This is a small community in a single neighborhood.
As throughout the site, some neighborhood-level data are reserved for subscribers.
What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Balm is a somewhat small town located in the state of Florida. With a population of 6,541 people and just one neighborhood, Balm is the 256th largest community in Florida. There's nothing like the smell of a brand new house, and in Balm, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Balm, and putting down their money on brand new construction. Balm’s real estate is, on average, some of the newest in the nation. Balm does seem to be experiencing an influx of affluent people, because the median household income is $102,162.00.
Occupations and Workforce
Balm is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Balm is a town of sales and office workers, service providers, and professionals. There are especially a lot of people living in Balm who work in office and administrative support (14.43%), sales jobs (13.23%), and healthcare (8.44%).
Also of interest is that Balm has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 10.41% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
Because of many things, Balm is a great place for families with children to consider. First of all, many other families with children live here, making Balm a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Balm has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Balm’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Balm, however, is that residents on average have to contend with a long commute, spending on average 35.83 minutes every day commuting to work.
As is often the case in a small town, Balm doesn't have a public transportation system that people use for their commute.
Demographics
The overall education level of Balm is somewhat higher than in the average US city of 21.84%: 26.02% of adults 25 and older in the town have at least a bachelor's degree.
The per capita income in Balm in 2022 was $33,489, which is middle income relative to Florida and the nation. This equates to an annual income of $133,956 for a family of four.
Balm is an extremely ethnically-diverse town. The people who call Balm home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Balm residents report their race to be White, followed by Black or African-American. Balm also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 28.28% of the town’s residents. Important ancestries of people in Balm include German, Jamaican, English, Irish, and Italian.
In addition, Balm has a lot of people living here who were born outside of the US (16.29%).
The most common language spoken in Balm is English. Other important languages spoken here include Spanish and Vietnamese.
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 Balm, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 54.3% of the households here have four, five, or more cars. That is more cars per household than in 99.8% of the neighborhoods in the nation.
Real Estate
The neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 56.4% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.5% 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.
In addition, unpopulated, and rural, the neighborhood is one of the least crowded neighborhoods in all of America. If you like open space, no traffic, and lots of room, this neighborhood may be just what you are looking for. According to NeighborhoodScout's leading research, this neighborhood is less densely populated than 93.0% of the neighborhoods in America.
Modes of Transportation
Our research reveals that 90.1% of commuters who live in the neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 96.5% of U.S. neighborhoods.
People
NeighborhoodScout's exclusive research revealed that 92.9% of the adult residents in the neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.1% of the neighborhoods in America.
Diversity
Did you know that the neighborhood has more Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Lithuanian ancestry.
is also pretty special linguistically. Significantly, 56.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.1% of all U.S. neighborhoods.
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 neighborhood in Balm are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 62.0% of the neighborhoods in America. In addition, 7.5% 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 57.2% 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 neighborhood, 40.9% of the working population is employed in manufacturing and laborer 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 32.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.9%), and 7.5% 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 neighborhood is Spanish, spoken by 56.7% of households. Other important languages spoken here include English 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 neighborhood in Balm, FL, residents most commonly identify their ethnicity or ancestry as Mexican (49.4%). There are also a number of people of Irish ancestry (5.9%), and residents who report English roots (5.7%), and some of the residents are also of German ancestry (4.5%), along with some Puerto Rican ancestry residents (2.8%), among others. In addition, 20.7% of the residents of this neighborhood were born in another country.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 45 minutes and one hour commuting one-way to work (44.1% of working residents), longer and tougher than most commutes in America.
Here most residents (90.1%) 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
