7486 Sw 87th 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 | |
|---|---|---|---|---|
| 7514 Sw 87th Ter | Single Family | 2,135 | B |
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| 7466 Sw 87th Ter | Single Family | 1,955 | B |
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| 7483 Sw 88th St | Single Family | 1,851 | B |
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| 7521 Sw 88th St | Single Family | 2,474 | B |
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| 7463 Sw 88th St | Single Family | 2,160 | B |
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| 7544 Sw 87th Ter | Single Family | 2,113 | B |
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| 7456 Sw 87th Ter | Single Family | 1,969 | B |
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| 7489 Sw 87th Ter | Single Family | 1,818 | B |
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| 7479 Sw 87th Ter | Single Family | 2,014 | B |
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| 7453 Sw 88th St | Single Family | 2,444 | B |
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| 7459 Sw 87th Ter | Single Family | 1,851 | B |
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| 7436 Sw 87th Ter | Single Family | 2,288 | B |
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| 7449 Sw 87th Ter | Single Family | 1,810 | B |
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| 7547 Sw 87th Ter | Single Family | 1,627 | B |
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| 7478 Sw 88th St | Single Family | 2,329 | B |
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| 7512 Sw 88th St | Single Family | 2,353 | B |
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| 7458 Sw 88th St | Single Family | 2,292 | B |
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| 7416 Sw 87th Ter | Single Family | 1,955 | B |
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| 7429 Sw 87th Ter | Single Family | 1,949 | B |
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| 7532 Sw 88th St | Single Family | 2,259 | B |
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| 7450 Sw 86th Way | Single Family | 2,176 | B |
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| 7552 Sw 88th St | Single Family | 2,125 | B |
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| 7409 Sw 87th Ter | Single Family | 1,913 | B |
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| 7418 Sw 88th St | Single Family | 2,051 | B |
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| 7510 Sw 86th Way | Single Family | 2,176 | B |
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| 7597 Sw 87th Ter | Single Family | 1,793 | B |
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| 8819 Sw 74th Ave | Single Family | 2,338 | B |
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| 8752 Sw 74th Ave | Single Family | 2,357 | B |
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| 8782 Sw 74th Ave | Single Family | 2,078 | B |
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| 7601 Sw 87th Ter | Single Family | 1,627 | B |
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| 8822 Sw 76th Ave | Single Family | 2,386 | B |
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| 7471 Sw 86th Way | Single Family | 2,007 | B |
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| 7421 Sw 86th Way | Single Family | 1,973 | B |
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| 7491 Sw 86th Way | Single Family | 1,842 | 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 75 of all properties in this area. This suggests it would appeal to someone earning around $113,349 per year who should qualify for a mortgage between $226,698 and $283,373.
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 75 of all properties in this area. This corresponds to a rent of $1,182 per month and a monthly household income of $3,700 ($44,400 per year)
Nearby Companies
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