504 Balfour Dr, Winter Park
Orange County Real Estate - Winter Park
Winter Park is in East Central Florida. It's population as recorded in the 2010 Census was 27,852. Winter Park is approximately 5 miles from Orlando (population 238,300) and around 21 miles from Deltona (population 85,182).
The median age for residents of Winter Park is 44.3. Around 23.3% of Winter Park households include school aged children and 32.7% of households include individuals aged 65 years or over. Census records indicate 86.9% of the Winter Park population are White, 7.5% are Black or African American, .1% American Indian, 2.3% Asian and 1.8% are Two or more Races.
There are 13,626 housing units in Winter Park. 1,398 (10.2%) of these were reported as vacant in the 2010 Census. There are 4,822 residential rental units in Winter Park. 4,320 of them were occupied in 2010 providing a residential rental vacancy rate of 10%.
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Orange County
Orange County is part of the East Central Florida region along with Brevard, Volusia, Sumter, Seminole, Lake, and Osceola Counties. With a population over 1.1 million, Orange is the fifth most populous county in Florida. Incorporated municipalities include Apopka, Bay Lake, Belle Isle, Edgewood, Lake Buena Vista, Maitland, Ocoee, Orlando, Winter Garden, Winter Park, Eatonville, Oakland, and Windermere.
Orlando is Orange County's largest city and is home to many of the country's most popular theme parks, making tourism the county's primary industry. Other main industries for Orange County are life sciences & health care resources; modeling, simulation & training resources; optics & photonics resources; and clean technology. Orange County's largest private sector employers are Walt Disney World, Adventist Health Systems, Universal Orlando, Orlando Health, and Busch Entertainment Corp. Top public sector employers are Orange County Public Schools, Greater Orlando Aviation Authority, Orange County Government, and The University of Central Florida.
For many in the United States and across the world, Orlando is synonymous with the Walt Disney World Resort. Indeed, Disney produced a study indicating that the resort and businesses associated with it were responsible for an $18 billion economic impact, 2.5% of the GDP of the state of Florida. The Greater Orlando area also hosts the Universal Orlando theme parks, each of which features a Harry Potter-themed section. In addition, numerous tourist attractions exist, mostly catering to a family audience, such as miniature golf courses, arcades, and amusement parks.
Greater Orlando has a business side, too. Orange County is also home to the University of Central Florida, which is the second largest public university in the country at approximately 60,000 students. UCF has a partnership with the Central Florida Research Park, the seventh-largest research park in the country, located next close to the university. Orlando is an important city for the military, including pilot training with its varied flight simulators and production facilities. Madden NFL Football, the most popular video game franchise in the country, is created in Orlando by Electronic Arts.
As its name implies, rural Orange County is a center of citrus production. Much of the land is given over to orange groves. Apopka hosts a Minute Maid juice flavoring plant.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 508 Balfour Dr | Single Family | 1,539 | A |
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| 2609 Aloma Ave | Single Family | 1,846 | A |
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| 512 Balfour Dr | Single Family | 1,809 | A |
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| 2613 Aloma Ave | Single Family | 1,473 | A |
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| 509 Balfour Dr | Single Family | 1,364 | A |
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| 513 Balfour Dr | Single Family | 1,465 | A |
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| 604 Balfour Dr | Single Family | 1,504 | A |
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| 2617 Aloma Ave | Single Family | 1,784 | A |
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| 2606 Aloma Ave | Single Family | 1,457 | A |
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| 2610 Aloma Ave | Single Family | 1,598 | A |
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| 2614 Ambergate Rd | Single Family | 1,312 | A |
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| 2614 Aloma Ave | Vacant Residential | 1,313 | L |
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| 2527 Aloma Av | Store, one story | 12,487 | B |
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| 612 Balfour Dr | Single Family | 1,722 | A |
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| 2550 Aloma Ave | Professional service building | 1,649 | C |
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| 2621 Aloma Ave | Single Family | 1,496 | A |
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| 2612 Ambergate Rd | Single Family | 1,710 | A |
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| 2616 Ambergate Rd | Single Family | 1,427 | A |
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| 2546 Aloma Ave | Professional service building | 2,619 | C |
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| 603 Balfour Dr | Single Family | 1,736 | A |
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| 2618 Aloma Ave | Single Family | 1,426 | A |
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| 2601 Amsden Rd | Single Family | 1,461 | A |
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| 616 Balfour Dr | Single Family | 1,535 | A |
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| 2625 Aloma Ave | Single Family | 1,373 | A |
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| 2618 Ambergate Rd | Single Family | 1,442 | A |
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| 2611 Amsden Rd | Single Family | 1,383 | A |
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| 607 Balfour Dr | Single Family | 2,109 | A |
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| 411 Barclay Dr | Single Family | 1,238 | A |
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| 2615 Amsden Rd | Single Family | 1,643 | A |
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| 611 Balfour Dr | Single Family | 1,391 | A |
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| 401 Balfour Dr | Multi-family - less than 10 units | 2,314 | B |
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| 2629 Aloma Ave | Single Family | 1,307 | A |
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| 2622 Ambergate Rd | Single Family | 1,651 | A |
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Local Household Income
The median household income in this part of Florida is $50,621. The bottom 10% of the population earn less than $15,885 per year. The top 10% earn more than $124,937 per year. The top 1% earn more than $359,543 per year. Most renters earn between $26,136 (20th percentile) and $41,484 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $101,242 and $126,553.
The tax assessed value of this property places it in percentile 68 of all properties in this area. This suggests it would appeal to someone earning around $71,857 per year who should qualify for a mortgage between $143,714 and $179,643.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $970. Most renters earn between $2,178 and $3,457 per month. They typically spend 37.5% of their monthly income on rent. Most rents fall in the $763 (20th percentile) to $1,237 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 68 of all properties in this area. This corresponds to a rent of $1,099 per month and a monthly household income of $3,043 ($36,516 per year)
Nearby Companies
2609 Aloma Ave