1918 Lake Margaret Dr, Orlando
Orange County Real Estate - Orlando
Orlando
Orlando is the fifth most populated city in Florida and is located in Orange County. Orlando is often nicknamed "the theme park capital of the world," as it is home to Walt Disney World, Universal Studios, Seaworld, and numerous other theme parks. As a result, Orlando is also known as the tourist capital of the world, attracting 51 million tourists a year. Orlando is a popular destination for conventions: the Orange County convention center is the second largest in the world. The Orlando metropolitan area has a $13.4 billion technology industry and employs 53,000 people. Orlando is also home to the Darden Restaurants headquarters, the largest operator of restaurants in the world by revenue. The University of Central Florida also resides in Orlando and is the second largest university in the United States. Orlando's top employers are Walt Disney World, Orange County Public Schools, State of Florida Government, Adventist Health System, Florida Hospital, and Wal-Mart Stores.
Orlando is in East Central Florida. It's population as recorded in the 2010 Census was 238,300.
The median age for residents of Orlando is 32.8. Around 28.5% of Orlando households include school aged children and 16.7% of households include individuals aged 65 years or over. Census records indicate 57.5% of the Orlando population are White, 28% are Black or African American, .3% American Indian, 3.7% Asian and 3.4% are Two or more Races. Orlando has a significant Hispanic population. 25.3% (60,483) of Orlando residents are of Hispanic or Latino origin. Of these 7.04% are of Mexican origin, 51.58% Puerto Rican, 7.1% Cuban and 34.25% are of other Hispanic or Latino origin.
There are 121,254 housing units in Orlando. 18,733 (15.4%) of these were reported as vacant in the 2010 Census. There are 72,485 residential rental units in Orlando. 62,063 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.
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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 | |
|---|---|---|---|---|
| 1920 Lake Margaret Dr | Single Family | 1,217 | B |
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| 1916 Lake Margaret Dr | Single Family | 1,412 | B |
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| 2001 Rosewood Manor Ln | Single Family | 1,572 | B |
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| 1925 Melvin Ave | Single Family | 2,076 | B |
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| 1919 Melvin Ave | Single Family | 1,475 | B |
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| 2003 Rosewood Manor Ln | Single Family | 1,644 | B |
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| 1935 Melvin Ave | Multi-family - less than 10 units | 2,094 | C |
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| 3061 Greenmount Rd | Single Family | 1,894 | B |
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| 2002 Rosewood Manor Ln | Single Family | 1,516 | B |
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| 1915 Melvin Ave | Single Family | 1,998 | B |
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| 2009 Rosewood Manor Ln | Single Family | 1,483 | B |
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| 3062 Greenmount Rd | Single Family | 1,909 | B |
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| 1908 Lake Margaret Dr | Single Family | 3,080 | B |
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| 2004 Rosewood Manor Ln | Single Family | 1,599 | B |
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| 2011 Rosewood Manor Ln | Single Family | 1,532 | B |
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| 2010 Rosewood Manor Ln | Single Family | 1,367 | B |
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| 3057 Greenmount Rd | Single Family | 1,952 | B |
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| 3058 Greenmount Rd | Single Family | 2,389 | B |
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| 1903 Melvin Ave | Single Family | 2,073 | B |
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| 2017 Rosewood Manor Ln | Single Family | 1,461 | B |
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| 2012 Rosewood Manor Ln | Single Family | 1,369 | B |
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| 2019 Rosewood Manor Ln | Single Family | 1,529 | B |
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| 2018 Rosewood Manor Ln | Single Family | 1,476 | B |
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| 3053 Greenmount Rd | Single Family | 1,989 | B |
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| 1924 Melvin Ave | Single Family | 1,631 | B |
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| 1930 Melvin Ave | Single Family | 951 | B |
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| 3054 Greenmount Rd | Single Family | 1,969 | B |
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| 2020 Rosewood Manor Ln | Single Family | 1,455 | B |
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| 1920 Melvin Ave | Single Family | 1,289 | B |
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| 1934 Melvin Ave | Single Family | 1,025 | B |
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| 1918 Melvin Ave | Single Family | 996 | B |
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| 1850 Lake Margaret Dr | Single Family | 2,082 | B |
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| 3099 Bay Tree Dr | Single Family | 1,942 | B |
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| 1938 Melvin Ave | Single Family | 817 | B |
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| 1821 Melvin Ave | Single Family | 1,671 | B |
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| 1900 Melvin Ave | Single Family | 2,313 | B |
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| 1909 Lake Margaret Dr | Single Family | 2,720 | B |
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| 3050 Greenmount Rd | Single Family | 1,902 | B |
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| 3049 Greenmount Rd | Single Family | 2,100 | B |
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| 1942 Melvin Ave | Single Family | 1,140 | B |
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| 3093 Bay Tree Dr | Single Family | 2,179 | B |
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| 3102 Florene Dr | Single Family | 1,767 | B |
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| 3108 Florene Dr | Single Family | 1,655 | B |
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| 1946 Melvin Ave | Single Family | 1,277 | B |
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| 2005 Baxter Ave | Single Family | 1,105 | B |
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| 1810 Lake Margaret Dr | Single Family | 1,465 | B |
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| 1931 Baxter Ave | Single Family | 1,044 | B |
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| 2009 Baxter Ave | Single Family | 1,497 | B |
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| 1921 Baxter Ave | Single Family | 1,204 | B |
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Local Household Income
The median household income in this part of Florida is $52,750. The bottom 10% of the population earn less than $15,819 per year. The top 10% earn more than $140,614 per year. The top 1% earn more than $483,623 per year. Most renters earn between $25,344 (20th percentile) and $41,136 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $105,500 and $131,875.
The tax assessed value of this property places it in percentile 46 of all properties in this area. This suggests it would appeal to someone earning around $47,760 per year who should qualify for a mortgage between $95,520 and $119,400.
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 $962. Most renters earn between $2,112 and $3,428 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,259 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 46 of all properties in this area. This corresponds to a rent of $942 per month and a monthly household income of $2,571 ($30,852 per year)
Nearby Companies
1918 Lake Margaret Dr
1821 Melvin Ave