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?
Ä¢¹½ÊÓƵ® 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. Ä¢¹½ÊÓƵ 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. Balm has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Balm, where the median household income is $104,347.00.
Occupations and Workforce
Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Balm is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Balm is a town of service providers, sales and office workers, and professionals. There are especially a lot of people living in Balm who work in office and administrative support (8.69%), sales jobs (8.51%), and personal care services (8.19%).
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.76% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 38.09 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 population of Balm overall has a level of education that is slightly above the US average for all US cities and towns of 21.84%. Of adults 25 and older in Balm, 24.21% have at least a bachelor's degree.
The per capita income in Balm in 2022 was $41,257, which is upper middle income relative to Florida and the nation. This equates to an annual income of $165,028 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 24.13% of the town’s residents. Important ancestries of people in Balm include German, Irish, English, Jamaican, and Italian.
Foreign born people are also an important part of Balm's cultural character, accounting for 23.29% of the town’s population.
The most common language spoken in Balm is English. Other important languages spoken here include Spanish and Vietnamese.
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 Ä¢¹½ÊÓƵ's exclusive exploration and analysis.
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 Ä¢¹½ÊÓƵ's analysis revealed that households in the neighborhood have a highly unusual car ownership. Residents of this neighborhood must really love automobiles. Ä¢¹½ÊÓƵ's Analysis reveals that 58.0% of the households here have four, five, or more cars. That is more cars per household than in 99.9% 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 99.4% 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, uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 29 residents per square mile, is less crowded than 93.0% of all U.S. neighborhoods.
Modes of Transportation
While most Americans do drive to work alone each day, the neighborhood stands out by having 90.7% of commuters doing so, which is a higher proportion of people driving alone to work than Ä¢¹½ÊÓƵ found in 97.9% of all American neighborhoods.
People
The neighborhood is unique for having just 6.8% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than Ä¢¹½ÊÓƵ found in 95.8% of America's neighborhoods.
Occupations
It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to Ä¢¹½ÊÓƵ's leading analysis, the neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 3.7% of the workforce so employed, this neighborhood has a greater concentration of such workers than 95.4% of 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 middle-income, making it a moderate income neighborhood. Ä¢¹½ÊÓƵ's exclusive analysis reveals that this neighborhood has a higher income than 53.9% of the neighborhoods in America. With 11.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.4% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the neighborhood, 41.0% 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 32.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.8%), and 6.0% 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 55.2% of households. Other important languages spoken here include English and Italian.
Ethnicity / Ancestry
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 neighborhood in Balm, FL, residents most commonly identify their ethnicity or ancestry as Mexican (49.2%). There are also a number of people of Irish ancestry (4.6%), and residents who report German roots (4.2%), and some of the residents are also of English ancestry (3.8%), along with some Puerto Rican ancestry residents (2.6%), among others. In addition, 20.6% 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 (40.0% of working residents), longer and tougher than most commutes in America.
Here most residents (90.7%) 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.
