8507 Sw 5th Pl, Gainesville
Alachua County Real Estate - Gainesville
Gaineville is the home to The University of Florida and much of the economy revolves around the University, with the highest percentage of residents in their 20s. Top employers are University of Florida, Shands HealthCare, Veterans Health Administration, School Board of Alachua County, and City of Gainesville.
Gainesville is in North Central Florida. It's population as recorded in the 2010 Census was 124,354.
The median age for residents of Gainesville is 24.9. Around 18.4% of Gainesville households include school aged children and 15% of households include individuals aged 65 years or over. Census records indicate 64.9% of the Gainesville population are White, 22.9% are Black or African American, .3% American Indian, 6.8% Asian and 2.9% are Two or more Races.
There are 57,576 housing units in Gainesville. 6,547 (11.3%) of these were reported as vacant in the 2010 Census. There are 36,032 residential rental units in Gainesville. 31,660 of them were occupied in 2010 providing a residential rental vacancy rate of 11.8%.
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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 | |
|---|---|---|---|---|
| 8427 Sw 5th Pl | Single Family | 2,808 | B |
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| 8510 Sw 7th Pl | Single Family | 2,575 | B |
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| 8430 Sw 7th Pl | Single Family | 2,478 | B |
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| 8520 Sw 7th Pl | Single Family | 2,876 | B |
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| 8504 Sw 5th Pl | Single Family | 2,877 | B |
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| 8601 Sw 5th Pl | Single Family | 2,093 | B |
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| 8522 Sw 5th Pl | Single Family | 2,535 | B |
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| 8413 Sw 5th Pl | Single Family | 2,604 | B |
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| 8424 Sw 5th Pl | Single Family | 2,536 | B |
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| 8600 Sw 7th Pl | Single Family | 2,831 | B |
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| 8420 Sw 7th Pl | Single Family | 3,040 | B |
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| 8602 Sw 5th Pl | Single Family | 2,796 | B |
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| 8613 Sw 5th Pl | Single Family | 2,685 | B |
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| 8511 Sw 7th Pl | Single Family | 2,622 | B |
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| 8503 Sw 4th Pl | Single Family | 2,332 | B |
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| 8429 Sw 7th Pl | Single Family | 2,631 | B |
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| 8521 Sw 7th Pl | Single Family | 2,321 | B |
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| 508 Sw 85th Ter | Single Family | 2,683 | B |
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| 8612 Sw 7th Pl | Single Family | 2,318 | B |
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| 8423 Sw 4th Pl | Single Family | 2,211 | B |
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| 8333 Sw 5th Pl | Single Family | 2,269 | B |
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| 626 Sw 83rd Ter | Single Family | 2,337 | B |
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| 8614 Sw 5th Pl | Single Family | 1,960 | B |
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| 8601 Sw 7th Pl | Single Family | 2,415 | B |
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| 8419 Sw 7th Pl | Single Family | 2,992 | B |
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| 8603 Sw 4th Pl | Single Family | 2,959 | B |
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| 8332 Sw 5th Pl | Single Family | 2,593 | 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 64 of all properties in this area. This suggests it would appeal to someone earning around $89,876 per year who should qualify for a mortgage between $179,752 and $224,690.
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 64 of all properties in this area. This corresponds to a rent of $1,039 per month and a monthly household income of $3,295 ($39,540 per year)
Nearby Companies
8510 Sw 7th Pl
8510 Sw 7th Pl
8602 Sw 5th Pl
8412 Sw 5th Pl
8522 Sw 5th Pl