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Real Estate Prices & Overview

Suwannee median real estate price is $162,312, which is less expensive than 92.8% of Florida neighborhoods and 85.3% of all U.S. neighborhoods.

The average rental price in Suwannee is currently $1,151, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.9% 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 59.7%. This is higher than the rate of vacancies in 99.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (47.3%). 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 9 residents per square mile, Suwannee is less crowded than 97.2% of all U.S. neighborhoods. 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.

In addition, the Suwannee neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 61.7% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.6% 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, despite all of the residential real estate here in the Suwannee neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 59.7%, which is higher than 99.3% of all U.S. neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Suwannee neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.0% of all American neighborhoods.

People

Divorcees may find friendship and understanding in this neighborhood, as 24.2% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 98.8% of the neighborhoods in America.

In addition, one of the unique characteristics of the Suwannee neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.0% of the neighborhoods in America.

Modes of Transportation

In the Suwannee neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 15.1% of residents here. This is a higher proportion of walking commuters than we found in 97.1% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Suwannee neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have Welsh ancestry.

The Neighbors

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 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 96.0% of U.S. neighborhoods. With 50.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.1% 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 Suwannee neighborhood, 47.3% 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 24.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.6%), and 12.1% in executive, management, and professional 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 Suwannee neighborhood is English, spoken by 93.8% 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 Suwannee neighborhood in Old Town, FL, residents most commonly identify their ethnicity or ancestry as Irish (8.4%). There are also a number of people of English ancestry (7.6%), and residents who report German roots (7.6%), and some of the residents are also of Puerto Rican ancestry (4.1%), along with some Welsh ancestry residents (2.9%), 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 between 15 and 30 minutes commuting one-way to work (56.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.7%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (15.1%) and 7.1% of residents also carpool with coworkers, friends, or neighbors 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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