621 Ne 5th St, 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 | |
|---|---|---|---|---|
| 628 Ne Boulevard | Single Family | 2,038 | B |
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| 634 Ne Boulevard | Single Family | 3,053 | B |
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| 620 Ne Boulevard | Single Family | 2,288 | B |
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| 502 Ne 6th Ave | Single Family | 1,227 | B |
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| 506 Ne 6th Ave | Single Family | 1,354 | B |
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| 510 Ne 6th Ave | Single Family | 1,724 | B |
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| 610 Ne Boulevard | Single Family | 2,890 | B |
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| 708 Ne Boulevard | Single Family | 5,717 | B |
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| 505 Ne 6th Ave | Single Family | 3,461 | B |
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| 629 Ne Boulevard | Single Family | 1,629 | B |
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| 537 Ne 7th Ave | Single Family | 2,329 | B |
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| 621 Ne Boulevard | Single Family | 1,584 | B |
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| 530 Ne 7th Ave | Single Family | 2,295 | B |
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| 417 Ne 6th Ave | Single Family | 2,167 | B |
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| 406 Ne 7th Ave | Single Family | 3,164 | B |
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| 411 Ne 6th Ave | Single Family | 1,700 | B |
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| 532 Ne Boulevard | Single Family | 3,214 | B |
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| 702 Ne 5th St | Vacant Residential | 0 | L | |
| 538 Ne 7th Ave | Single Family | 2,808 | B |
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| 615 Ne Boulevard | Single Family | 1,272 | B |
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| 403 Ne 6th Ave | Single Family | 2,519 | B |
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| 714 Ne Boulevard | Single Family | 1,822 | B |
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| 605 Ne Boulevard | Single Family | 999 | B |
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| 711 Ne 5th St | Single Family | 1,563 | B |
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| 711 Ne 4th St | Single Family | 949 | B |
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| 525 Ne 4th St | Single Family | 2,612 | B |
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| 540 Ne 7th Ave | Single Family | 1,100 | B |
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| 519 Ne 5th St | Multi-family - less than 10 units | 1,740 | B |
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| 704 Ne 4th St | Single Family | 2,567 | B |
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| 555 Ne 7th Ave | Single Family | 1,985 | B |
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| 719 Ne 5th St | Single Family | 1,614 | B |
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| 621 Ne 5th Ter | Single Family | 2,769 | B |
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| 710 Ne 5th Ter | Single Family | 1,683 | B |
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| 541 Ne Boulevard | Single Family | 2,876 | B |
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| 516 Ne 5th St | Single Family | 1,630 | B |
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| 720 Ne Boulevard | Single Family | 2,962 | 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 89 of all properties in this area. This suggests it would appeal to someone earning around $144,482 per year who should qualify for a mortgage between $288,964 and $361,205.
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 89 of all properties in this area. This corresponds to a rent of $1,470 per month and a monthly household income of $3,616 ($43,392 per year)
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