1434 Silver Cove Dr, Clermont Fl
Polk County Real Estate - Loughman
Loughman is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 2,680. Loughman is approximately 23 miles from Orlando (population 238,300) and around 27 miles from Lakeland (population 97,422).
The median age for residents of Loughman is 34.2. Around 35.7% of Loughman households include school aged children and 19.7% of households include individuals aged 65 years or over. Census records indicate 77.2% of the Loughman population are White, 9.6% are Black or African American, .8% American Indian, 2.4% Asian and 2.7% are Two or more Races. Loughman has a significant Hispanic population. 27.3% (733) of Loughman residents are of Hispanic or Latino origin. Of these 11.73% are of Mexican origin, 59.61% Puerto Rican, 6.54% Cuban and 22.1% are of other Hispanic or Latino origin.
There are 2,019 housing units in Loughman. 1,014 (50.2%) of these were reported as vacant in the 2010 Census. Loughman is a tourist destination, 40.1% (407) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,018 residential rental units in Loughman. 546 of them were occupied in 2010 providing a residential rental vacancy rate of 45.4%.
Loughman links:
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Polk County
Polk County is part of the Tampa Bay region of Florida along with Citrus, Hernando, Pasco, Pinellas, Hillsborough, Manatee, and Sarasota counties. It is located inland, to the east of Hillsborough County and Tampa. The county is the geographic center of Florida?s population. Polk County is between the two large metropolitan areas of Tampa and Orlando, which accounts for its rapid population growth rate. Despite the positive growth, unemployment rates are historically lower in Polk County than anywhere else in the state. It has a population in excess of 600,000 and 17 incorporated municipalities.
Polk County's economy revolves around the industries of phosphate mining, agriculture, and tourism. Major private sector employers are Publix Supermarkets, Wal-Mart, Lakeland Regional Medical Center, Winter Haven Hospital, and GEICO. The largest public sector employers are Polk County School Board, Polk County Government, Florida State Government, and City of Lakeland. Though the economy depends less on tourism than in other parts of the state, the building of LEGOLAND Florida in Winter Haven has increased tourism and boosted the economy.
Of all Florida counties, Polk has the 2nd most farmland in the state. Like other areas in the central part of the state, Polk has numerous citrus groves.
A mining and railroad town, Lakeland has steadily grown since its 1885 incorporation. Home to around 100,000 people, Lakeland is the headquarters for Saddle Creek Logistics and Fortune 500 supermarket chain Publix. Lakeland also hosts Florida Polytechnic University, Southeastern University, Florida Southern College, and campuses of Polk State College and Webster University.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1430 Silver Cove Dr | Single Family | 1,488 | B |
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| 1438 Silver Cove Dr | Single Family | 1,524 | B |
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| 1426 Silver Cove Dr | Single Family | 1,662 | B |
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| 1442 Silver Cove Dr | Single Family | 1,662 | B |
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| 1446 Silver Cove Dr | Single Family | 1,662 | B |
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| 1422 Silver Cove Dr | Single Family | 1,662 | B |
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| 1435 Silver Cove Dr | Single Family | 1,488 | B |
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| 1431 Silver Cove Dr | Single Family | 1,673 | B |
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| 1439 Silver Cove Dr | Single Family | 1,662 | B |
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| 1427 Silver Cove Dr | Single Family | 1,662 | B |
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| 1441 Silver Cove Dr | Single Family | 1,776 | B |
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| 1450 Silver Cove Dr | Single Family | 1,662 | B |
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| 1423 Silver Cove Dr | Single Family | 1,662 | B |
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| 1445 Silver Cove Dr | Single Family | 1,496 | B |
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| 1500 Silver Cove Dr | Single Family | 1,735 | B |
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| 17834 Woodcrest Way | Single Family | 1,662 | B |
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| 1451 Silver Cove Dr | Single Family | 1,766 | B |
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| 1414 Silver Cove Dr | Single Family | 1,858 | B |
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| 17828 Woodcrest Way | Single Family | 1,670 | B |
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| 17840 Woodcrest Way | Single Family | 1,766 | B |
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| 17822 Woodcrest Way | Single Family | 1,766 | B |
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| 17846 Woodcrest Way | Single Family | 2,410 | B |
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| 1504 Silver Cove Dr | Single Family | 1,735 | B |
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| 17816 Woodcrest Way | Single Family | 1,670 | B |
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| 17852 Woodcrest Way | Single Family | 2,410 | B |
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| 1411 Silver Cove Dr | Single Family | 1,673 | B |
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| 1410 Silver Cove Dr | Single Family | 1,500 | B |
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| 17906 Woodcrest Way | Single Family | 1,488 | B |
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| 1508 Silver Cove Dr | Single Family | 1,662 | B |
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| 1406 Silver Cove Dr | Single Family | 1,778 | B |
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| 17947 Woodcrest Way | Single Family | 2,282 | B |
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| 1407 Silver Cove Dr | Single Family | 1,488 | B |
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| 17740 Woodcrest Way | Single Family | 1,480 | B |
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| 17941 Woodcrest Way | Single Family | 2,282 | B |
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| 1402 Silver Cove Dr | Single Family | 1,778 | B |
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| 17935 Woodcrest Way | Single Family | 1,735 | B |
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| 17833 Woodcrest Way | Single Family | 2,282 | B |
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| 17839 Woodcrest Way | Single Family | 2,282 | B |
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| 17827 Woodcrest Way | Single Family | 2,282 | B |
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| 17845 Woodcrest Way | Single Family | 2,282 | B |
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| 17821 Woodcrest Way | Single Family | 2,282 | B |
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| 17851 Woodcrest Way | Single Family | 2,282 | B |
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| 17929 Woodcrest Way | Single Family | 1,735 | B |
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| 17815 Woodcrest Way | Single Family | 2,282 | B |
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| 17905 Woodcrest Way | Single Family | 2,282 | B |
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| 17712 Woodcrest Way | Single Family | 1,500 | 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 56 of all properties in this area. This suggests it would appeal to someone earning around $66,430 per year who should qualify for a mortgage between $132,860 and $166,075.
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 56 of all properties in this area. This corresponds to a rent of $1,075 per month and a monthly household income of $3,178 ($38,136 per year)