Lake County Real Estate - Minneola

Minneola is a city in Lake County, Florida in East Central Florida. It's population as recorded in the 2010 Census was 9,403. Minneola is approximately 22 miles west of  Orlando (population 238,300), 16 miles from Apopka (population 41,542) and east of Lake Minneola.  The city is a part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.

Much of the small town is rural, and it's status in the citrus industry has made it the namesake of the Minneola tangelo. The English translation of the town's name is "much water", named by American Indians native to the area because of it's many beautiful lakes. The late 19th century brought settlers to the town, like Henry Wilson, who planted a grove there in 1881, establishing it's place in the citrus industry.

The median age for residents of Minneola is 34.5. Around 47.1% of Minneola households include school aged children and 18.5% of households include individuals aged 65 years or over. Census records indicate 76.5% of the Minneola population are White, 11.2% are Black or African American, .6% American Indian, 2.4% Asian and 3.5% are Two or more Races. Minneola has a significant Hispanic population. 20.2% (1,908) of Minneola residents are of Hispanic or Latino origin. Of these 16.09% are of Mexican origin, 52.09% Puerto Rican, 7.02% Cuban and 24.79% are of other Hispanic or Latino origin.

There are 3,558 housing units in Minneola. 344 (9.6%) of these were reported as vacant in the 2010 Census. There are 844 residential rental units in Minneola. 756 of them were occupied in 2010 providing a residential rental vacancy rate of 10.1%.

Minneola 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 
984 Cornell Ave Single Family 1,836 B
976 Cornell Ave Single Family 1,728 B
988 Cornell Ave Single Family 1,558 B
972 Cornell Ave Single Family 1,836 B
983 Cornell Ave Single Family 2,307 B
992 Cornell Ave Single Family 2,384 B
968 Cornell Ave Single Family 2,064 B
987 Cornell Ave Single Family 2,256 B
979 Cornell Ave Single Family 2,307 B
1118 Princeton Dr Single Family 1,760 B
975 Cornell Ave Single Family 2,384 B
996 Cornell Ave Single Family 1,760 B
964 Cornell Ave Single Family 2,162 B
2297 Stanford Ct Single Family 2,771 B
1114 Princeton Dr Single Family 2,064 B
971 Cornell Ave Single Family 2,256 B
960 Cornell Ave Single Family 2,092 B
1000 Cornell Ave Single Family 1,760 B
967 Cornell Ave Single Family 2,468 B
1119 Princeton Dr Single Family 1,760 B
1110 Princeton Dr Single Family 1,634 B
2301 Stanford Ct Single Family 2,362 B
2288 Stanford Ct Single Family 2,122 B
956 Cornell Ave Single Family 2,702 B
1115 Princeton Dr Single Family 2,192 B
2150 Oakley Seaver Blvd Office building, non-professional service building, one story 3,264 B
2292 Stanford Ct Single Family 2,044 B
963 Cornell Ave Single Family 2,256 B
2296 Stanford Ct Single Family 2,356 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 80 of all properties in this area. This suggests it would appeal to someone earning around $103,119 per year who should qualify for a mortgage between $206,238 and $257,798.

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 80 of all properties in this area. This corresponds to a rent of $1,392 per month and a monthly household income of $3,902 ($46,824 per year)

Nearby Companies

G Services LLC
975 Cornell Ave
Danpaltz LLC
2296 Stanford Ct
Disclaimers and Disclosures

Public Records Data

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