So many people wonder, why are houses so cheap in Lehigh Acres Florida? So in this article, we will explore six detailed reasons on why houses are believed to be so cheap in Lehigh Acres, Florida. Stay put and read it through!
To start with, Lehigh Acres is a small city located in southwest Florida, United States, with a population of approximately 120,000 people as of 2020. It is known for its affordable housing options, with many homes selling for much less than the state and national averages. Below are the reasons behind the cheap real estate market in Lehigh Acres.
Why are houses so cheap in Lehigh Acres Florida?
1. Oversupply of housing
One of the main reasons why houses are so cheap in Lehigh Acres is the oversupply of housing in the area. In the early 2000s, there was a housing boom in the region, and many developers built new homes to meet the growing demand. However, after the economic downturn in 2008, many homeowners found themselves underwater on their mortgages, leading to a high number of foreclosures. As a result, there are now many vacant homes and lots in Lehigh Acres, leading to an oversupply of housing and low prices.
2. Distance from major cities
Another reason why houses are cheap in Lehigh Acres is its distance from major cities like Miami, Fort Lauderdale, and Tampa. While it is only a short drive to popular destinations like Fort Myers and Naples, it is considered too far for many people who prefer to live closer to their workplaces or the big city. This has led to a lack of demand for homes in the area, causing prices to remain low. See more!
3. Lack of amenities
Compared to other cities in Florida, Lehigh Acres is considered somewhat of a “bedroom community.” While there are some shops and restaurants in the area, it lacks the variety and abundance of amenities that can be found in larger cities. For example, there are no major shopping centers or cultural attractions, which may deter people from wanting to live in the area and drive housing prices down.
Also, compared to more developed areas, Lehigh Acres has limited amenities and infrastructure. Normally, the availability and quality of public services, schools, healthcare facilities, and recreational options can influence property values. As such, the absence of certain amenities or a lower level of infrastructure development in Lehigh Acres can contribute to relatively lower housing prices in the region.
4. High crime rates
Lehigh Acres has a relatively high crime rate compared to other cities in Florida, which can make people hesitant to live in the area. According to NeighborhoodScout, the city has a crime rate that is higher than 64% of all US cities. This may discourage potential buyers, which in turn leads to low housing prices.
5. Limited job opportunities
While there are some job opportunities in Lehigh Acres, the city does not offer the same range of options as larger cities like Miami or Tampa. Many residents commute to nearby cities for work, which can make the area less attractive for those looking to settle down. This, in turn, may lead to lower demand for housing and lower prices.
6. Limited transportation options
Finally, Lehigh Acres has limited transportation options, which can make it difficult for residents to get around the area. There is limited public transportation system in the city, and the nearest airport is in Fort Myers, about a 20-minute drive away. This can make it less appealing for people who prefer to live in areas with easy access to transportation.
In addition, Lehigh Acres is situated about 15 miles east of Fort Myers, which is a more established urban center. While this distance offers a more suburban living experience, it can also affect housing prices. Properties in less urbanized areas generally tend to have lower price tags compared to those in more central locations. See more!
In a nutshell, there are several reasons why houses are so cheap in Lehigh Acres, Florida, including an oversupply of housing, distance from major cities, lack of amenities, high crime rates, limited job opportunities, and limited transportation options. While these factors may make the area less attractive to some, they also present an opportunity for those looking for affordable housing options in Florida
Benefits of living in Lehigh Acres Florida
Lehigh Acres is an ideal place to live for those looking for a peaceful and tranquil lifestyle. Below are its major perks:
(a) Affordable housing
Obviously, one of the primary benefits of living in Lehigh Acres is the affordable housing options. Compared to other cities in Florida, Lehigh Acres offers some of the most affordable housing options in the state. This makes it an ideal location for those looking for an affordable place to live, whether it’s for retirement or raising a family.
(b) Natural beauty
Lehigh Acres is home to several natural attractions, including Harns Marsh, STARanch Alpaca Trek, the Caloosahatchee River, Hickey Creek Mitigation Park, and the Lehigh Acres Nature Preserve. These areas offer opportunities for outdoor activities, such as hiking, fishing, and kayaking. The region is also known for its scenic drives, with many people enjoying the beauty of the area on drives along the Tamiami Trail and the Florida Gulf Coast. See more!
(c) Year-round warm weather
Lehigh Acres has a subtropical climate, which means that it experiences warm temperatures year-round. This makes it an ideal location for people who enjoy warm weather and outdoor activities. With an average temperature of around 75 degrees Fahrenheit, residents of Lehigh Acres can enjoy outdoor activities, such as hiking, biking, and water sports, all year round.
(d) Low cost of living
In addition to affordable housing, Lehigh Acres also offers a low cost of living compared to other cities in Florida. This includes lower costs for groceries, and healthcare. This makes it an attractive location for those on a fixed income or those looking to save money.
(e) Quiet and peaceful lifestyle
Lehigh Acres is known for its quiet and peaceful lifestyle, away from the hustle and bustle of larger cities in Florida. The area has a laid-back atmosphere, with many residents enjoying a slower pace of life. This can be particularly attractive for retirees or those looking for a more relaxed lifestyle.
To wrap it up, living in Lehigh Acres, Florida offers some benefits, including affordable housing, natural beauty, year-round warm weather, a low cost of living, and a quiet and peaceful lifestyle. These factors make Lehigh Acres an attractive location for retirees, families, and those looking for an affordable and relaxing place to call home.