoods.

The average rental price in Suwannee is currently $1,387, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.5% of Florida neighborhoods.

Suwannee is a remote neighborhood (based on population density) located in Old Town, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Suwannee 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 owner occupied. Many of the residences in the Suwannee 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 Suwannee. The current real estate vacancy rate here is 52.6%. This is higher than the rate of vacancies in 99.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (39.1%). 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

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

Unpopulated, and rural, the Suwannee neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 97.2% of the neighborhoods in America. Suwannee is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Suwannee 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. One of the notable things about Suwannee is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

In addition, the Suwannee neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 64.7% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.7% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

Furthermore, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 52.6% of the residential real estate vacant, the Suwannee neighborhood claims the distinction of having a higher vacancy rate than 99.0% 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.

People

Astoundingly, the Suwannee neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.2% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Old Town neighborhood.

Modes of Transportation

More people in Suwannee choose to walk to work each day (15.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Diversity

Did you know that the Suwannee neighborhood has more Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.7% of this neighborhood's residents have Belgian 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 Suwannee neighborhood in Old Town are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.6% of U.S. neighborhoods. With 31.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.6% 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 Suwannee neighborhood, 34.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.4%), and 16.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the Suwannee neighborhood is English, spoken by 99.9% of households. Some people also speak Italian (5.7%).

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 Suwannee neighborhood in Old Town, FL, residents most commonly identify their ethnicity or ancestry as Irish (8.0%). There are also a number of people of German ancestry (6.6%), and residents who report English roots (3.5%), and some of the residents are also of Italian ancestry (2.1%), along with some Belgian ancestry residents (1.7%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Suwannee neighborhood spend under 15 minutes commuting one-way to work (47.8% of working residents), one of the shortest commutes across America.

Here most residents (47.7%) 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 (16.0%) and 15.8% of residents also hop out the door and walk to work 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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