Cove Pointe / Cove Terrace median real estate price is $370,108, which is more expensive than 39.4% of the neighborhoods in Florida and 49.3% of the neighborhoods in the U.S.
The average rental price in Cove Pointe / Cove Terrace is currently $2,310, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.3% of Florida neighborhoods.
Cove Pointe / Cove Terrace is a suburban neighborhood (based on population density) located in Panama City, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Cove Pointe / Cove Terrace real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Cove Pointe / Cove Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 8.3% in Cove Pointe / Cove Terrace. NeighborhoodScout analysis shows that this rate is lower than 45.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Cove Pointe / Cove Terrace neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Cove Pointe / Cove Terrace 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.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Cove Pointe / Cove Terrace neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.2% of its workforce, this neighborhood has a greater concentration of government workers than 96.5% of U.S. neighborhoods.
Divorcees may find friendship and understanding in this neighborhood, as 19.6% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.0% of the neighborhoods in America.
Did you know that the Cove Pointe / Cove Terrace neighborhood has more Scottish and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.3% of this neighborhood's residents have Scottish ancestry and 2.4% have British ancestry.
Cove Pointe / Cove Terrace is also pretty special linguistically. Significantly, 1.9% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 96.0% of the neighborhoods in America.
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 Cove Pointe / Cove Terrace neighborhood in Panama City are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.2% of the neighborhoods in America. With 19.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.4% 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 Cove Pointe / Cove Terrace neighborhood, 57.1% 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 17.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.5%), and 14.2% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Cove Pointe / Cove Terrace neighborhood is English, spoken by 94.1% of households. Some people also speak Spanish (2.1%).
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 Cove Pointe / Cove Terrace neighborhood in Panama City, FL, residents most commonly identify their ethnicity or ancestry as German (19.0%). There are also a number of people of English ancestry (18.0%), and residents who report Irish roots (14.3%), and some of the residents are also of Scottish ancestry (7.3%), along with some Mexican ancestry residents (3.8%), among others.
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 Cove Pointe / Cove Terrace neighborhood spend under 15 minutes commuting one-way to work (45.6% of working residents), one of the shortest commutes across America.
Here most residents (80.1%) 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 (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.