832 Nw 40th Ave, 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 | |
|---|---|---|---|---|
| 840 Nw 40th Ave | Single Family | 1,116 | B |
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| 824 Nw 40th Ave | Multi-family - less than 10 units | 1,715 | B |
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| 908 Nw 40th Ave | Single Family | 1,374 | B |
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| 829 Nw 41st Ave | Single Family | 1,120 | B |
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| 837 Nw 41st Ave | Single Family | 897 | B |
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| 821 Nw 41st Ave | Single Family | 891 | B |
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| 815 Nw 40th Ave | Single Family | 931 | B |
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| 808 Nw 40th Ave | Multi-family - less than 10 units | 3,120 | B |
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| 905 Nw 41st Ave | Vacant Residential | 0 | L | |
| 827 Nw 40th Ave | Single Family | 2,041 | B |
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| 914 Nw 40th Ave | Single Family | 824 | B |
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| 809 Nw 41st Ave | Vacant Residential | 0 | L | |
| 905 Nw 40th Ave | Multi-family - less than 10 units | 6,616 | B |
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| 811 Nw 40th Ave | Single Family | 1,290 | B |
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| 918 Nw 40th Ave | Single Family | 838 | B |
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| 917 Nw 41st Ave | Single Family | 1,340 | B |
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| 809 Nw 40th Ave | Single Family | 878 | B |
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| 902 Nw 39th Ave | Multi-family - less than 10 units | 1,547 | B |
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| 822 Nw 39th Ave | Multi-family - less than 10 units | 6,680 | B |
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| 800 Nw 40th Ave | Church | 5,057 | B |
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| 832 Nw 39th Ave | Single Family | 936 | B |
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| 1002 Nw 40th Ave | Single Family | 792 | B |
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| 807 Nw 41st Ave | Multi-family - less than 10 units | 3,005 | B |
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| 830 Nw 41st Ave | Single Family | 1,889 | C |
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| 801 Nw 40th Ave | Multi-family - less than 10 units | 3,108 | B |
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| 824 Nw 41st Ave | Single Family | 990 | B |
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| 920 Nw 41st Ave | Single Family | 1,144 | B |
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| 918 Nw 39th Ave | Single Family | 1,145 | B |
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| 810 Nw 41st Ave | Multi-family - less than 10 units | 2,861 | B |
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| 808 Nw 39th Ave | Church | 0 | L | |
| 1008 Nw 40th Ave | Single Family | 1,138 | B |
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| 1003 Nw 40th Ave | Single Family | 1,984 | B |
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| 1012 Nw 40th Ave | Single Family | 948 | B |
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| 4134 Nw 9th St | Single Family | 1,154 | B |
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| 938 Nw 41st Ave | Single Family | 1,175 | B |
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| 1011 Nw 41st Ave | Multi-family - 10 units or more | 11,036 | B |
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| 1002 Nw 39th Ave | Multi-family - less than 10 units | 3,701 | B |
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| 626 Nw 41st Ave | Single Family | 1,746 | B |
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| 1020 Nw 40th Ave | Single Family | 912 | C |
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| 800 Nw 39th Ave | Church | 14,371 | B |
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| 4021 Nw 7th St | Multi-family - less than 10 units | 3,108 | B |
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Local Household Income
The median household income in this part of Florida is $55,472. The bottom 10% of the population earn less than $13,995 per year. The top 10% earn more than $148,540 per year. The top 1% earn more than $520,757 per year. Most renters earn between $20,484 (20th percentile) and $35,916 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $110,944 and $138,680.
The tax assessed value of this property places it in percentile 18 of all properties in this area. This suggests it would appeal to someone earning around $22,607 per year who should qualify for a mortgage between $45,214 and $56,518.
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 $853. Most renters earn between $1,707 and $2,993 per month. They typically spend 41% of their monthly income on rent. Most rents fall in the $612 (20th percentile) to $1,234 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 18 of all properties in this area. This corresponds to a rent of $597 per month and a monthly household income of $1,672 ($20,064 per year)
Nearby Companies
1011 Nw 41st Ave
1012 Nw 40th Ave
908 Nw 40th Ave
800 Nw 39th Ave
800 Nw 39th Ave