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Real Estate Prices & Overview

Palm Isles / Palm Isles West median real estate price is $464,394, which is more expensive than 55.8% of the neighborhoods in Florida and 62.6% of the neighborhoods in the U.S.

The average rental price in Palm Isles / Palm Isles West is currently $4,069, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.9% of the neighborhoods in Florida.

Palm Isles / Palm Isles West is a suburban neighborhood (based on population density) located in Boynton Beach, Florida.

Palm Isles / Palm Isles West real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Palm Isles / Palm Isles West 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.

Palm Isles / Palm Isles West has a 14.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.3% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (13.0%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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 Boynton Beach, the Palm Isles / Palm Isles West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Palm Isles / Palm Isles West neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Palm Isles / Palm Isles West community truly stands out from the rest in this regard.

In addition, for many reasons, Palm Isles / Palm Isles West is rated by NeighborhoodScout as one of the top 1.4% of ideal neighborhoods for first-time home buyers in the state of Florida. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other FL neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Palm Isles / Palm Isles West 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, 87.5% of the residential real estate here was built in this one time period.

In addition, if you love row houses and attached homes, you will probably really like the Palm Isles / Palm Isles West neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 24.9% of the residential real estate here is classified as row houses and attached homes.

Furthermore, owner-occupied real estate dominates the Palm Isles / Palm Isles West neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.3% of neighborhoods in America.

Diversity

Did you know that the Palm Isles / Palm Isles West neighborhood has more Eastern European and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.6% of this neighborhood's residents have Eastern European ancestry and 8.9% have Russian ancestry.

Palm Isles / Palm Isles West is also pretty special linguistically. Significantly, 0.2% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 96.1% 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 Isles / Palm Isles West neighborhood in Boynton Beach are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.2% 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 Palm Isles / Palm Isles West neighborhood, 50.4% 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 27.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.5%), and 10.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Palm Isles / Palm Isles West neighborhood is English, spoken by 84.8% of households. Some people also speak Spanish (8.9%).

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 Isles / Palm Isles West neighborhood in Boynton Beach, FL, residents most commonly identify their ethnicity or ancestry as Russian (8.9%). There are also a number of people of South American ancestry (8.4%), and residents who report Eastern European roots (7.6%), and some of the residents are also of Polish ancestry (7.4%), along with some Italian ancestry residents (6.5%), among others. In addition, 14.7% 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 Isles / Palm Isles West neighborhood spend between 15 and 30 minutes commuting one-way to work (44.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.1%) 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 (9.3%) . 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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