583 Ne Patterson Ave, Lake City
Columbia County Real Estate - Lake City
Lake City is in North Central Florida. It's population as recorded in the 2010 Census was 12,046. Lake City is approximately 42 miles from Gainesville (population 124,354) and around 47 miles from Middleburg (population 13,008).
The median age for residents of Lake City is 36.7. Around 34.3% of Lake City households include school aged children and 26.6% of households include individuals aged 65 years or over. Census records indicate 56.5% of the Lake City population are White, 37.2% are Black or African American, .4% American Indian, 1.6% Asian and 2.7% are Two or more Races.
There are 5,539 housing units in Lake City. 873 (15.7%) of these were reported as vacant in the 2010 Census. There are 2,891 residential rental units in Lake City. 2,458 of them were occupied in 2010 providing a residential rental vacancy rate of 14.6%.
Lake City links:
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Columbia County
Columbia County is located in North Central Florida, along with Alachua, Madison, Hamilton, Taylor, Suwannee, Union, Bradford, Lafayette, Dixie, Levy, Gilchrist, and Marion counties. The incorporated cities in Columbia County are Fort White and Lake City. Columbia County?s population is over 67,000.
The largest industries providing employment for Columbia County are educational, health, and public services; retail trade; and public administration. Cost of living in Columbia County is relatively low at 83.2 compared the US average of 100. Major private sector employers are VA Medical Center, Sitel, PCS Phosphate- White Springs, TIMCO, and Anderson Columbia Company. Top public sector employers include Columbia County School District and Columbia County.
The largest employer in Columbia County is PCS Phosphate, whose production facility is actually in neighboring Hamilton County. What is in Lake City is the railroad shipment facility to ship out the 4 million tonnes of phosphate that White Springs produces annually. In addition to the rail facilities, Lake City?s location at the intersection of I-10 and I-75 gives it easy access to the rest of the state and cities such as Jacksonville, Tampa, and Atlanta. Indeed, Lake City considers itself the gateway to Florida.
Lake City is also home to the Lake City Gateway Airport and TIMCO maintenance, repair, and overhaul (MRO) facility. Gateway is a general aviation airport that is home to the only U.S. Forestry Service fire support base in the Southeast U.S. The TIMCO facility includes six hangars specializing in airframe base maintenance.
Located next to the airport is Florida Gateway College. Originally Columbia Forestry School, the forest management program ceased in 2010 from lack of interest. Today, the student population is around 7,000.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 584 Gurley Ave Ne | Single Family | 1,196 | B |
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| 584 Gurley Ave Ne | Single Family | 1,196 | B |
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| 584 Gurley Ave Ne | Single Family | 1,196 | B |
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| 584 Gurley Ave Ne | Single Family | 1,196 | B |
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| C/O Will Brown | Vacant Residential | 0 | L | |
| 686 Long Street | Vacant Residential | 0 | L | |
| 889 Famu Ln | Vacant Residential | 0 | L | |
| 237 Se Greg Pl | Single Family | 971 | C |
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| Community Development Corp Inc | Vacant Residential | 0 | L | |
| 870 Famu Ln Ne | Single Family | 2,542 | B |
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| 870 Famu Ln Ne | Single Family | 2,542 | B |
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| 870 Famu Ln Ne | Single Family | 2,542 | B |
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| 870 Famu Ln Ne | Single Family | 2,542 | B |
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| 531 Gurley Ave Ne | Single Family | 1,101 | B |
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| 531 Gurley Ave Ne | Single Family | 1,101 | B |
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| 531 Gurley Ave Ne | Single Family | 1,101 | B |
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| 531 Gurley Ave Ne | Single Family | 1,101 | B |
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| 889 Ne Famu Ln | Mobile Home | 1,296 | B |
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| 635 Gurley Ave Ne | Single Family | 720 | C |
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| 635 Gurley Ave Ne | Single Family | 720 | C |
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| 635 Gurley Ave Ne | Single Family | 720 | C |
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| 635 Gurley Ave Ne | Single Family | 720 | C |
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| 1452 Ne Washington St | Single Family | 1,196 | C |
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| 507 Gurley Ave Ne | Single Family | 1,525 | C |
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| 507 Gurley Ave Ne | Single Family | 1,525 | C |
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| 507 Gurley Ave Ne | Single Family | 1,525 | C |
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| 507 Gurley Ave Ne | Single Family | 1,525 | C |
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Local Household Income
The median household income in this part of Florida is $47,144. The bottom 10% of the population earn less than $14,911 per year. The top 10% earn more than $110,883 per year. The top 1% earn more than $404,215 per year. Most renters earn between $22,800 (20th percentile) and $42,960 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $94,288 and $117,860.
The tax assessed value of this property places it in percentile 41 of all properties in this area. This suggests it would appeal to someone earning around $39,945 per year who should qualify for a mortgage between $79,890 and $99,863.
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 $717. Most renters earn between $1,900 and $3,580 per month. They typically spend 29% of their monthly income on rent. Most rents fall in the $504 (20th percentile) to $957 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 41 of all properties in this area. This corresponds to a rent of $655 per month and a monthly household income of $2,522 ($30,264 per year)