Orlando's best neighbourhoods: know before you buy

14th October, 2015
  • There are numerous different factors to consider when attempting to rank the diverse collection of neighbourhoods that make up a city as large and diverse as Orlando. Statistics relating to crime, property values, demographics and much more are collected by official organisations, such as the City of Orlando, and by independent organisations including newspapers and real estate companies.

    Gathering all this data can be a challenge, but is an important part of researching the neighbourhood you are hoping to invest in. To get you started, here are some of the best-ranked areas of Orlando using a selection of the different metrics available:

    Crime

    The crime rate in an area naturally affects many different aspects of your experience as a property investor. A higher crime rate will usually have a strong influence the property values in a neighbourhood, driving them down and making it less of an initial investment on your end to acquire a property. 

    On the other hand, a high crime incidence may lead to increased risks such as property damage or a higher vacancy rate. Paramore, Pershing, and Winter Park are among the neighbourhoods with an above-average crime rate in Orlando.

    In contrast, a neighbourhood with a lower crime rate will probably mean higher property values and a larger initial investment but will be seen as more desirable and most likely see much lower vacancy rates. The areas that typically feature at the bottom of Orlando's crime rankings include Lake Eola Heights, East Central Park, and Wedgewood Groves.

    Property values

    The overall property values of a neighbourhood are obviously tied to the value of the home you purchase, so it’s important to have a strong grasp of which are the most expensive neighbourhoods of Orlando are and which are currently seeing the lowest property values.

    Often, your investment strategy will be tied to whether you want to invest in an expensive are or an inexpensive one. At the top of property value rankings are the most expensive neighbourhoods, such as Florida Center, Windermere and the neighbourhoods surrounding Lake Buena Vista.

    Best neighbourhoods

    While determining which neighbourhoods are the best is somewhat subjective, it is good to take all of the different factors that make a home desirable, such as affordability, crime rates and nearby culture and try to weigh them together.

    This is a necessary process to determine which areas will grow and help increase the value of any property you own. Many different media sources have tried to put together definitive lists about this information, and a quick Google search can yield great results. Some of the neighbourhoods that are frequently at the top of these lists are South Eola District, Thornton Park, and East Central Park.

    Ultimately the type of neighbourhood you end up buying your home in will come down to your budget, investment objective and appetite for risk versus return. Begin your search by deciding which statistics are most important, and then consulting the rankings to determine the areas where you’re most likely to find your perfect investment property.  


    by: Prime Asset Investments

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