Crime rates in Orlando by neighbourhood

14th October, 2015
  • As a vibrant, bustling metropolis and one of the larger, more populated cities in Florida, Orlando suffers from the same problems that plague all big American cities. Crime, in particular, is an obvious consideration for property investors throughout the United States, and Orlando is no exception. While the overall crime rate in Orlando is fairly low, the city does suffer from an above-average rate of property-related crimes, suffering 6,400 incidents per 100,000 people, according to FBI data.

    If thinking about investing in property in Orlando, you need to be aware of how neighbourhood crime rates differ across the city because it can affect major parts of your experience of investing in property. Everything from your buying and selling price and, to the ease of actually managing the property can be affected by the area’s crime rate. 

    Here's a brief overview of some of the neighbourhoods with the highest and lowest crime rates.

    Highest Crime Rates

    As a rule, crime rates will generally be higher the closer to the centre of the city you get. Areas such as Azeala Park and Pershing, for example, both have relatively high crime rates, which can have both its benefits and drawbacks.

    If you're thinking of investing in these or similar areas, the good news is that your may very well be able to find an attractive piece of property at significantly lower price than you would find in surrounding neighbourhoods, which could potentially mean a higher yield from your investment. However, you run the risk of increased issues with management, and may even have to accept higher vacancy rates than an area with lower crime rates.

    However, downtown areas are not the only neighbourhoods in Orlando that observe higher than average crime rates. Indeed, Winter Park has the highest crime rates in Orlando metropolitan area. Technically a suburb of Orlando, Winter Park is near enough that property being listed will still catch the eye of anyone looking to invest in the area. 

    It just goes to show that if you think you've  found a deal that is too good to be true, it's imperative you make sure you take the time and do your research, or you may end up with difficulties that you weren’t expecting.

    Lower Crime Rates

    As you would expect, generally the further you travel from the core of Orlando into the suburbs, the lower crime rates get, although there are certainly plenty of exceptions to this rule. Areas such as Park Central, Wedgewood Groves, and Rosemont North are all neighbourhoods that exhibit lower-than-average crime rates and are seen as very desirable places to own property in Orlando.

    However, there are different benefits and challenges that come with investing in property with lower crime rates. The increased property values that come with lower crime areas mean that investing in property in these areas is a more expensive proposition. And while you will have far less trouble with vacancy or finding a buyer, the home could potentially not increase very much in value of the time you own the property.

    Understanding crime is an important part of understanding your investment. Take the time to learn about the areas you intend to invest in and you will reap the rewards.

    by: Prime Asset Investments

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