Isle of Palms / Paradise Island median real estate price is $700,758, which is more expensive than 74.7% of the neighborhoods in Florida and 74.8% of the neighborhoods in the U.S.
The average rental price in Isle of Palms / Paradise Island is currently $2,400, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.3% of Florida neighborhoods.
Isle of Palms / Paradise Island is an urban neighborhood (based on population density) located in Treasure Island, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Isle of Palms / Paradise Island 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 single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Isle of Palms / Paradise Island neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Isle of Palms / Paradise Island. The current real estate vacancy rate here is 25.2%. This is higher than the rate of vacancies in 93.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (21.8%). 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.
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 Treasure Island, the Isle of Palms / Paradise Island neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Isle of Palms / Paradise Island 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, Isle of Palms / Paradise Island 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.
Astoundingly, the Isle of Palms / Paradise Island neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.5% 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 Treasure Island neighborhood.
In the Isle of Palms / Paradise Island neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 34.6% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.7% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Did you know that the Isle of Palms / Paradise Island neighborhood has more Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Lithuanian ancestry.
Isle of Palms / Paradise Island is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.8% of the neighborhoods in America.
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 Isle of Palms / Paradise Island neighborhood in Treasure Island are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 62.7% of the neighborhoods in America. With 14.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.4% 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 Isle of Palms / Paradise Island neighborhood, 56.7% 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 30.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.3%), and 6.2% in manufacturing and laborer occupations.
The most common language spoken in the Isle of Palms / Paradise Island neighborhood is English, spoken by 94.1% of households. Some people also speak Polish (2.3%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Isle of Palms / Paradise Island neighborhood in Treasure Island, FL, residents most commonly identify their ethnicity or ancestry as Irish (16.6%). There are also a number of people of German ancestry (16.4%), and residents who report English roots (14.1%), and some of the residents are also of Italian ancestry (12.3%), along with some Polish ancestry residents (5.5%), among others.
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 Isle of Palms / Paradise Island neighborhood spend between 45 minutes and one hour commuting one-way to work (34.8% of working residents), longer and tougher than most commutes in America.
Here most residents (62.1%) 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.