Housing in Bay Hill, FL is more expensive than the average of the rest of the country. On average, a family home that can accommodate up to five people goes for $442,000. The average mortgage that residents of this area pay is $1,021. If you choose to rent out an apartment instead, you should expect to pay anywhere between $1800 and $2500 per month.
The housing market looks promising, as homes have appreciated up to 15% in the past year. If you are looking to buy a house, now would be the best time.
Cost of Living
Because of the proximity of Bay Hill to Walt Disney World as well as many other amenities, the cost of living in this part of Florida is as high as 33% more than the average cost of living in the rest of the nation.
What makes up for this high cost of living is transportation, goods, and services, high-end utilities, housing, health care, and groceries. The cost of living has also been greatly influenced by the 50 million tourists that visit Florida annually. To be able to live comfortably in Bay Hill, as a homeowner, you would need to earn an average of $8000 per month. If you choose to rent out an apartment, your average income should be $7800 per month.
Local Attractions to Suit Your Fancy
It would never be boring living in Bay Hill due to the sheer number of attractions that dominate the area. As a result of Walt Disney World opening in 1971, there has been a steady increase in the number of tourists that come to the area each year. What’s more, following the wake of this world famous tourist attraction, other entertainment establishments have been built in nearby areas.
Residents and tourists alike can enjoy breathtaking, relaxing or stimulating activities for families and individuals alike. If you enjoy theme parks, then you can have fun at Disney World, Wizarding World of Harry Potter, SeaWorld, or even Universal Studios. If you are more of the outdoors adventurous type, then you can have fun kayaking, hiking, camping, fishing and bird watching.
If you would love to have your residence in an area that is close to social amenities, is vibrant, and has a rich and diverse culture base then Bay Hill FL is the right place for you.