Sylvan Lake / Alderene Park median real estate price is $421,779, which is more expensive than 88.7% of the neighborhoods in Florida and 83.9% of the neighborhoods in the U.S.
The average rental price in Sylvan Lake / Alderene Park is currently $1,597, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.1% of the neighborhoods in Florida.
Sylvan Lake / Alderene Park is a suburban neighborhood (based on population density) located in Sanford, Florida.
Sylvan Lake / Alderene Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Sylvan Lake / Alderene Park 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 Sylvan Lake / Alderene Park. The current real estate vacancy rate here is 19.3%. This is higher than the rate of vacancies in 84.0% 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.