601s Phelps Ave, 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 | |
|---|---|---|---|---|
| 533s Phelps Ave | Single Family | 1,776 | B |
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| 609s Phelps Ave | Single Family | 2,048 | B |
|
| 600 Balmoral Rd | Single Family | 2,053 | C |
|
| 608 Balmoral Rd | Single Family | 2,380 | B |
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| 534 Balmoral Rd | Single Family | 3,677 | B |
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| 600s Phelps Ave | Single Family | 2,334 | B |
|
| 527s Phelps Ave | Single Family | 1,767 | B |
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| 534s Phelps Ave | Single Family | 1,679 | B |
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| 617s Phelps Ave | Single Family | 2,172 | B |
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| 608s Phelps Ave | Single Family | 2,737 | B |
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| 616 Balmoral Rd | Single Family | 2,155 | B |
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| 528 Balmoral Rd | Single Family | 2,256 | B |
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| 528s Phelps Ave | Single Family | 1,933 | B |
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| 625s Phelps Ave | Single Family | 2,208 | B |
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| 521s Phelps Ave | Single Family | 1,916 | B |
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| 624 Balmoral Rd | Single Family | 2,575 | B |
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| 601 Balmoral Rd | Single Family | 2,295 | B |
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| 601 Langholm Dr | Single Family | 1,820 | B |
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| 522 Balmoral Rd | Single Family | 3,228 | B |
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| 609 Langholm Dr | Single Family | 2,156 | B |
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| 609 Balmoral Rd | Single Family | 3,994 | B |
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| 533 Balmoral Rd | Single Family | 2,286 | B |
|
| 533 Langholm Dr | Single Family | 1,321 | B |
|
| 640 Balmoral Rd | Single Family | 3,068 | B |
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| 522s Phelps Ave | Vacant Residential | 1,793 | L |
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| 617 Langholm Dr | Single Family | 2,138 | B |
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| 617 Balmoral Rd | Single Family | 3,312 | B |
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| 527 Langholm Dr | Single Family | 3,339 | C |
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| 527 Balmoral Rd | Single Family | 2,396 | B |
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| 648 Balmoral Rd | Single Family | 2,711 | B |
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Local Household Income
The median household income in this part of Florida is $76,037. The bottom 10% of the population earn less than $19,985 per year. The top 10% earn more than $248,864 per year. The top 1% earn more than $637,787 per year. Most renters earn between $31,392 (20th percentile) and $59,148 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $152,074 and $190,093.
The tax assessed value of this property places it in percentile 83 of all properties in this area. This suggests it would appeal to someone earning around $173,802 per year who should qualify for a mortgage between $347,604 and $434,505.
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 $1,033. Most renters earn between $2,616 and $4,929 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $771 (20th percentile) to $1,445 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 83 of all properties in this area. This corresponds to a rent of $1,518 per month and a monthly household income of $5,144 ($61,728 per year)
Nearby Companies
521 Langholm Dr
515 Langholm Dr
617 Balmoral Rd
617 Balmoral Rd
617 Balmoral Rd
617 Langholm Dr
601 Langholm Dr