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Real Estate Prices & Overview

Palm Aire Village West / Palm-Aire Village East median real estate price is $440,739, which is more expensive than 51.2% of the neighborhoods in Florida and 58.6% of the neighborhoods in the U.S.

The average rental price in Palm Aire Village West / Palm-Aire Village East is currently $3,364, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.4% of the neighborhoods in Florida.

Palm Aire Village West / Palm-Aire Village East is a suburban neighborhood (based on population density) located in Fort Lauderdale, Florida.

Palm Aire Village West / Palm-Aire Village East 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 Palm Aire Village West / Palm-Aire Village East 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 Palm Aire Village West / Palm-Aire Village East. The current real estate vacancy rate here is 19.6%. This is higher than the rate of vacancies in 86.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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 Fort Lauderdale, the Palm Aire Village West / Palm-Aire Village East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Palm Aire Village West / Palm-Aire Village East stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 85.7% of the residential real estate here was built in this one time period.

Diversity

Did you know that the Palm Aire Village West / Palm-Aire Village East neighborhood has more Brazilian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.7% of this neighborhood's residents have Brazilian ancestry and 19.3% have South American ancestry.

Palm Aire Village West / Palm-Aire Village East is also pretty special linguistically. Significantly, 3.3% 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 98.7% of the neighborhoods in America.

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 Palm Aire Village West / Palm-Aire Village East neighborhood in Fort Lauderdale are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.6% of U.S. neighborhoods. With 17.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.0% 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 Palm Aire Village West / Palm-Aire Village East neighborhood, 41.3% 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 25.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.8%), and 8.3% 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 Palm Aire Village West / Palm-Aire Village East neighborhood is English, spoken by 50.6% of households. Other important languages spoken here include Spanish and Portuguese.

Ethnicity / Ancestry

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 Palm Aire Village West / Palm-Aire Village East neighborhood in Fort Lauderdale, FL, residents most commonly identify their ethnicity or ancestry as South American (19.3%). There are also a number of people of Mexican ancestry (14.1%), and residents who report Italian roots (11.5%), and some of the residents are also of German ancestry (10.0%), along with some Irish ancestry residents (6.9%), among others. In addition, 40.2% of the residents of this neighborhood were born in another country.

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 Palm Aire Village West / Palm-Aire Village East neighborhood spend between 15 and 30 minutes commuting one-way to work (43.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.4%) 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 (12.9%) . 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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