6243 Sw 88th Ter, Gainesville
Alachua County Real Estate - Archer
Archer is in North Central Florida. It's population as recorded in the 2010 Census was 1,118. Archer is approximately 14 miles from Gainesville (population 124,354) and around 33 miles from Ocala (population 56,315).
The median age for residents of Archer is 39.6. Around 33.1% of Archer households include school aged children and 24.2% of households include individuals aged 65 years or over. Census records indicate 65.2% of the Archer population are White, 30.8% are Black or African American, .7% American Indian, 1.2% Asian and 1.2% are Two or more Races.
There are 517 housing units in Archer. 64 (12.3%) of these were reported as vacant in the 2010 Census. There are 175 residential rental units in Archer. 160 of them were occupied in 2010 providing a residential rental vacancy rate of 8.6%.
Archer links:
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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 | |
|---|---|---|---|---|
| 6283 Sw 88th Ter | Single Family | 3,089 | B |
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| 8905 Sw 62nd Pl | Single Family | 2,161 | B |
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| 6317 Sw 88th Ter | Single Family | 2,892 | B |
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| 6337 Sw 88th Ter | Single Family | 3,538 | B |
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| 8928 Sw 63rd Pl | Single Family | 2,223 | B |
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| 8945 Sw 62nd Pl | Single Family | 2,269 | B |
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| 8948 Sw 63rd Pl | Single Family | 2,125 | B |
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| 8817 Sw 61st Ave | Single Family | 3,079 | B |
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| 8965 Sw 62nd Pl | Single Family | 2,274 | B |
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| 6357 Sw 88th Ter | Single Family | 2,898 | B |
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| 8911 Sw 63rd Pl | Single Family | 2,813 | B |
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| 8962 Sw 62nd Pl | Single Family | 3,084 | B |
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| 8968 Sw 63rd Pl | Single Family | 2,234 | B |
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| 8803 Sw 61st Ave | Single Family | 3,137 | B |
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| 8909 Sw 61st Ave | Single Family | 2,982 | B |
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| 6377 Sw 88th Ter | Single Family | 2,791 | B |
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| 8951 Sw 63rd Pl | Single Family | 2,590 | B |
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| 8904 Sw 64th Ln | Single Family | 2,949 | B |
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| 8982 Sw 62nd Pl | Single Family | 3,471 | B |
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| 8924 Sw 64th Ln | Single Family | 2,447 | 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 84 of all properties in this area. This suggests it would appeal to someone earning around $137,854 per year who should qualify for a mortgage between $275,708 and $344,635.
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 84 of all properties in this area. This corresponds to a rent of $1,364 per month and a monthly household income of $4,366 ($52,392 per year)