404 Sw 3rd 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 | |
|---|---|---|---|---|
| 414 Sw 3rd Ave | Office building, non-professional service building, one story | 1,652 | B |
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| 326 Sw 3rd Ave | Single Family | 1,717 | B |
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| 231 Sw 5th St | Church | 1,128 | B |
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| 229 Sw 5th St | Church | 0 | L | |
| 0 Sw 3rd Ave | Miscellaneous Residential (migrant camp or boarding home.) | 0 | L | |
| 301 Sw 5th St | Municipal Owned | 3,739 | B |
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| 318 Sw 3rd Ave | Single Family | 945 | B |
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| 319 Sw 3rd Ave | Office building, non-professional service building, one story | 2,359 | B |
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| 234 Sw 3rd St | Single Family | 1,942 | B |
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| 325 Sw 2nd Ave | Church | 1,570 | B |
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| 404 Sw 4th Ave | Store, one story | 1,452 | C |
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| 328 Sw 4th Ave | Multi-family - less than 10 units | 1,383 | B |
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| 226 Sw 3rd St | Church | 0 | L | |
| 412 Sw 4th Ave | Drive-in Restaurant | 776 | B |
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| 405 Sw 2nd Ave | Office building, non-professional service building, one story | 6,745 | B |
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| 240 Sw 3rd St | Multi-family - less than 10 units | 2,362 | B |
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| 322 Sw 4th Ave | Office building, non-professional service building, one story | 1,720 | B |
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| 311 Sw 3rd Ave | Single Family | 1,376 | B |
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| 555 Sw 2nd Ave | Multi-family - 10 units or more | 605,251 | B |
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| 220 Sw 3rd St | Church | 0 | L | |
| 304 Sw 3rd St | Multi-family - less than 10 units | 2,680 | B |
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| 314 Sw 3rd St | Mixed use - store and office or store and residential or residential combination | 5,090 | B |
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| 237 Sw 2nd Pl | Multi-family - less than 10 units | 3,337 | B |
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| 405 Sw 4th Ave | Vacant Commercial | 0 | L | |
| 411 Sw 4th Ave | Store, one story | 5,620 | B |
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| 511 Sw 4th Ave | Club, lodge or union hall | 3,618 | B |
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| 230 Sw 3rd Ave | Office building, non-professional service building, one story | 3,168 | B |
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| 233 Sw 2nd Pl | Single Family | 844 | B |
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| 238 Sw 2nd Pl | Multi-family - less than 10 units | 2,773 | B |
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| 232 Sw 4th Ave | Office building, non-professional service building, one story | 5,320 | B |
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| 307 Sw 4th Ave | Store, one story | 3,942 | C |
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| 204 Sw 3rd St | Church | 0 | L | |
| 526 Sw 4th Ave | Office building, non-professional service building, one story | 975 | 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 45 of all properties in this area. This suggests it would appeal to someone earning around $50,597 per year who should qualify for a mortgage between $101,194 and $126,493.
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 45 of all properties in this area. This corresponds to a rent of $815 per month and a monthly household income of $2,242 ($26,904 per year)
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