Lifestyle - March 1, 2018

Millennials and the rise of “Agrihoods”

Growing up in the midst of an economic crisis gives you some perspective as to where to put your money. As millennials who are probably wary of varying investment options, what you need at a time like this is stability. After all, who would want to put hard-earned money into a sketchy investment?

For many, the solution is real estate. There is higher confidence in real estate these days, and millennials are paying attention.

Millennials, who tend to value experiences over material things, are now shunning the golf communities of their parents in favor of agrihoods. Loosely defined by the Urban Land Institute as master-planned housing communities with working farms as their focus.

Agrihoods have ample green space, barns, and outdoor community kitchens. Some boast greenhouses and rows and rows of fruit trees. The homes are typically built to high environmental standards. Also, they have technology like solar panels and composting, internet, electricity, and other creature comforts of the 21st century.

These communities are designed to appeal to young families who want to eat healthily, spend time outdoors, and be part of a community. Besides, all residents have access to communal farms with orchards and workshop space, raised planters, in-ground crops, fruit trees, and a laundry list of seasonal community events. But newly built homes aren’t cheap, ranging from the low $400,000s to more than $5 million.

Lake Nona Golf & Country Club