Like any other living thing, a neighborhood has a life cycle. If you grew up in Central Florida, the areas you remember as small towns might now be growing suburbs, and the neighborhoods you remember as desirable may be less so. Here is a look at neighborhoods that are coming onto buyer’s radars for purchases in 2017.
There are many factors that are making Downtown Orlando a better place to live in 2017, and people are starting to take notice. The increased amount of events and nightlife in the entertainment district, surrounding the Amway Center and Church Street make it a great place for millennials who want to be walking distance from work and nightlife. Recent changes to the traffic flow on I-4 have also made it easier for downtown residents to navigate the area without having to deal with long traffic delays.
This one may surprise you, but Coytown is one of the area’s most underrated neighborhoods that is quickly growing a reputation. Rated the 4th best neighborhood in Orlando by local review site Niche, Coytown has affordable housing options and low crime rates. The area falls just west of the Fashion Square Mall and is bordered by East Colonial Drive to the South. When the mall was in its heyday, through the late 1970s and 80s, this area was very popular with young families. While this is a mostly urban area with lots of apartments and condos, shrewd buyers can find classic homes with architectural charm and outdoor space in this area, mostly dating back to the 1940s.
Recently named by the Orlando Business Journal as the number one best neighborhood in Central Florida, this area is found all around Lake Highland Park. Bordered by North Mills Avenue to the East and East Colonial Drive on the South, the neighborhood ends roughly around where Lake Ivanhoe begins along North Orange Avenue. Residents are close to many of the other trendy neighborhoods in Orlando, like Rowena Park and College Park, home to some of the best restaurants and nightlife. But prices in Park Lake and Highland are slightly cheaper than the close by areas that are more well known. Plus, the homes you will find for sale are typically newer construction than those in College Park.
Oviedo is more than a place for university students to crash, and many buyers are starting to realize they can find the perfect blend of urban and rural living here. For young people who want to try their hands at urban farming, homesteading or simply gaining some independence from the traditional supply chain, Oviedo offers affordable homes with enough land attached to keep urban poultry or a large vegetable garden. But residents are far from stranded in the country, with plenty of shopping, dining, and things to do nearby. Home prices do tend to be lower here than in other parts of Seminole County, so first-time buyers can get more for their budget.
If you’re ready to start looking for a home in any Orlando neighborhood, the Core Group can help. Click here to get started by looking through our inventory.