June 20th, 2011 2:12 PM by Lisa Carey
According to the Urban Land Institute, the U.S. population is projected to grow by 150 million within the next 40 years and “more compact, mixed-use development” is needed to handle the growth and changing demands“The design and development of urban areas will be radically different in the decades ahead,” explained Patrick Phillips, CEO of the Urban Land Institue, to editors at the National Association of Realtors last week. “We are seeing a push to make our cities more livable and sustainable.”One-person households are the fastest-growing type of household, he noted. Also, younger generations, in buyer preference surveys, are placing a higher value on the sense of community and are willing to swap extra space for convenience.An urban renaissance has been taking place with neighborhoods that are near urban centers becoming more desirable, Phillips said.
In Tallahassee, the Midtown area fits the bill. With a variety of homes loaded with character, minutes from downtown, and within walking distance to shopping, dining and health care . . . Midtown offers a great solution. And historically, older homes in this area have held their value better than tract housing in the outer suburbs. Homes in Lafayette Park and Old Town are typically zoned for well-rated Kate Sullivan Elementary, Cobb Middle School and Leon High School. Many student residents also attend highly-regarded Trinity Catholic School - all within walking distance.
And, Tallahassee is a recent recipient of a LivCom Award for sustainability.
If you are intersted in a Midtown Tallahassee home, call me at (850) 212-3083 or email Lisa@CareyCottage.com
Source: “Population Growth to Drive More Compact Housing,” Inman News (June 16, 2011)