Why Live in Canal Downtown
The Canal Downtown neighborhood in New Smyrna Beach is a vibrant coastal community situated along the Indian River. This area combines the historic charm of Old Florida with the convenience of a bustling commercial district. The Canal Street Historic District, lined with palm trees, features a variety of eateries and boutique shops, reflecting the neighborhood's recent transformation. Residents enjoy a mix of architectural styles, including Key West-style cottages, Coastal, Dutch Colonial, bungalow, and ranch-style homes. Many homes have been renovated while retaining their original charm. The neighborhood's multi-use zoning allows for a blend of residential and commercial properties, with some homes converted into businesses. Mid-rise condominiums offer multi-family living options with resort-style amenities and river views.
The walkable downtown area is known for its unique, privately-owned restaurants such as Little Griddle and Corkscrew Bar & Grille, as well as specialty shops like Canal Street Chic and New Smyrna Beach Florist. Community events, including Canal Street Nights and art walks, foster a lively cultural scene. Riverside Park serves as a central hub with a pirate-themed playground, fishing pier, and marinas offering boat rentals. Pettis Park provides additional recreational facilities like tennis and pickleball courts.
Chisholm Elementary, a highly rated school, serves younger students in the area. The neighborhood's location offers easy access to the city's public beaches, shopping centers, and major routes like Florida State Road A1A and U.S. Route 1, with Interstate 95 located about 4 miles west.
Frequently Asked Questions
Is Canal Downtown a good place to live?
Canal Downtown is a good place to live. Canal Downtown is considered fairly walkable and bikeable. Canal Downtown is a suburban neighborhood. Canal Downtown has 6 parks for recreational activities. It is fairly sparse in population with 4.5 people per acre and a median age of 56. The average household income is $53,762 which is below the national average. College graduates make up 32.5% of residents. A majority of residents in Canal Downtown are home owners, with 38.8% of residents renting and 61.2% of residents owning their home. A
local real estate agent serving Canal Downtown can help you decide if this neighborhood is the right one for you. Learn more on our
Canal Downtown neighborhood guide.
Is Canal Downtown, FL a safe neighborhood?
Canal Downtown, FL is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Canal Downtown?
The median home price in Canal Downtown is $1,675,000. If you put a 20% down payment of $335,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $8,680 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $372K a year to afford the median home price in Canal Downtown. The average household income in Canal Downtown is $54K.
What are the best public schools in Canal Downtown?
The best public schools that serve Canal Downtown are:
What are the best private schools in Canal Downtown?
The best private schools that serve Canal Downtown are:
What are the most popular zip codes in Canal Downtown, New Smyrna Beach, FL?
What are the most popular neighborhoods near Canal Downtown, New Smyrna Beach, FL?
Home Trends in Canal Downtown, FL
On average, homes in Canal Downtown, New Smyrna Beach sell after 79 days on the market compared to the national average of 70 days. The median sale price for homes in Canal Downtown, New Smyrna Beach over the last 12 months is $1,510,000.
Median Sale Price
$1,510,000
Average Price Per Sq Ft
$706
Number of Homes for Sale
0
Last 12 months Home Sales
2
Median List Price
$1,675,000
Median Change From 1st List Price
10%