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HELLOCONDO BUYER'S BRIEF

Condos in Lake Terrace Orlando, FL

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What to know

  • The Lake Terrace neighborhood features a vibrant community with a diverse populace.
  • The largest demographic group is aged 35 to 39, with incomes reaching up to $67,996.

Market Overview

AVG. DAYS ON MARKET
56
Trending Down38.16% year over year
AVG. SOLD PRICE
$197,500
Trending Down13.66% year over year

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Frequently Asked Questions

What is it like to live in Lake Terrace, Orlando, FL?

Living in Lake Terrace offers a suburban feel with a mix of single-family homes and townhouses. The neighborhood features access to scenic lakes, parks, and recreational activities, making it suitable for families and outdoor enthusiasts. Residents benefit from proximity to local schools, shopping, and dining options.

Is Lake Terrace, Orlando, FL expensive?

Lake Terrace is generally considered an affordable neighborhood in Orlando, with a diverse range of housing options. The cost of living is lower than many surrounding areas, making it appealing for families and individuals seeking budget-friendly options.

What is the weather of Lake Terrace, Orlando, FL?

Lake Terrace experiences a humid subtropical climate characterized by hot, humid summers and mild winters. Average high temperatures in summer exceed 90°F, while winter lows rarely drop below 40°F. Rainfall is abundant, particularly in the summer months with frequent afternoon thunderstorms.

How safe is Lake Terrace, Orlando, FL?

Lake Terrace has a moderate safety profile, with crime rates that are generally in line with the national average for suburban areas. Residents report feeling relatively safe, though it is advisable to remain aware of local crime trends and community updates.