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Real Estate Prices & Overview

Andover Lakes / Waterside Estates median real estate price is $409,485, which is more expensive than 45.9% of the neighborhoods in Florida and 52.9% of the neighborhoods in the U.S.

The average rental price in Andover Lakes / Waterside Estates is currently $2,953, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.5% of the neighborhoods in Florida.

Andover Lakes / Waterside Estates is a rural neighborhood (based on population density) located in Orlando, Florida.

Andover Lakes / Waterside Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Andover Lakes / Waterside Estates neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Andover Lakes / Waterside Estates. The current real estate vacancy rate here is 17.9%. This is higher than the rate of vacancies in 84.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Andover Lakes / Waterside Estates neighborhood. A whopping 79.6% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.2% of the neighborhoods in the U.S. Everything here just feels new.

In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Andover Lakes / Waterside Estates neighborhood could be your paradise. With 24.8% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Andover Lakes / Waterside Estates neighborhood has more single mother households than 96.0% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Diversity

Did you know that the Andover Lakes / Waterside Estates neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.6% of this neighborhood's residents have Puerto Rican ancestry and 11.4% have Dominican ancestry.

Andover Lakes / Waterside Estates is also pretty special linguistically. Significantly, 2.3% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 95.4% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Andover Lakes / Waterside Estates neighborhood in Orlando are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.7% of the neighborhoods in America. In addition, 8.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 54.3% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Andover Lakes / Waterside Estates neighborhood, 47.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 17.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.2%), and 17.1% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Andover Lakes / Waterside Estates neighborhood is English, spoken by 62.4% of households. Other important languages spoken here include Spanish and Vietnamese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Andover Lakes / Waterside Estates neighborhood in Orlando, FL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (31.6%). There are also a number of people of South American ancestry (12.0%), and residents who report Dominican roots (11.4%), and some of the residents are also of German ancestry (5.7%), along with some Irish ancestry residents (5.5%), among others. In addition, 17.5% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Andover Lakes / Waterside Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (52.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (8.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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