692 Nw 233rd Ter, Newberry
Alachua County Real Estate - Newberry
Newberry is in North Central Florida. It's population as recorded in the 2010 Census was 4,950. Newberry is approximately 17 miles from Gainesville (population 124,354) and around 12 miles from Alachua (population 9,059).
The median age for residents of Newberry is 36.5. Around 37.4% of Newberry households include school aged children and 22.2% of households include individuals aged 65 years or over. Census records indicate 79.6% of the Newberry population are White, 14.4% are Black or African American, .2% American Indian, 1.3% Asian and 2.3% are Two or more Races.
There are 2,068 housing units in Newberry. 184 (8.8%) of these were reported as vacant in the 2010 Census. There are 372 residential rental units in Newberry. 330 of them were occupied in 2010 providing a residential rental vacancy rate of 10.5%.
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Alachua County
Alachua County is located in North Central Florida, along with Madison, Hamilton, Taylor, Suwannee, Union, Bradford, Lafayette, Dixie, Levy, Gilchrist, Marion, and Columbia counties. Alachua County is home to the University of Florida, and a lot of the county's economy revolves around this. Top industries providing employment are government; education & health services; trade, transportation, & utilities; and leisure & hospitality. Cities in Alachua County are Alachua, Archer, Gainesville, Hawthorne, High Springs, Newberry, and Waldo. The population of the county is around 250,000.
Major private sector employers for Alachua County are Shands Hospital, Publix, North Florida Regional Medical Center, Nationwide Insurance, and Wal-Mart Distribution Center. Top public sector employers are University of Florida, Veteran Affairs Medical Center, Alachua County School Board, City of Gainesville, Alachua County, and Santa Fe Community College.
Alachua has historically been an important center of agricultural production. Many animal herds are raised in the county; Alachua ranks in the top for number of cattle, pigs, and goats. It is also known for its tobacco, peanuts, corn, blueberries, peppers, cucumbers, potatoes, and squash. More than 35,000 people are employed in the county?s agriculture industry.
Gainesville is home to the University of Florida, the flagship of the State University System of Florida. UF is highly-regarded on university rankings such as the annual report put out by U.S. News and World Report. The university has an enrollment over 50,000, making it one of the largest in the nation. Over $400 million in research grants are annually awarded to UF. The 2,000-acre campus employs more than 14,000 people, making it the largest employer in the county.
The county?s second-largest employer is Shands Hospital, with over 12,000 employees. Shands operates a facility dedicated to children and another for cancer patients. Shands is recognized as a top hospital by U.S. News and World Report.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 662 Nw 233rd Ter | Single Family | 2,032 | B |
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| 710 Nw 233rd Ter | Single Family | 1,958 | B |
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| 632 Nw 233rd Ter | Single Family | 2,041 | B |
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| 720 Nw 233rd Ter | Single Family | 1,982 | B |
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| 707 Nw 233rd Ter | Single Family | 2,084 | B |
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| 679 Nw 233rd Ter | Single Family | 2,057 | B |
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| 717 Nw 233rd Ter | Single Family | 2,348 | B |
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| 649 Nw 233rd Ter | Single Family | 2,339 | B |
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| 602 Nw 233rd Ter | Single Family | 1,857 | B |
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| 748 Nw 233rd Ter | Single Family | 2,148 | B |
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| 619 Nw 233rd Ter | Single Family | 2,025 | B |
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| 708 Nw 232nd Ter | Single Family | 1,947 | B |
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| 680 Nw 232nd Ter | Single Family | 1,960 | B |
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| 23364 Nw 7th Rd | Single Family | 1,989 | B |
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| 718 Nw 232nd Ter | Single Family | 2,105 | B |
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| 650 Nw 232nd Ter | Single Family | 2,348 | B |
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| 578 Nw 233rd Ter | Single Family | 1,887 | B |
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| 23344 Nw 7th Rd | Single Family | 1,870 | B |
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| 575 Nw 233rd Ter | Single Family | 1,973 | B |
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| 620 Nw 232nd Ter | Single Family | 2,048 | B |
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| 23324 Nw 7th Rd | Single Family | 2,098 | B |
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| 548 Nw 233rd Ter | Single Family | 2,035 | B |
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| 576 Nw 232nd Ter | Single Family | 2,087 | B |
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| 555 Nw 233rd Ter | Single Family | 2,082 | B |
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| 23304 Nw 7th Rd | Single Family | 1,914 | B |
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| 711 Nw 232 Ter | Single Family | 1,855 | B |
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Local Household Income
The median household income in this part of Florida is $67,642. The bottom 10% of the population earn less than $18,135 per year. The top 10% earn more than $176,120 per year. The top 1% earn more than $495,714 per year. Most renters earn between $25,716 (20th percentile) and $48,936 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $135,284 and $169,105.
The tax assessed value of this property places it in percentile 62 of all properties in this area. This suggests it would appeal to someone earning around $85,641 per year who should qualify for a mortgage between $171,282 and $214,103.
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 $899. Most renters earn between $2,143 and $4,078 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $651 (20th percentile) to $1,263 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 62 of all properties in this area. This corresponds to a rent of $1,025 per month and a monthly household income of $3,224 ($38,688 per year)