5603 Lagustrum Ln, Polk City
Polk County Real Estate - Polk City
Polk City is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 1,562. Polk City is approximately 12 miles from Lakeland (population 97,422) and around 26 miles from Kissimmee (population 59,682).
The median age for residents of Polk City is 38.5. Around 37.6% of Polk City households include school aged children and 25.6% of households include individuals aged 65 years or over. Census records indicate 92.5% of the Polk City population are White, 1% are Black or African American, .3% American Indian, .5% Asian and 1.9% are Two or more Races.
There are 661 housing units in Polk City. 96 (14.5%) of these were reported as vacant in the 2010 Census. Polk City is a tourist destination, 29.1% (28) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 155 residential rental units in Polk City. 134 of them were occupied in 2010 providing a residential rental vacancy rate of 13.5%.
Polk City links:
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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 | |
|---|---|---|---|---|
| 5611 Lagustrum Ln | Single Family | 1,377 | B |
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| 5541 Lagustrum Ln | Single Family | 1,500 | B |
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| 5562 Viburnum Ct | Single Family | 1,500 | B |
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| 5619 Lagustrum Ln | Single Family | 2,756 | B |
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| 5610 Viburnum Ct | Single Family | 1,377 | B |
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| 5606 Lagustrum Ln | Single Family | 1,242 | B |
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| 5544 Lagustrum Ln | Single Family | 1,505 | B |
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| 5553 Viburnum Ct | Single Family | 1,377 | B |
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| 5614 Lagustrum Ln | Single Family | 1,500 | B |
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| 5545 Viburnum Ct | Mobile Home | 1,152 | C |
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| 5561 Viburnum Ct | Single Family | 1,377 | B |
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| 5536 Lagustrum | Single Family | 2,150 | B |
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| 5618 Viburnum Ct | Single Family | 1,242 | B |
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| 5627 Lagustrum Ln | Single Family | 1,242 | B |
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| 5537 Viburnum Ct | Single Family | 1,740 | B |
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| 5622 Lagustrum Ln | Single Family | 1,377 | B |
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| 5569 Viburnum Ct | Single Family | 1,500 | B |
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| 5528 Lagustrum Ln | Single Family | 1,925 | B |
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| 5626 Viburnum Ct | Single Family | 1,902 | B |
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| 5529 Viburnum Ct | Single Family | 1,377 | B |
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| 5635 Lagustrum Ln | Single Family | 1,500 | B |
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| 5630 Lagustrum Ln | Single Family | 1,500 | B |
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| 5601 Viburnum Ct | Single Family | 1,242 | B |
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| 5609 Viburnum Ct | Single Family | 1,377 | B |
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| 5520 Lagustrum Ln | Single Family | 1,500 | B |
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| 5634 Viburnum Ct | Single Family | 1,500 | B |
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| 5617 Viburnum Ct | Single Family | 1,377 | B |
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| 5638 Lagustrum Ln | Single Family | 1,377 | B |
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| 5643 Lagustrum Ln | Single Family | 1,377 | B |
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| 5625 Viburnum Ct | Single Family | 1,460 | B |
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| 5642 Viburnum | Single Family | 1,377 | B |
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| 5646 Lagustrum Ln | Single Family | 1,500 | B |
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| 5651 Lagustrum Ln | Single Family | 1,377 | B |
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| 5637 Viburnum Ct | Single Family | 1,377 | B |
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Local Household Income
The median household income in this part of Florida is $48,303. The bottom 10% of the population earn less than $16,451 per year. The top 10% earn more than $111,641 per year. The top 1% earn more than $364,859 per year. Most renters earn between $23,976 (20th percentile) and $48,444 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $96,606 and $120,758.
The tax assessed value of this property places it in percentile 21 of all properties in this area. This suggests it would appeal to someone earning around $26,196 per year who should qualify for a mortgage between $52,392 and $65,490.
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 $844. Most renters earn between $1,998 and $4,037 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $579 (20th percentile) to $1,216 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 21 of all properties in this area. This corresponds to a rent of $586 per month and a monthly household income of $2,033 ($24,396 per year)
Nearby Companies
5606 Lagustrum Ln