Exploring Thornton’s Eastlake Neighborhood

If you’re looking for an older, established neighborhood in the Thornton area, Eastlake should be on your list of contenders. This quaint area is known for its historic town center and beautiful location on East Lake. While there’s much to keep residents happy in the neighborhood, Eastlake also offers easy access to other parts of the city, thanks to the recently-opened light rail stop in the heart of the community.

What’s available in Eastlake?

Here residents find a good mix of housing options. Because Eastlake is blocked from growing by other development, there’s little new construction. Most of the single-family homes were built between 1970 and 2000. Some newer patio homes have also been thrown into the mix.

The average home price is $500,000, and homes typically sell in less than a month. Unfortunately for buyers, there’s not a lot of turnover. But once you’re an owner in this coveted area, people tend to settle in and stay.

According to neighborhoodscout.com, real estate vacancies in Eastlake are 4.2%, which is lower than 74.3% of American neighborhoods. Demand for real estate in Eastlake is above average for the U.S. and may signal some demand for either price increases or new construction of residential product for this neighborhood.

If you’re thinking of renting, this might be the spot for you as well. Neighborhoodscout.com says this area has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. In fact, 70.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.1% of American neighborhoods.

Family friendly

The Eastlake neighborhood appeals to families who want to be able to walk their kids to the nearby neighborhood schools. The purchase price point also draws young couples looking for starter homes.

With diverse housing options, neighbors, and things to do, Eastlake is certainly worth checking out.

Contact Metrowest today – we’d love to show you around!