Lake County Real Estate - Groveland

Groveland is in East Central Florida. It's population as recorded in the 2010 Census was 8,729. Groveland is approximately 29 miles from Orlando (population 238,300) and around 27 miles from The Villages (population 51,442).

The median age for residents of Groveland is 33.9. Around 47.5% of Groveland households include school aged children and 22.1% of households include individuals aged 65 years or over. Census records indicate 65.6% of the Groveland population are White, 17% are Black or African American, 1% American Indian, 2.5% Asian and 4.2% are Two or more Races. Groveland has a significant Hispanic population. 25.9% (2,263) of Groveland residents are of Hispanic or Latino origin. Of these 34.9% are of Mexican origin, 33.53% Puerto Rican, 5.92% Cuban and 25.62% are of other Hispanic or Latino origin.

There are 3,369 housing units in Groveland. 506 (15%) of these were reported as vacant in the 2010 Census. There are 710 residential rental units in Groveland. 621 of them were occupied in 2010 providing a residential rental vacancy rate of 12%.

Groveland links:

Lake County

Lake County is located in the east central Florida region, along with Brevard, Orange, Volusia, Sumter, Seminole, and Osceola counties. Cities of Lake County include Astatula, Clermont, Eustis, Fruitland Park, Groveland, Lady Lake, Leesburg, Mascotte, Minneola, Montverde, Mount Dora, Tavares, and Umatilla. Lake County has approximately 1,400 named lakes. It is home to around 300,000 people. About one in four residents are over the age of 65.

Top industries in Lake County are retail, healthcare, construction, and food services. Major private sector employers for Lake County are Leesburg Regional Medical Center, Wal-Mart, Villages of Lake Sumter Inc., Florida Hospital-Waterman, and Publix Supermarkets. Top public sector employers are Lake County Public Schools, Lake County Government, and Lake County Sheriff's Department.

The county seat is Tavares, a city with a population over 12,000. A third of the people who live in Tavares are over age 65. The city?s economic strength lies in services, especially healthcare and retail.

Leesburg is a city of over 20,000. Nestled among the Harris Chain of Lakes, maritime recreational opportunities abound, including boating and fishing.The area hosts many full-service retirement communities. The Leesburg Regional Airport features two runways for general aviaion craft.

Neighboring Properties

AddressTypeSq FtClass 
213 Compass Rose Dr Single Family 1,740 B
209 Compass Rose Dr Single Family 2,118 B
215 Compass Rose Dr Single Family 1,957 B
212 Compass Rose Dr Single Family 1,646 B
214 Compass Rose Dr Single Family 1,629 B
210 Compass Rose Dr Single Family 1,897 B
217 Compass Rose Dr Single Family 1,622 B
207 Compass Rose Dr Single Family 0 B
216 Compass Rose Dr Single Family 1,721 B
218 Compass Rose Dr Single Family 1,983 B
219 Compass Rose Dr Single Family 1,866 B
208 Compass Rose Dr Single Family 1,734 B
735 Lake Douglas Dr Single Family 0 B
205 Compass Rose Dr Single Family 0 B
737 Lake Douglas Dr Single Family 0 B
733 Lake Douglas Dr Single Family 2,128 B
220 Compass Rose Dr Single Family 1,957 B
739 Lake Douglas Dr Single Family 1,490 B
221 Compass Rose Dr Single Family 1,740 B
206 Compass Rose Dr Single Family 1,957 B
741 Lake Douglas Dr Single Family 1,939 B
729 Lake Douglas Dr Single Family 1,758 B
203 Compass Rose Dr Single Family 0 B
222 Compass Rose Dr Single Family 2,049 B
223 Compass Rose Dr Single Family 1,957 B
204 Compass Rose Dr Single Family 1,758 B
727 Lake Douglas Dr Single Family 1,526 B
201 Compass Rose Dr Single Family 0 B
224 Compass Rose Dr Single Family 1,995 B
745 Lake Douglas Dr Single Family 1,740 B
736 Lake Douglas Dr Vacant Residential 0 L
738 Lake Douglas Dr Single Family 0 B
734 Lake Douglas Dr Single Family 0 B
225 Compass Rose Dr Single Family 2,067 B
740 Lake Douglas Dr Single Family 0 B
725 Lake Douglas Dr Single Family 2,164 B
202 Compass Rose Dr Single Family 1,895 B
732 Lake Douglas Dr Single Family 0 B
742 Lake Douglas Dr Single Family 0 B
747 Lake Douglas Dr Single Family 1,957 B
226 Compass Rose Dr Single Family 1,957 B
199 Compass Rose Dr Single Family 2,104 B

Local Household Income

The median household income in this part of Florida is $59,480. The bottom 10% of the population earn less than $23,412 per year. The top 10% earn more than $133,921 per year. The top 1% earn more than $386,477 per year. Most renters earn between $26,916 (20th percentile) and $46,824 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $118,960 and $148,700.

The tax assessed value of this property places it in percentile 43 of all properties in this area. This suggests it would appeal to someone earning around $52,319 per year who should qualify for a mortgage between $104,638 and $130,798.

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 $1,014. Most renters earn between $2,243 and $3,902 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $752 (20th percentile) to $1,392 (80th percentile) range. The residential vacancy rate is 12%.

This property falls in percentile 43 of all properties in this area. This corresponds to a rent of $942 per month and a monthly household income of $2,803 ($33,636 per year)

Nearby Companies

Disclaimers and Disclosures

Public Records Data

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