1107 Waterfall Ln, 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

AddressTypeSq FtClass 
1105 Waterfall Ln Condominium 2,370 B
1103 Waterfall Ln Condominium 2,370 B
1111 Waterfall Ln Apt 84 Condominium 1,860 B
1101 Waterfall Ln Condominium 1,860 B
1113 Waterfall Ln Condominium 1,728 B
1115 Waterfall Ln Condominium 2,370 B
3210 Stonewater Ct Condominium 1,860 B
3212 Stonewater Ct Condominium 1,728 B
1117 Waterfall Ln Condominium 2,302 B
3214 Stonewater Ct Condominium 2,370 B
1102 Waterfall Ln Condominium 2,484 B
3216 Stonewater Ct Condominium 1,728 B
1119 Waterfall Ln Condominium 1,860 B
1104 Waterfall Ln Apt 73 Condominium 1,944 B
3218 Stonewater Ct Condominium 1,860 B
3206 Stonewater Ct Condominium 1,860 B
1112 Waterfall Ln Condominium 2,484 B
1114 Waterfall Ln Condominium 2,484 B
3220 Stonewater Dr Condominium 1,860 B
3204 Stonewater Ct Condominium 2,370 B
1118 Waterfall Ln Condominium 2,484 B
3222 Stonewater Dr Condominium 1,728 B
1120 Waterfall Ln Condominium 2,484 B
3224 Stonewater Dr Condominium 2,370 B
3202 Stonewater Ct Condominium 2,302 B
3226 Stonewater Dr Condominium 2,302 B
3200 Stonewater Ct Condominium 1,860 B
1124 Waterfall Ln Condominium 2,484 B
3228 Stonewater Dr Condominium 1,860 B
1115 Stonebrooke Ln Condominium 1,944 B
1111 Stonebrooke Ln Condominium 2,484 B
1117 Stonebrooke Ln Condominium 2,484 B
1126 Waterfall Ln Condominium 1,944 B
986 Summerfield Dr Single Family 4,114 B
1109 Stonebrooke Ln Condominium 2,484 B
1125 Stonebrooke Ln Condominium 2,484 B
1127 Stonebrooke Ln Condominium 2,484 B
3178 Stonewater Ct Condominium 1,860 B
978 Summerfield Dr Single Family 5,863 B
1133 Stonebrooke Ln Condominium 2,484 B
3176 Stonewater Ct Unit 104 Condominium 2,302 B
1134 Waterfall Ln Condominium 1,891 B
3215 Stonewater Dr Condominium 1,860 B
1135 Stonebrooke Ln Condominium 2,484 B
3225 Stonewater Dr Condominium 1,860 B
3213 Stonewater Dr Condominium 1,728 B
1105 Stonebrooke Ln Condominium 2,484 B
3174 Stonewater Dr Condominium 2,370 B
1136 Waterfall Ln Condominium 2,484 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 80 of all properties in this area. This suggests it would appeal to someone earning around $94,109 per year who should qualify for a mortgage between $188,218 and $235,273.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$96,221
$192,442
$288,662
$384,883
$94,109

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 80 of all properties in this area. This corresponds to a rent of $1,159 per month and a monthly household income of $3,984 ($47,808 per year)

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$154
$2,129
$4,103
$6,078
$8,052
$3,984
$1,159

Nearby Companies

Senior Advocates Of Central Florida, LLC
1113 Waterfall Ln
Dennis L. Tilton Construction, Inc.
1105 Waterfall Ln
Wreaths, Ribbons & Bows, LLC
3209 Stonewater Dr
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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