131 East Palmetto, Howey In The Hills Fl
Lake County Real Estate - Howey In The Hills
Howey In The Hills is in East Central Florida. It's population as recorded in the 2010 Census was 1,098. Howey In The Hills is approximately 20 miles from The Villages (population 51,442) and around 16 miles from Apopka (population 41,542).
The median age for residents of Howey In The Hills is 49.4. Around 20.7% of Howey In The Hills households include school aged children and 36.7% of households include individuals aged 65 years or over. Census records indicate 96.2% of the Howey In The Hills population are White, 1.2% are Black or African American, 0% American Indian, .5% Asian and 1.1% are Two or more Races.
There are 585 housing units in Howey In The Hills. 103 (17.6%) of these were reported as vacant in the 2010 Census. Howey In The Hills is a tourist destination, 31% (32) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 100 residential rental units in Howey In The Hills. 83 of them were occupied in 2010 providing a residential rental vacancy rate of 17%.
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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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 135 East Palmetto Ave | Single Family | 1,709 | B |
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| 125 East Palmetto Ave | Single Family | 2,096 | B |
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| 137 East Palmetto Ave | Single Family | 1,405 | B |
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| 124 East Cedar St | Single Family | 2,829 | B |
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| 124 East Palmetto Ave | Single Family | 1,500 | B |
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| 130 Cedar St E | Single Family | 3,580 | B |
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| 126 East Palmetto Ave | Single Family | 2,258 | B |
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| East Palmetto Ave | Vacant Residential | 0 | L | |
| 209 East Cypress Ave | Single Family | 1,457 | B |
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| 411 North Lakeshore Blvd | Single Family | 1,724 | B |
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| 120 East Palmetto Ave | Single Family | 2,836 | B |
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| East Cedar St | Vacant Residential | 0 | L | |
| 127 East Cypress Ave | Single Family | 1,330 | B |
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| 309 Lakeshore Blvd | Single Family | 1,677 | B |
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| 116 East Palmetto Ave | Single Family | 1,606 | B |
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| 501 North Lakeshore Blvd | Single Family | 1,768 | B |
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| 115 East Palmetto Ave | Single Family | 1,981 | B |
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| 125 East Cypress Ave | Single Family | 1,506 | B |
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| 116 East Cedar St | Single Family | 2,268 | B |
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| 125 Cedar St | Single Family | 1,802 | B |
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| 121 East Cedar St | Single Family | 1,784 | B |
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| 204 East Cypress Ave | Single Family | 1,385 | B |
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| 305 North Lakeshore Blvd | Single Family | 2,123 | B |
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| 200 East Cypress Ave | Single Family | 2,357 | B |
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| 119 East Cypress Ave | Single Family | 2,676 | B |
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| 210 East Cypress Ave | Single Family | 2,872 | B |
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| 112 East Palmetto Ave | Single Family | 1,895 | B |
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| 112 East Cedar St | Single Family | 1,568 | B |
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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 55 of all properties in this area. This suggests it would appeal to someone earning around $65,236 per year who should qualify for a mortgage between $130,472 and $163,090.
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 55 of all properties in this area. This corresponds to a rent of $1,065 per month and a monthly household income of $3,141 ($37,692 per year)