2776 Ne Cherry Lake Cir, Pinetta
Madison County Real Estate - Pinetta
Pinetta is in North Central Florida. Pinetta is approximately 56 miles from Tallahassee (population 181,376) and around 51 miles from Lake City (population 12,046).
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Madison County
Madison County is located in North Central Florida, along with Alachua, Hamilton, Taylor, Suwannee, Union, Bradford, Lafayette, Dixie, Levy, Gilchrist, Marion, and Columbia counties. The largest industries by employment in Madison County are education & health services; trade, transportation, & utilities; and public administration. Major private sector employers are Madison Correctional Facility, Nestle Waters North America, Johnson & Johnson, Lake Park of Madison Nursing Home, and Madison County Memorial Hospital. Top public sector employers are Madison County School District, Madison Correctional Facility, and Madison County Government. Madison County cities are Greenville, Lee, Madison (county seat), and Pinetta.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 2814 Ne Cherry Lake Cir | Single Family | 1,522 | B |
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| 2747 Ne Cherry Lake Cir | Mobile Home | 1,143 | B |
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| 2793 Ne Cherry Lake Cir | Single Family | 2,356 | B |
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| 2721 Ne Cherry Lake Cir | Single Family | 1,152 | B |
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Local Household Income
The median household income in this part of Florida is $51,243. The bottom 10% of the population earn less than $14,764 per year. The top 10% earn more than $116,481 per year. The top 1% earn more than $304,147 per year. Most renters earn between $17,940 (20th percentile) and $34,860 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $102,486 and $128,108.
The tax assessed value of this property places it in percentile 47 of all properties in this area. This suggests it would appeal to someone earning around $48,301 per year who should qualify for a mortgage between $96,602 and $120,753.
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 $743. Most renters earn between $1,495 and $2,905 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $456 (20th percentile) to $1,002 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 47 of all properties in this area. This corresponds to a rent of $726 per month and a monthly household income of $2,216 ($26,592 per year)