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Real Estate Prices & Overview

Palm Beach Lakes South median real estate price is $508,942, which is more expensive than 62.3% of the neighborhoods in Florida and 67.1% of the neighborhoods in the U.S.

The average rental price in Palm Beach Lakes South is currently $3,080, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.8% of the neighborhoods in Florida.

Palm Beach Lakes South is an urban neighborhood (based on population density) located in West Palm Beach, Florida.

Palm Beach Lakes South 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 occupied by a mixture of owners and renters. Many of the residences in the Palm Beach Lakes South 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.

Home and apartment vacancy rates are 7.8% in Palm Beach Lakes South. NeighborhoodScout analysis shows that this rate is lower than 49.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Diversity

Did you know that the Palm Beach Lakes South neighborhood has more Haitian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.4% of this neighborhood's residents have Haitian ancestry and 16.4% have Jamaican ancestry.

Palm Beach Lakes South is also pretty special linguistically. Significantly, 19.1% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

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 Palm Beach Lakes South neighborhood in West Palm Beach are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.4% of U.S. neighborhoods. With 13.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.5% 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 Palm Beach Lakes South neighborhood, 27.5% 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 executive, management, and professional occupations, with 27.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (27.2%), and 17.2% 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 Palm Beach Lakes South neighborhood is English, spoken by 65.1% of households. Other important languages spoken here include French and Spanish.

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 Palm Beach Lakes South neighborhood in West Palm Beach, FL, residents most commonly identify their ethnicity or ancestry as Haitian (24.4%). There are also a number of people of Jamaican ancestry (16.4%), and residents who report Puerto Rican roots (5.3%), and some of the residents are also of German ancestry (4.6%), along with some Irish ancestry residents (4.4%), among others. In addition, 35.4% 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 Palm Beach Lakes South neighborhood spend between 15 and 30 minutes commuting one-way to work (42.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.3%) 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 (8.3%) and 5.9% of residents also hop out the door and walk to work 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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