Altamonte Springs is a city in Seminole County, Florida and one of the state's most affluent and enjoyable communities. Altamonte Springs is considered a northern suburb of Orlando and has an estimated population of over 40,000 residents. Because it is counted with the Orlando-Kissimmee areas, Altamonte Springs is part of a metropolitan area, which consists of over two million residents overall. Where does the city name come from? Altamonte is actually a Spanish term meaning "high hill."
Altamonte Springs' total area is about 9.4 miles, with .06 miles made up of water. Of about 40,000 people, there are approximately 18,000 households and 10,000 families living in the city in some 20,000 housing units. The demographical population of the city was largely Caucasian but with growing numbers of Latinos (15.93%), African American (9.72%), Asians (2.94%), and other races and nationalities. There is great mix of lifestyles in Altamonte Springs, with 24.8% of the population having young children and 37.1% of the population married. However, 36.1% of Altamonte Springs residents lived alone while 46.8% of households were non-families. While much of Florida has a reputation for housing older demographics, Altamonte Springs has a younger population, with 37.1% of its residents ages 25 to 44. The city is also an affluent one, with the median income for a household in the city amounting to $41,578. Family income amounted to $49,082 and the poverty line affected only 7.4% of the population.
You may be asking yourself the question, why I should purchase real estate in Altamonte Springs? Like all Florida real estate, Altamonte Springs is a very relaxing and appealing market. Some investors are willing to pay more for Florida properties because they are closer to the beach, seasonally popular and warm almost all year round. Neighbors in Altamonte Springs are friendly and retail stores cater to a higher income level. Rental rates in Florida are predicted to be high, so owners can expect high income from quality tenants. The best seasons for real estate in Altamonte Springs are in the spring and summer months. Real estate investors expect to make a lot of money in peak seasons in order to offset costs of a slow winter.
Altamonte Springs is considered to be the geographic heart of Central Florida, as it is conveniently located. Many drivers in the Orlando area are able to commute at an easier pace thanks to Altamonte Springs. There are also a number of retail attractions, natural attractions and educational institutions. Of course, the best real estate in Altamonte Springs is usually never advertised. The advertisements you usually see online or in print are properties that have not yet sold, perhaps due to exceptionally high prices or because of a questionable location. The best deals in real estate can only be found through a real estate agent or broker firm. If you are interested in Altamonte Springs, Florida then make plans to consult an experienced professional and let them know what you are looking for. You may enjoy Altamonte Springs so much that you set up your own home in its welcoming climate!
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