436 Somerset Dr, Auburndale
Polk County Real Estate - Auburndale
Auburndale is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 13,507. Auburndale is approximately 32 miles from Brandon (population 103,483) and around 10 miles from Lakeland (population 97,422).
The median age for residents of Auburndale is 37.9. Around 37.7% of Auburndale households include school aged children and 26.8% of households include individuals aged 65 years or over. Census records indicate 79.9% of the Auburndale population are White, 12.7% are Black or African American, .3% American Indian, 1.1% Asian and 2.1% are Two or more Races.
There are 5,670 housing units in Auburndale. 737 (12.9%) of these were reported as vacant in the 2010 Census. There are 1,646 residential rental units in Auburndale. 1,440 of them were occupied in 2010 providing a residential rental vacancy rate of 11.8%.
Auburndale 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 | |
|---|---|---|---|---|
| 434 Somerset Dr | Single Family | 3,571 | B |
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| 438 Somerset Dr | Single Family | 2,496 | B |
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| 432 Somerset Dr | Single Family | 2,099 | B |
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| 439 Somerset Dr | Single Family | 2,736 | B |
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| 430 Somerset Dr | Single Family | 2,734 | B |
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| 437 Somerset Dr | Single Family | 2,325 | B |
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| 621 Somerset Loop | Single Family | 1,745 | B |
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| 542 Somerset Dr | Single Family | 3,162 | B |
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| 420 Somerset Dr | Single Family | 2,657 | B |
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| 428 Somerset Dr | Single Family | 2,704 | B |
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| 606 Somerset Loop | Single Family | 3,150 | B |
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| 418 Somerset Dr | Single Family | 2,931 | B |
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| 422 Somerset Dr | Single Family | 2,408 | B |
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| 523 Somerset Dr | Single Family | 3,918 | B |
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| 426 Somerset Dr | Single Family | 2,938 | B |
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| 544 Somerset Dr | Single Family | 4,548 | B |
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| 424 Somerset Dr | Single Family | 2,384 | B |
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| 619 Somerset Loop | Single Family | 3,946 | B |
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| 600 Somerset Loop | Single Family | 2,124 | B |
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| 546 Somerset Dr | Single Family | 3,168 | B |
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| 604 Somerset Loop | Single Family | 1,922 | B |
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| 416 Somerset Dr | Single Family | 2,936 | B |
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| 525 Somerset Dr | Single Family | 4,063 | B |
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| 617 Somerset Loop | Single Family | 2,157 | 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 89 of all properties in this area. This suggests it would appeal to someone earning around $107,531 per year who should qualify for a mortgage between $215,062 and $268,828.
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 89 of all properties in this area. This corresponds to a rent of $1,494 per month and a monthly household income of $4,671 ($56,052 per year)
Nearby Companies
600 Somerset Loop
606 Somerset Loop
434 Somerset Dr
434 Somerset Dr
437 Somerset Dr