5929 Forest Ln, Lakeland
Polk County Real Estate - Nichols
Nichols is in the Tampa Bay region of Florida. Nichols is approximately 26 miles from Tampa (population 335,709) and around 16 miles from Brandon (population 103,483).
Nichols 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 | |
|---|---|---|---|---|
| 6005 Forest Ln | Single Family | 2,240 | B |
 |
| Timberwood Dr | Vacant Residential | 0 | L | |
| 5922 Forest Ln | Mobile Home | 1,404 | B |
|
| 6011 Forest Ln | Mobile Home | 1,456 | B |
|
| 5910 Timberwood Dr | Single Family | 1,728 | B |
|
| 5905 Timberwood Dr | Mobile Home | 1,248 | C |
|
| 6004 Forest Ln | Mobile Home | 1,064 | B |
|
| 6025 Eagle Trl | Mobile Home | 1,512 | B |
|
| 6017 Forest Ln | Mobile Home | 924 | B |
|
| 6010 Forest Ln | Mobile Home | 1,344 | C |
|
Local Household Income
The median household income in this part of Florida is $65,702. The bottom 10% of the population earn less than $22,137 per year. The top 10% earn more than $151,965 per year. The top 1% earn more than $427,118 per year. Most renters earn between $28,020 (20th percentile) and $49,224 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $131,404 and $164,255.
The tax assessed value of this property places it in percentile 53 of all properties in this area. This suggests it would appeal to someone earning around $69,589 per year who should qualify for a mortgage between $139,178 and $173,973.
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 $894. Most renters earn between $2,335 and $4,102 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $690 (20th percentile) to $1,167 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 53 of all properties in this area. This corresponds to a rent of $912 per month and a monthly household income of $3,188 ($38,256 per year)
Nearby Companies
5929 Forest Ln
5905 Timberwood Dr