Silver Palm median real estate price is $977,360, which is more expensive than 92.5% of the neighborhoods in Florida and 89.5% of the neighborhoods in the U.S.
The average rental price in Silver Palm is currently $2,349, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.1% of Florida neighborhoods.
Silver Palm is a rural neighborhood (based on population density) located in Homestead, Florida.
Silver Palm real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Silver Palm neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In Silver Palm, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 85.8% of all neighborhoods in the U.S. This means that the housing supply in Silver Palm is very tight compared to the demand for property here.
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.
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Silver Palm neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 50.0% of the households here have four, five, or more cars. That is more cars per household than in 99.6% of the neighborhoods in the nation.
NeighborhoodScout's analysis shows that the Silver Palm neighborhood has a greater concentration of residents currently enrolled in college than 96.9% of the neighborhoods in the U.S. With 14.2% of the population here attending college, this is very much a college-focused neighborhood.
Did you know that the Silver Palm neighborhood has more Cuban and Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.6% of this neighborhood's residents have Cuban ancestry and 1.3% have Canadian ancestry.
Silver Palm is also pretty special linguistically. Significantly, 62.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.3% of all U.S. neighborhoods.
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 Silver Palm neighborhood has a greater percentage of residents born in another country (44.1%) than are found in 95.6% of all U.S. neighborhoods.
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 Silver Palm neighborhood in Homestead are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.4% of the neighborhoods in America. With 19.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.3% 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 Silver Palm neighborhood, 32.4% 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 27.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.0%), and 17.4% 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 Silver Palm neighborhood is Spanish, spoken by 62.6% of households. Other important languages spoken here include English and French.
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 Silver Palm neighborhood in Homestead, FL, residents most commonly identify their ethnicity or ancestry as Cuban (25.6%). There are also a number of people of Mexican ancestry (14.5%), and residents who report Puerto Rican roots (5.8%), and some of the residents are also of Sub-Saharan African ancestry (5.4%), along with some German ancestry residents (4.5%), among others. In addition, 44.1% of the residents of this neighborhood were born in another country.
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 Silver Palm neighborhood spend between 15 and 30 minutes commuting one-way to work (29.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (81.6%) 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 (12.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.