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Real Estate Prices & Overview

Placid Lake / Dreamwold median real estate price is $353,764, which is more expensive than 35.9% of the neighborhoods in Florida and 48.7% of the neighborhoods in the U.S.

The average rental price in Placid Lake / Dreamwold is currently $2,505, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.3% of Florida neighborhoods.

Placid Lake / Dreamwold is a suburban neighborhood (based on population density) located in Sanford, Florida.

Placid Lake / Dreamwold 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 Placid Lake / Dreamwold neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Placid Lake / Dreamwold are 5.8%, which is lower than one will find in 61.1% of American neighborhoods. Demand for real estate in Placid Lake / Dreamwold is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

In the Placid Lake / Dreamwold neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 31.8% of commuters carpool here, which is more than in 99.1% of all U.S. neighborhoods.

Diversity

Did you know that the Placid Lake / Dreamwold neighborhood has more Puerto Rican and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.1% of this neighborhood's residents have Puerto Rican ancestry and 3.7% have Cuban 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 Placid Lake / Dreamwold neighborhood in Sanford are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.7% of U.S. neighborhoods. With 35.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.1% 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 Placid Lake / Dreamwold neighborhood, 31.9% 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 clerical, assistant, and tech support occupations, with 25.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.2%), and 20.1% in executive, management, and professional 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 Placid Lake / Dreamwold neighborhood is English, spoken by 65.6% of households. Other important languages spoken here include Spanish and Polish.

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 Placid Lake / Dreamwold neighborhood in Sanford, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (14.1%). There are also a number of people of Irish ancestry (8.1%), and residents who report German roots (8.0%), and some of the residents are also of Mexican ancestry (8.0%), along with some South American ancestry residents (5.7%), among others. In addition, 19.8% 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 Placid Lake / Dreamwold neighborhood spend between 15 and 30 minutes commuting one-way to work (36.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (55.2%) 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 (31.8%) and 5.3% of residents also take the train 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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