1506 Greenwood 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%.
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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 | |
|---|---|---|---|---|
| 1508 Greenwood Ave | Vacant Residential | 0 | L | |
| 1502 Greenwood Ave | Vacant Residential | 0 | L | |
| 1505 Eighth Ave | Vacant Residential | 0 | L | |
| 1507 Eighth Ave | Vacant Residential | 0 | L | |
| 1503 Eighth Ave | Vacant Residential | 0 | L | |
| 1510 Greenwood Ave | Vacant Residential | 0 | L | |
| 1500 Greenwood Ave | Vacant Residential | 0 | L | |
| 1509 Eighth Ave | Vacant Residential | 0 | L | |
| 1507 Greenwood Ave | Vacant Residential | 0 | L | |
| 1505 Greenwood Ave | Vacant Residential | 0 | L | |
| 1509 Greenwood Ave | Vacant Residential | 0 | L | |
| 1503 Greenwood Ave | Single Family | 2,461 | B |
 |
| 1501 Eighth Ave | Vacant Residential | 0 | L | |
| 1511 Eighth Ave | Vacant Residential | 0 | L | |
| 1511 Greenwood Ave | Vacant Residential | 0 | L | |
| 1512 Greenwood Ave | Vacant Residential | 0 | L | |
| 1501 Greenwood Ave | Vacant Residential | 0 | L | |
| 702 E 15th St | Vacant Residential | 0 | L | |
| 700 E 15th St | Vacant Residential | 0 | L | |
| 1513 Eighth Ave | Vacant Residential | 0 | L | |
| 704 E 15th St | Single Family | 1,892 | B |
|
| 1513 Greenwood Ave | Vacant Residential | 0 | L | |
| 606 E 15th St | Vacant Residential | 0 | L | |
| 1504 Eighth Ave | Vacant Residential | 0 | L | |
| 1514 Greenwood Ave | Vacant Residential | 0 | L | |
| 1506 Eighth Ave | Vacant Residential | 0 | L | |
| 1506 Lincoln Ave | Vacant Residential | 0 | L | |
| 1504 Lincoln Ave | Single Family | 3,097 | B |
|
| 706 E 15th St | Single Family | 1,892 | B |
|
| 801 E 15th St | Vacant Residential | 0 | L | |
| 1502 Eighth Ave | Vacant Residential | 0 | L | |
| 1508 Lincoln Ave | Vacant Residential | 0 | L |
Local Household Income
The median household income in this part of Florida is $54,810. The bottom 10% of the population earn less than $20,561 per year. The top 10% earn more than $132,210 per year. The top 1% earn more than $423,775 per year. Most renters earn between $31,140 (20th percentile) and $50,004 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,620 and $137,025.
The tax assessed value of this property places it in percentile 70 of all properties in this area. This suggests it would appeal to someone earning around $80,094 per year who should qualify for a mortgage between $160,188 and $200,235.
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 $980. Most renters earn between $2,595 and $4,167 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $727 (20th percentile) to $1,230 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 70 of all properties in this area. This corresponds to a rent of $1,120 per month and a monthly household income of $3,847 ($46,164 per year)