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Real Estate Prices & Overview

The Residences / Rollins College median real estate price is $609,628, which is more expensive than 74.6% of the neighborhoods in Florida and 75.3% of the neighborhoods in the U.S.

The average rental price in The Residences / Rollins College is currently $2,905, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.9% of the neighborhoods in Florida.

The Residences / Rollins College is a suburban neighborhood (based on population density) located in Winter Park, Florida.

The Residences / Rollins College 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 renter occupied. Many of the residences in the The Residences / Rollins College neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in The Residences / Rollins College. The current real estate vacancy rate here is 18.7%. This is higher than the rate of vacancies in 85.0% 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 Winter Park, the The Residences / Rollins College neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the The Residences / Rollins College neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the really interesting characteristics about the The Residences / Rollins College neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.1% of college-friendly places to live in the state of Florida. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for young, single professionals.

Also, neighborhoodScout's analysis shows that the The Residences / Rollins College neighborhood has a greater concentration of residents currently enrolled in college than 99.5% of the neighborhoods in the U.S. With 65.9% of the population here attending college, this is very much a college-focused neighborhood.

Modes of Transportation

More people in The Residences / Rollins College choose to walk to work each day (17.1%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the The Residences / Rollins College neighborhood is a fantastic option for bicycle commuters, as 2.6% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.0% of the neighborhoods in America.

Real Estate

One of the really unique and interesting things about the look and setting of the The Residences / Rollins College neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 73.4% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 95.6% of all neighborhoods in America.

Migration / Stability

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. In the The Residences / Rollins College neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the The Residences / Rollins College neighborhood has more Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Eastern European 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 The Residences / Rollins College neighborhood in Winter Park are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.3% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 The Residences / Rollins College neighborhood, 61.0% 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 24.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.2%), and 3.3% in manufacturing and laborer 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 The Residences / Rollins College neighborhood is English, spoken by 80.6% of households. Other important languages spoken here include Spanish and Langs. of India.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the The Residences / Rollins College neighborhood in Winter Park, FL, residents most commonly identify their ethnicity or ancestry as English (7.1%). There are also a number of people of Asian ancestry (7.0%), and residents who report German roots (6.3%), and some of the residents are also of Puerto Rican ancestry (6.1%), along with some Irish 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 The Residences / Rollins College neighborhood spend under 15 minutes commuting one-way to work (49.5% of working residents), one of the shortest commutes across America.

Here most residents (53.1%) 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 (17.1%) and 10.1% 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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