Historic district is bounded roughly by McDowell Road from the south side and by Camelback Road from the northern side. This is known as Phoenix’s most heavily trafficked and vital roadway. Historic District is also considered the biggest employment centers of the region with more than 60,000 employees. Majority of the employers in Historic District include government agencies, major law firms, hi-tech organizations, financial institutions and banks.
Historic District intersects a bigger area called Midtown and is a suburban neighborhood. Historic District Phoenix real estate majorly consist of townhomes, large single family homes with four or more bedrooms, and medium sized housing units with two to three bedrooms. Majority of the real estate here is owner occupied, primarily constituting of well-established older homes built somewhere between 1940 and 1969. The median rental cost in Historic District is around $1,961, considerably higher than the other neighborhoods in Phoenix.
The housing units built in this area also include historic and fairly new homes which include warehouse lofts, high rise apartments, duplexes, and complexes in different price ranges. This is still a developing area and thousands of new houses are planned to be built here which will include both affordable and market rate units. It has been projected that by 2020, there will be 17,000 new houses built, and majority of them will be economically priced.
Historic District represents all the architectural styles and uses that are found in the region. Thriving and dilapidated centers, old warehouses, commercial and industrial properties, estates and single family houses, as well as high rise apartments are prevalent in this neighborhood. This is also a home to numerous sporting, performance and cultural events and venues. This makes Historic District, Phoenix an ideal place to start a family in.
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