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Real Estate Prices & Overview

Silver Springs West median real estate price is $158,961, which is less expensive than 92.9% of Florida neighborhoods and 86.2% of all U.S. neighborhoods.

The average rental price in Silver Springs West is currently $1,765, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.2% of Florida neighborhoods.

Silver Springs West is a suburban neighborhood (based on population density) located in Ocala, Florida.

Silver Springs West real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Silver Springs West 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.

Home and apartment vacancy rates are 9.1% in Silver Springs West. NeighborhoodScout analysis shows that this rate is lower than 42.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

People

Astoundingly, the Silver Springs West neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 97.1% 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 Ocala neighborhood.

Diversity

Did you know that the Silver Springs West neighborhood has more Portuguese and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have Portuguese ancestry and 8.6% have Puerto Rican 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 Silver Springs West neighborhood in Ocala are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.4% of U.S. neighborhoods. With 14.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.7% 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 Silver Springs West neighborhood, 31.7% 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 24.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.5%), and 20.6% in clerical, assistant, and tech support occupations.

Languages

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 Springs West neighborhood is English, spoken by 80.5% of households. Other important languages spoken here include Spanish and Italian.

Ethnicity / Ancestry

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 Springs West neighborhood in Ocala, FL, residents most commonly identify their ethnicity or ancestry as English (15.5%). There are also a number of people of German ancestry (11.3%), and residents who report Puerto Rican roots (8.6%), and some of the residents are also of Irish ancestry (8.3%), along with some French ancestry residents (6.1%), 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 Silver Springs West neighborhood spend between 15 and 30 minutes commuting one-way to work (37.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (86.2%) 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.


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