1042 Soledad Way, The Villages
Sumter County Real Estate - The Villages
The Villages is in East Central Florida. It's population as recorded in the 2010 Census was 51,442.
The median age for residents of The Villages is 68.7. Around .2% of The Villages households include school aged children and 79.6% of households include individuals aged 65 years or over. Census records indicate 98.1% of the The Villages population are White, .6% are Black or African American, .1% American Indian, .6% Asian and .2% are Two or more Races.
There are 35,587 housing units in The Villages. 6,946 (19.5%) of these were reported as vacant in the 2010 Census. The Villages is a tourist destination, 65.6% (4,559) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,162 residential rental units in The Villages. 889 of them were occupied in 2010 providing a residential rental vacancy rate of 54.4%.
The Villages links:
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Sumter County
Sumter County is located in East Central Florida, along with Brevard, Orange, Volusia, Seminole, Lake, and Osceola counties. Cities in Sumter County include Bushnell, Center Hill, Coleman, Webster, and Wildwood. The county is home to over 90,000.
The largest industries in Sumter County by employment are leisure & hospitality, trade & transportation, education & health services, and public administration. Sumter County major private employers are The Villages, T&D Concrete, Villages Regional Medical Center, Wal-Mart, and Sumter Electric Cooperative. Major public employers include Coleman Federal Prison, Sumter District Schools, Sumter Correctional Institute, Sumter County Government, and Lake Sumter Community College.
Known as "Hog County" for its large pig population, Sumter is historically a largely rural county. Sumter is number eighteen among Florida counties for number of cattle and calves. In the southern end of the county, near Webster, cucumbers, eggplants and peppers are grown for commercial sale. Near the unincorporated community of Oxford in the north, tomatoes and watermelons are the more popular crops.
The county is known to the Census Bureau as The Villages Micropolitan Statistical Area, named after the most populous census-designated place in Sumter County. The Villages is a large, planned retirement community that spans Sumter, Lake, and Marion Counties. The community in northeast Sumter County is home to over 50,000. In addition to the retirees, The Villages also contains subdivisions for workers and their families that includes a charter school. Over 95% of residents are white caucasians.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1044 Soledad Way | Single Family | 2,469 | L |
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| 1040 Soledad Way | Single Family | 1,923 | L |
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| 1515 Nueva Pl | Single Family | 2,988 | L |
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| 1516 Nueva Pl | Single Family | 1,988 | L |
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| 1046 Soledad Way | Single Family | 2,196 | L |
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| 1038 Soledad Way | Single Family | 1,981 | L |
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| 1057 Soledad Way | Single Family | 2,246 | L |
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| 1055 Soledad Way | Single Family | 2,174 | L |
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| 1059 Soledad Way | Single Family | 2,698 | L |
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| 1053 Soledad Way | Single Family | 2,517 | L |
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| 1516 Lavaca Ln | Single Family | 1,983 | L |
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| 1036 Soledad Way | Single Family | 1,776 | L |
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| 1048 Soledad Way | Single Family | 2,048 | L |
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| 1513 Nueva Pl | Single Family | 2,200 | L |
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| 1514 Nueva Pl | Single Family | 1,980 | L |
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| 1061 Soledad Way | Single Family | 2,547 | L |
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| 1051 Soledad Way | Single Family | 2,239 | L |
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| 1514 Lavaca Ln | Single Family | 3,070 | L |
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| 1518 Lavaca Ln | Single Family | 2,615 | L |
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| 1050 Soledad Way | Single Family | 2,371 | L |
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| 1063 Soledad Way | Single Family | 1,820 | L |
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| 1034 Soledad Way | Single Family | 1,840 | L |
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| 1511 Nueva Pl | Single Family | 1,711 | L |
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| 1511 Dolorosa Ct | Single Family | 2,210 | L |
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| 1049 Soledad Way | Single Family | 1,946 | L |
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| 1512 Nueva Pl | Single Family | 2,277 | L |
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| 1512 Lavaca Ln | Single Family | 1,721 | L |
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| 1512 Dolorosa Ct | Single Family | 2,258 | L |
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| 1065 Soledad Way | Single Family | 2,000 | L |
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| 1052 Soledad Way | Single Family | 1,986 | L |
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| 1047 Soledad Way | Single Family | 1,971 | L |
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| 1032 Soledad Way | Single Family | 1,799 | L |
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| 1509 Nueva Pl | Single Family | 1,896 | L |
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| 1510 Lavaca Ln | Single Family | 1,954 | L |
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| 1509 Dolorosa Ct | Single Family | 1,858 | L |
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| 1510 Nueva Pl | Single Family | 1,757 | L |
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| 1515 Lavaca Ln | Single Family | 2,588 | L |
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| 1067 Soledad Way | Single Family | 1,737 | L |
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| 1045 Soledad Way | Single Family | 1,638 | L |
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| 1054 Soledad Way | Single Family | 1,953 | L |
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| 1511 Lavaca Ln | Single Family | 2,339 | L |
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| 1513 Lavaca Ln | Single Family | 1,976 | L |
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| 1508 Lavaca Ln | Single Family | 1,963 | L |
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| 1507 Nueva Pl | Single Family | 2,307 | L |
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| 1030 Soledad Way | Single Family | 2,123 | L |
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| 1507 Dolorosa Ct | Single Family | 1,704 | L |
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| 1509 Lavaca Ln | Single Family | 2,045 | L |
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| 1510 Dolorosa Ct | Single Family | 1,848 | L |
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| 1508 Nueva Pl | Single Family | 2,082 | L |
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Local Household Income
The median household income in this part of Florida is $54,508. The bottom 10% of the population earn less than $19,472 per year. The top 10% earn more than $126,999 per year. The top 1% earn more than $446,344 per year. Most renters earn between $26,532 (20th percentile) and $49,788 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,016 and $136,270.
The tax assessed value of this property places it in percentile 91 of all properties in this area. This suggests it would appeal to someone earning around $132,845 per year who should qualify for a mortgage between $265,690 and $332,113.
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 $890. Most renters earn between $2,211 and $4,149 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $655 (20th percentile) to $1,270 (80th percentile) range. The residential vacancy rate is 11%.
This property falls in percentile 91 of all properties in this area. This corresponds to a rent of $1,742 per month and a monthly household income of $5,064 ($60,768 per year)