Pine Creek / Florida Institute of Technology median real estate price is $426,473, which is more expensive than 49.4% of the neighborhoods in Florida and 56.1% of the neighborhoods in the U.S.
The average rental price in Pine Creek / Florida Institute of Technology is currently $2,141, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.9% 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 7.5% in Pine Creek / Florida Institute of Technology. NeighborhoodScout analysis shows that this rate is lower than 49.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
An extraordinary 27.0% 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.
Did you know that the Pine Creek / Florida Institute of Technology neighborhood has more Lebanese and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Lebanese ancestry and 3.5% have Jamaican ancestry.
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 41.2% of the neighborhoods in America. With 10.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.1% 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 Pine Creek / Florida Institute of Technology neighborhood, 48.9% 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 22.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.8%), and 9.9% in manufacturing and laborer occupations.
The most common language spoken in the Pine Creek / Florida Institute of Technology neighborhood is English, spoken by 88.4% of households. Some people also speak Spanish (7.4%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Pine Creek / Florida Institute of Technology neighborhood in Melbourne, FL, residents most commonly identify their ethnicity or ancestry as German (15.5%). There are also a number of people of Irish ancestry (14.5%), and residents who report English roots (12.6%), and some of the residents are also of Italian ancestry (7.7%), along with some Puerto Rican ancestry residents (6.3%), among others. In addition, 13.3% 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 Pine Creek / Florida Institute of Technology neighborhood spend under 15 minutes commuting one-way to work (42.6% of working residents), one of the shortest commutes across America.
Here most residents (68.3%) 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 (10.5%) and 6.1% 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.