5504 Ninth Ave, Fort Myers
Lee County Real Estate - Cape Coral
Cape Coral
Cape Coral is located in Lee County and borders the Gulf of Mexico. Cape Coral is the largest city between Miami and Tampa and has more miles of canals than any other city in the world. The main industries in Cape Coral include local government services, health care, retail, and real estate/ construction. The top employers for Cape Coral are Lee County School District, Cape Coral City Hall, Publix Supermarkets, Cape Coral Hospital, and Wal-Mart.
Cape Coral is in South West Florida. It's population as recorded in the 2010 Census was 154,305.
The median age for residents of Cape Coral is 42.4. Around 32.2% of Cape Coral households include school aged children and 30.6% of households include individuals aged 65 years or over. Census records indicate 88.1% of the Cape Coral population are White, 4.2% are Black or African American, .3% American Indian, 1.5% Asian and 2.3% are Two or more Races.
There are 78,948 housing units in Cape Coral. 18,181 (23%) of these were reported as vacant in the 2010 Census. Cape Coral is a tourist destination, 36.8% (6,706) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 19,368 residential rental units in Cape Coral. 16,693 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.
Cape Coral links:
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Lee County
Lee County is located in the southwest Florida region, along with Collier and Charlotte counties. The communities in Lee County include Bonita Springs, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, North Fort Myers, San Carlos Park, Sanibel/Captiva, and South Fort Myers. Incorporated communities are Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs, and Sanibel. The population of Lee County is in excess of 600,000.
Top industries currently providing employment are trade, transportation, and utilities; leisure and hospitality; education and health services; and professional and business services. Major private sector employers in Lee County are Publix Supermarkets, Wal-Mart, Chico's FAS Inc., Bonita Bay Group, and WCI Group. Top public sector employers are Lee County School District, Lee County Administration, Lee County Sheriff's Office, and the City of Cape Coral.
Historically, Lee County was best known for its agricultural industry and still heavily produces crops such as sweet corn, cucumbers, peppers and potatoes. Seafood is also produced in large quantities in Lee County. Annually, over five million pounds of fish and two million pounds of shellfish are harvested in Lee County. Today, however, the most dominant industries are tourism, construction, and other service related industries.
The most populous city in southwest Florida is Cape Coral, home to over 150,000. The U.S. Census Bureau estimated that the city grew by 10% from 2010-2013. The city lies on a peninsula surrounded by Charlotte Harbor, with the Caloosahatchee River on the city?s southern border. There are over 400 miles of inland navigable waterways within city limits, the most of any city in the world.
Located across the Caloosahatchee, the county seat of Fort Myers has a population over 60,000 people. The economic heart of Lee County, the city?s strength is in the services, including the healthcare and tourism industries. Just south of the city is Florida Gulf Coast University, Florida's newest public university. Additionally, Florida SouthWestern State College, formerly Edison State College, is located within city limits.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 5512/5514 Ninth Ave | Vacant Residential | 0 | L | |
| 5462 Ninth Ave | Single Family | 900 | C |
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| 5507 Tenth Ave | Single Family | 1,608 | C |
|
| 5505 Tenth Ave | Single Family | 855 | C |
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| 5509 Tenth Ave | Single Family | 1,348 | C |
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| 5463/5465 Tenth Ave | Multi-family - less than 10 units | 1,792 | C |
|
| 5511/5513 Tenth Ave | Vacant Residential | 0 | L | |
| 5503/5505 Ninth Ave | Multi-family - less than 10 units | 1,352 | C |
|
| 5469/5471 Ninth Ave | Multi-family - less than 10 units | 1,352 | C |
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| 1573/1577 Oak Dr | Multi-family - less than 10 units | 3,198 | C |
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| 5507/5509 Ninth Ave | Multi-family - less than 10 units | 1,352 | C |
|
| 5459/5461 Tenth Ave | Multi-family - less than 10 units | 1,378 | C |
|
| 5456 Ninth Ave | Single Family | 972 | C |
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| 5465 Ninth Ave | Single Family | 2,221 | C |
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| 5511 Ninth Ave | Single Family | 1,116 | C |
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| 5517 Tenth Ave | Multi-family - less than 10 units | 1,488 | C |
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| 5455/5457 Tenth Ave | Multi-family - less than 10 units | 1,848 | C |
|
| 5452 Ninth Ave | Vacant Residential | 1,056 | L |
|
| 1603 Oak Dr | Multi-family - less than 10 units | 1,882 | C |
|
| 5457 Ninth Ave | Single Family | 1,242 | C |
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| 5451/5453 Tenth Ave | Multi-family - less than 10 units | 1,500 | C |
|
| 5502/5504 Tenth Ave | Multi-family - less than 10 units | 1,929 | C |
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| 5466/5468 Tenth Ave | Multi-family - less than 10 units | 1,630 | C |
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| 5502/5504 Eighth Ave | Multi-family - less than 10 units | 1,800 | C |
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| 5506/5508 Tenth Ave | Multi-family - less than 10 units | 1,520 | C |
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| 5468/5470 Eighth Ave | Multi-family - less than 10 units | 1,800 | C |
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| 5448 Ninth Ave | Single Family | 816 | C |
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| 5451/5453 Ninth Ave | Multi-family - less than 10 units | 1,904 | C |
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| 5462/5464 Tenth Ave | Multi-family - less than 10 units | 1,560 | B |
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| 5462/5464 Eighth Ave | Multi-family - less than 10 units | 1,840 | C |
|
| 5508 Eighth Ave | Multi-family - less than 10 units | 3,164 | C |
|
| 5510/5512 Tenth Ave | Vacant Residential | 0 | L | |
| 1572/1576 Oak Dr | Multi-family - less than 10 units | 2,390 | C |
|
| 5458/5460 Tenth Ave | Multi-family - less than 10 units | 1,560 | B |
|
| 5447/5449 Tenth Ave | Multi-family - less than 10 units | 1,500 | C |
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| 5458/5460 Eighth Ave | Multi-family - less than 10 units | 2,320 | C |
|
| 5450-5464 Tenth Ave | Multi-family - less than 10 units | 1,560 | B |
|
| 5523/5525 Tenth Ave | Vacant Residential | 0 | L | |
| 1545/1547 Oak Dr | Multi-family - less than 10 units | 1,840 | C |
|
| 1633 Oak Dr | Single Family | 1,849 | C |
|
| 5454/5456 Tenth Ave | Multi-family - less than 10 units | 1,560 | B |
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| 5456 Eighth Ave | Multi-family - less than 10 units | 1,944 | C |
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| 1604/1608 Oak Dr | Multi-family - less than 10 units | 1,488 | C |
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| 5441 Ninth Ave | Single Family | 1,930 | C |
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| 5442 Ninth Ave | Single Family | 1,323 | C |
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| 5450/5452 Eighth Ave | Multi-family - less than 10 units | 2,190 | C |
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| 5529/5531 Tenth Ave | Multi-family - less than 10 units | 2,580 | C |
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| 5471/5473 Eleventh Ave | Multi-family - less than 10 units | 1,831 | C |
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| 5467/5469 Eleventh Ave | Multi-family - less than 10 units | 1,831 | C |
|
Local Household Income
The median household income in this part of Florida is $58,623. The bottom 10% of the population earn less than $18,301 per year. The top 10% earn more than $164,289 per year. The top 1% earn more than $557,577 per year. Most renters earn between $28,680 (20th percentile) and $49,596 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $117,246 and $146,558.
The tax assessed value of this property places it in percentile 3 of all properties in this area. This suggests it would appeal to someone earning around $7,489 per year who should qualify for a mortgage between $14,978 and $18,723.
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 $897. Most renters earn between $2,390 and $4,133 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $676 (20th percentile) to $1,209 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 3 of all properties in this area. This corresponds to a rent of $383 per month and a monthly household income of $1,444 ($17,328 per year)
Nearby Companies
5470 8th Ave
5547 10th Ave
1535 Oak Dr
5507 10th Ave