1531 Royal Forest Loop, Lakeland
Polk County Real Estate - Mulberry
Mulberry is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 3,817. Mulberry is approximately 30 miles from Tampa (population 335,709) and around 19 miles from Brandon (population 103,483).
The median age for residents of Mulberry is 44.3. Around 28.1% of Mulberry households include school aged children and 43.2% of households include individuals aged 65 years or over. Census records indicate 79.5% of the Mulberry population are White, 14.6% are Black or African American, .2% American Indian, .4% Asian and 1.7% are Two or more Races.
There are 1,914 housing units in Mulberry. 345 (18%) of these were reported as vacant in the 2010 Census. Mulberry is a tourist destination, 31% (107) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 494 residential rental units in Mulberry. 429 of them were occupied in 2010 providing a residential rental vacancy rate of 13%.
Mulberry 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 | |
|---|---|---|---|---|
| 1521 Royal Forest Loop | Single Family | 5,281 | B |
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| 1541 Royal Forest Loop | Single Family | 3,244 | B |
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| 1520 Royal Forest Loop | Single Family | 4,017 | B |
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| 1511 Royal Forest Loop | Single Family | 3,367 | B |
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| 1551 Royal Forest Loop | Single Family | 4,235 | B |
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| 6746 Shepherd Oaks Rd | Single Family | 2,308 | B |
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| 6715 Shepherd Oaks Rd | Single Family | 2,223 | B |
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| 6725 Shepherd Oaks Rd | Single Family | 2,203 | B |
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| 1462 Royal Forest Pl | Single Family | 3,169 | B |
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| 1470 Royal Forest Pl | Single Family | 4,586 | B |
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| 6735 Shepherd Oaks Rd | Single Family | 2,044 | B |
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| 1510 Royal Forest Loop | Single Family | 4,952 | B |
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| 1554 Royal Forest Loop | Single Family | 3,858 | B |
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| 6756 Shepherd Oaks Rd | Single Family | 1,966 | B |
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| 1501 Royal Forest Loop | Single Family | 3,832 | B |
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| 6745 Shepherd Oaks Rd | Single Family | 2,054 | B |
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| 1561 Royal Forest Loop | Single Family | 4,004 | B |
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| 6755 Shepherd Oaks Rd | Single Family | 2,192 | B |
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| 1654 Royal Forest Loop | Single Family | 3,144 | B |
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| 1456 Royal Forest Pl | Single Family | 3,132 | B |
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| 6766 Shepherd Oaks Rd | Single Family | 2,195 | B |
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| 1564 Royal Forest Loop | Single Family | 4,988 | B |
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| 1455 Royal Forest Loop | Single Family | 3,577 | B |
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| 6714 Shepherd Oaks St | Single Family | 1,640 | B |
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| 1460 Royal Forest Loop | Single Family | 3,869 | B |
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| 1465 Royal Forest Pl | Single Family | 4,796 | B |
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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 95 of all properties in this area. This suggests it would appeal to someone earning around $199,159 per year who should qualify for a mortgage between $398,318 and $497,898.
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 95 of all properties in this area. This corresponds to a rent of $1,620 per month and a monthly household income of $5,550 ($66,600 per year)
Nearby Companies
1541 Royal Forest Loop
1561 Royal Forest Loop
1564 Royal Forest Loop
1460 Royal Forest Loop