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From LendEDU

Affordability and return on investment are two key things for any prospective homebuyer to consider, and they are what makes these six cities in Seminole County appealing: Casselberry, Lake Mary, Longwood, Oviedo, Sanford, and Winter Springs.

Most buyers try to find a home in a city where the monthly housing costs, including mortgage payments, are manageable. Also important is finding a community that is growing and desirable so when it’s time to sell, it’s likely going to return a profit from the initial investment.

Unfortunately, finding a city or town that meets both requirements can be tough since many of the trendiest places already have high home prices that reflect their desirability.

However, by using the most up-to-date housing data on over 25,000 U.S. cities, LendEDU compiled a list of the top 1,000 towns and cities that are not only soaring in desirability but are also still affordable for homebuyers that intend on using a mortgage.

The U.S. towns and cities that made the list are projected to grow the most over the next five years. These communities were also ranked according to its average monthly home cost, which factors in mortgage payments.

To be considered for this ranking, a city had to have a minimum population of 15,000. Further, a city had to then rank in the top 1,000 for its five-year population projection percent increase from its current population.

The “Median Monthly Home Cost” statistic for each city includes the monthly mortgage cost plus utilities.

SEMINOLE COUNTY CITY RANKINGS

CASSELBERRY was ranked #241 out of the 1,000 top cities in the nation, and #43 out of the 118 Florida cities that made the list. Specifically, Casselberry is projected to grow by 15.64% over the next five years, and the median monthly home cost in Casselberry is listed at $1,274.

SANFORD was ranked #284 / 1,000 top cities in the nation, and #49 / 118 Florida cities. Sanford is projected to grow by 11.26% in the next five  years, and the median monthly home cost in Sanford is $1,314.

WINTER SPRINGS was ranked #531 / 1,000 top cities in the nation, and #84 / 118 Florida cities. Winter Springs is projected to grow by 13.93% in the next five  years, and the median monthly home cost in Sanford is $1,545.

LONGWOOD was ranked #696 / 1,000 top cities in the nation, and #98 / 118 Florida cities. Longwood is projected to grow by 14.6% in the next five  years, and the median monthly home cost in Longwood is $1,740.

OVIEDO was ranked #726 / 1,000 top cities in the nation, and #104 / 118 Florida cities. Sanford is projected to grow by 23.5% in the next five  years, and the median monthly home cost in Sanford is $1,785.

LAKE MARY was ranked #733 / 1,000 top cities in the nation, and #105 / 118 Florida cities. Sanford is projected to grow by 33.09% in the next five  years, and the median monthly home cost in Sanford is $1.798.

Congratulations to these six great cities of Seminole County for making the top lists! These cities are not only the fastest growing but are also still very affordable for homebuyers, which makes them terrific locations to purchase a home, start a family, and eventually turn a profit when it’s time to sell. For the full report click here.

All data was licensed by LendEDU from Greatdata.com. GreatData’s data mainly derives from the U.S. Census Bureau. For data points like “Median Monthly Home Cost,” the data comes from the most recent U.S. Census Bureau update but GreatData also calculates and combines its own projections based on historical trends to provide the most up-to-date data. The “5-Year Population Projection Percent Increase From Current Population” figure comes from finding the percent increase from each city’s current population to its projected population in five years. 

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