552 Palencia Pl, Lakeland
Polk County Real Estate - Lakeland
Lakeland is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 97,422.
The median age for residents of Lakeland is 39.8. Around 26.6% of Lakeland households include school aged children and 34.7% of households include individuals aged 65 years or over. Census records indicate 70.8% of the Lakeland population are White, 20.8% are Black or African American, .3% American Indian, 1.8% Asian and 2.6% are Two or more Races.
There are 48,218 housing units in Lakeland. 7,460 (15.4%) of these were reported as vacant in the 2010 Census. Lakeland is a tourist destination, 28.5% (2,128) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 20,696 residential rental units in Lakeland. 17,679 of them were occupied in 2010 providing a residential rental vacancy rate of 14.1%.
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Polk County
Polk County is part of the Tampa Bay region of Florida along with Citrus, Hernando, Pasco, Pinellas, Hillsborough, Manatee, and Sarasota counties. It is located inland, to the east of Hillsborough County and Tampa. The county is the geographic center of Florida?s population. Polk County is between the two large metropolitan areas of Tampa and Orlando, which accounts for its rapid population growth rate. Despite the positive growth, unemployment rates are historically lower in Polk County than anywhere else in the state. It has a population in excess of 600,000 and 17 incorporated municipalities.
Polk County's economy revolves around the industries of phosphate mining, agriculture, and tourism. Major private sector employers are Publix Supermarkets, Wal-Mart, Lakeland Regional Medical Center, Winter Haven Hospital, and GEICO. The largest public sector employers are Polk County School Board, Polk County Government, Florida State Government, and City of Lakeland. Though the economy depends less on tourism than in other parts of the state, the building of LEGOLAND Florida in Winter Haven has increased tourism and boosted the economy.
Of all Florida counties, Polk has the 2nd most farmland in the state. Like other areas in the central part of the state, Polk has numerous citrus groves.
A mining and railroad town, Lakeland has steadily grown since its 1885 incorporation. Home to around 100,000 people, Lakeland is the headquarters for Saddle Creek Logistics and Fortune 500 supermarket chain Publix. Lakeland also hosts Florida Polytechnic University, Southeastern University, Florida Southern College, and campuses of Polk State College and Webster University.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 556 Palencia Pl | Single Family | 1,414 | B |
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| 544 Palencia Pl | Single Family | 1,212 | B |
|
| 604 Palencia Pl | Single Family | 1,744 | B |
|
| 545 Carey Pl | Single Family | 2,545 | B |
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| 549 Carey Pl | Single Family | 1,448 | B |
|
| 541 Carey Pl | Single Family | 1,755 | B |
|
| 608 Palencia Pl | Single Family | 1,416 | B |
|
| 553 Palencia Pl | Single Family | 1,082 | B |
|
| 549 Palencia Pl | Single Family | 1,313 | B |
|
| 603 Carey Pl | Single Family | 1,914 | B |
|
| 557 Palencia Pl | Single Family | 1,186 | B |
|
| 545 Palencia Pl | Single Family | 1,540 | B |
|
| 535 Carey Pl | Single Family | 2,039 | B |
|
| 612 Palencia Pl | Single Family | 1,541 | B |
|
| 541 Palencia Pl | Single Family | 2,313 | B |
|
| 532 Palencia Pl | Single Family | 2,100 | B |
|
| 607 Palencia Pl | Single Family | 2,705 | B |
|
| 609 Carey Pl | Single Family | 2,514 | B |
|
| 537 Palencia Pl | Single Family | 1,800 | B |
|
| 614 Palencia Pl | Single Family | 2,304 | B |
|
| 613 Palencia Pl | Single Family | 2,010 | B |
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| 615 Carey Pl | Single Family | 2,017 | B |
|
| 602 Prado Pl | Single Family | 2,274 | B |
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| 526 Palencia Pl | Single Family | 1,772 | B |
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| 616 Palencia Pl | Single Family | 1,568 | B |
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| 529 Palencia Pl | Single Family | 2,122 | B |
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| 608 Prado Pl | Single Family | 1,479 | B |
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| 544 Prado Pl | Single Family | 1,636 | B |
|
| 615 Palencia Pl | Single Family | 1,105 | B |
|
| 548 Carey Pl | Single Family | 1,670 | B |
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| 554 Carey Pl | Single Family | 1,419 | B |
|
| 523 Carey Pl | Single Family | 3,156 | B |
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| 544 Carey Pl | Single Family | 1,474 | B |
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| 610 Prado Pl | Single Family | 2,251 | B |
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| 540 Prado Pl | Single Family | 2,172 | B |
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| 602 Carey Pl | Single Family | 1,512 | B |
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| 538 Carey Pl | Single Family | 1,556 | B |
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| 522 Palencia Pl | Single Family | 1,546 | B |
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| 622 Palencia Pl | Single Family | 1,568 | B |
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| 625 Carey Pl | Single Family | 1,620 | B |
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| 606 Carey Pl | Single Family | 1,737 | B |
|
| 612 Prado Pl | Single Family | 2,605 | B |
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| 523 Palencia Pl | Single Family | 1,334 | B |
|
| 625 Palencia Pl | Single Family | 2,621 | B |
|
| 612 Carey Pl | Single Family | 2,161 | B |
|
| 534 Prado Pl | Single Family | 3,047 | B |
|
| 520 Palencia Pl | Single Family | 1,528 | B |
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| 626 Palencia Pl | Single Family | 1,578 | B |
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| 524 Carey Pl | Single Family | 1,756 | B |
|
Local Household Income
The median household income in this part of Florida is $52,750. The bottom 10% of the population earn less than $17,423 per year. The top 10% earn more than $122,920 per year. The top 1% earn more than $384,883 per year. Most renters earn between $27,024 (20th percentile) and $47,808 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $105,500 and $131,875.
The tax assessed value of this property places it in percentile 49 of all properties in this area. This suggests it would appeal to someone earning around $52,191 per year who should qualify for a mortgage between $104,382 and $130,478.
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 $858. Most renters earn between $2,252 and $3,984 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $630 (20th percentile) to $1,159 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 49 of all properties in this area. This corresponds to a rent of $851 per month and a monthly household income of $2,978 ($35,736 per year)
Nearby Companies
613 Palencia Pl
613 Palencia Pl
612 Palencia Pl
4074 Faith St
537 Palencia Pl