501 Norman Ave, Lehigh Acres
Lee County Real Estate - Lehigh Acres
Lehigh Acres is in South West Florida. It's population as recorded in the 2010 Census was 86,784.
The median age for residents of Lehigh Acres is 32.3. Around 44.9% of Lehigh Acres households include school aged children and 22.7% of households include individuals aged 65 years or over. Census records indicate 67.4% of the Lehigh Acres population are White, 19.2% are Black or African American, .4% American Indian, 1.2% Asian and 3.2% are Two or more Races. Lehigh Acres has a significant Hispanic population. 34.3% (29,797) of Lehigh Acres residents are of Hispanic or Latino origin. Of these 30.22% are of Mexican origin, 26.39% Puerto Rican, 21.83% Cuban and 21.55% are of other Hispanic or Latino origin.
There are 38,995 housing units in Lehigh Acres. 9,788 (25.1%) of these were reported as vacant in the 2010 Census. There are 12,287 residential rental units in Lehigh Acres. 10,441 of them were occupied in 2010 providing a residential rental vacancy rate of 14.4%.
Lehigh Acres 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 | |
|---|---|---|---|---|
| 503 Norman Ave | Single Family | 1,713 | B |
 |
| 5402 5th St W | Vacant Residential | 0 | L | |
| 5312 5th St W | Vacant Residential | 0 | L | |
| 411 Norman Ave | Single Family | 3,826 | B |
|
| 505 Norman Ave | Single Family | 2,876 | B |
|
| 5404 5th St W | Vacant Residential | 0 | L | |
| 5403 5th St W | Single Family | 1,534 | B |
|
| 5405 6th St W | Single Family | 1,828 | C |
|
| 5313 5th St W | Single Family | 1,454 | C |
|
| 5310 5th St W | Single Family | 2,139 | B |
|
| 409 Norman Ave | Single Family | 1,060 | C |
|
| 5313 6th St W | Vacant Residential | 0 | L | |
| 5405 5th St W | Single Family | 2,010 | B |
|
| 5406 5th St W | Single Family | 2,126 | B |
|
| 5311 5th St W | Vacant Residential | 0 | L | |
| 5407 6th St W | Single Family | 2,136 | B |
|
| 601 Norman Ave | Vacant Residential | 0 | L | |
| 5308 5th St W | Single Family | 2,494 | B |
|
| 5407 5th St W | Single Family | 1,335 | B |
|
| 5408 Lee St | Single Family | 1,900 | B |
|
| 407 Norman Ave | Single Family | 1,873 | B |
|
| 5324 Lee St | Single Family | 1,656 | B |
|
| 5309 5th St W | Single Family | 2,281 | B |
|
| 5408 5th St W | Vacant Residential | 0 | L | |
| 5309 6th St W | Vacant Residential | 0 | L | |
| 5402 6th St W | Vacant Residential | 0 | L | |
| 5410 Lee St | Single Family | 1,618 | B |
|
| 5312 6th St W | Vacant Residential | 0 | L | |
| 5322 Lee St | Single Family | 2,096 | B |
|
| 5409 6th St W | Vacant Residential | 0 | L | |
| 5404 6th St W | Single Family | 2,361 | B |
|
| 5409 5th St W | Single Family | 1,456 | C |
|
| 5306 5th St W | Single Family | 2,514 | B |
|
| 603 Norman Ave | Single Family | 2,457 | B |
|
| 5310 6th St W | Single Family | 2,530 | B |
|
| 5307 5th St W | Vacant Residential | 0 | L | |
| 5307 6th St W | Vacant Residential | 0 | L | |
| 5320 Lee St | Vacant Residential | 0 | L | |
| 5406 6th St W | Vacant Residential | 0 | L | |
| 5412 Lee St | Single Family | 1,914 | B |
|
| 5308 6th St W | Single Family | 2,361 | B |
|
| 5304 5th St W | Vacant Residential | 0 | L | |
| 5403 7th St W | Single Family | 2,514 | B |
|
| 5408 6th St W | Vacant Residential | 0 | L | |
| 5318 Lee St | Single Family | 1,902 | B |
|
| 605 Norman Ave | Vacant Residential | 0 | L | |
| 5313 7th St W | Single Family | 2,143 | B |
|
| 5483 Lee St | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 1,897 | B |
|
| 5485 Lee St | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 1,897 | B |
|
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 32 of all properties in this area. This suggests it would appeal to someone earning around $39,898 per year who should qualify for a mortgage between $79,796 and $99,745.
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 32 of all properties in this area. This corresponds to a rent of $767 per month and a monthly household income of $2,669 ($32,028 per year)
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