Learn more about Lake Magdalene, FL Homes for Sale. Are you looking for a comfortable home in warm and sunny Florida? Take a moment to consider Lake Magdalene. This place has been census designated in Hillsborough County, Florida. It covers a wide area thirty square kilometres, although a total of 2.98 square kilometers are made up of water. This is an area that is bordered by Lake Magdalene, and it has a population that has continued to grow for the last twenty years.
Purchasing a home in this area will give you a great return on investment, whether you are seeking a return in the short term or the long. It is currently a sellers’ market, with the prices for homes for sale increasing in excess of 50% in the brief period of year. However, this does not mean that there are a large number of homes available on the market. Demand is also high, and the homes available for purchase have fallen by 31.3%.
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The homes in Lake Magdalene target the middle class community, as the medium income for a household is over $43,000 each year. Homes here range in value from below $58,000 going all the way above $533,000. The average price of a home in Lake Magdalene comes to $277,450. As families are the primary target for this area, most homes are three or four bed roomed. There are apartments as well which are available as studios or with up to two bedrooms targeted at young professionals.
Lake Magdalene, FL Home Buying Information
- First Time Home Buyers – Are you a first home time buyer in Lake Magdalene Florida? There are many new loan programs out there, if you have a little money there are programs out there for you! A new conventional loan program out that offer 3% down. Get more information about First Time Home Buyers Program in Lake Magdalene.
- VA Loan Programs for Veterans – This is an awesome program for Veterans, the VA guaranteed a loan to honorable discharged Veterans. First step is to go to the nearest Lake Magdalene Veteran Affair office to get a certificate. To see if you qualify for a VA home loan, fill out the form and receive a call from one of our preferred VA mortgage lenders.
- Lake Magdalene FL Foreclosure Properties – If you are investor or just interested in buying Lake Magdalene foreclosure homes for sale or Lake Magdalene real estate for sale at below market value? Use my search page Lake Magdalene Foreclosure homes to find out more.
Getting Around Lake Magdalene, Florida
The residential real estate market targets those who are slightly affluent, and most of them move around using their personal cars. Due to the distance from the homes to the commercial areas, this is necessary and worth considering when you want to purchase your home. It is possible to walk from one place to another, though this would be more for exercise than for functionality.
This is an area that is culturally diverse considering the racial makeup of the residents. Most of the population is white coming in at 86%, followed by a range of people who have a Hispanic background and they make up 13% of the population. The next group is African Americans who are 6% of the residents.
It is an excellent place to bring up a family as close to 50% of the population are married couples who are still living with each other.
Lake Magdalene Educational Facilities
When you are evaluating the real estate market in any area, the educational facilities will be important to you, especially if you are searching for a home for sale to raise your family. There are excellent public and private schools available in Lake Magdalene. The area is served through Hillsborough County Public Schools, of which there are a total of five schools.
There are two other schools that have magnet programs which open up to residents of Lake Magdalene. They are Hillsborough High School and Walker Middle Magnet School. Quality education is an important part of the lifestyle in Lake Magdalene.
This is an excellent place to find a home for sale, particularly if you are looking for a short term return that has amazing value. The houses for sale continue to grow in value at a tremendous pace, and the market has far more buyers than there are sellers. This is a recipe for success in investment. In addition, if you purchase a home so that you can reside in this area, you will have found a place that is excellent for your family. With excellent public amenities, and increasing development in the area, opportunities continue to have room for growth in Lake Magdalene.[/showhide]