1040 S Tennessee Ave, 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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1042 S Tennessee Ave | Single Family | 1,268 | B |
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| 1038 S Tennessee Ave | Single Family | 1,268 | B |
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| 1044 S Tennessee Ave | Single Family | 1,268 | B |
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| 1036 S Tennessee Ave | Single Family | 1,268 | B |
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| 1034 S Tennessee Ave | Single Family | 1,268 | B |
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| 1046 S Tennessee Ave | Single Family | 1,268 | B |
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| 1032 S Tennessee Ave | Single Family | 1,268 | B |
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| 1028 S Tennessee Ave | Single Family | 2,270 | B |
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| 1037 Penn Ave | Single Family | 1,945 | B |
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| 1031 Pennsylvania Ave | Single Family | 1,661 | B |
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| 1041 Pennsylvania Ave | Single Family | 2,076 | B |
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| 1029 Pennsylvania Ave | Single Family | 1,557 | B |
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| 1041 S Tennessee Ave | Single Family | 1,755 | B |
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| 1039 S Tennessee Ave | Single Family | 1,342 | B |
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| 1035 S Tennessee Ave | Single Family | 1,384 | B |
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| 1024 Tennessee Ave S | Single Family | 1,701 | B |
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| 139 E Patterson St | Multi-family - less than 10 units | 2,635 | B |
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| 133 E Patterson St | Multi-family - less than 10 units | 2,635 | B |
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| 1023 Pennsylvania Ave | Single Family | 1,700 | B |
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| 127 E Patterson | Multi-family - less than 10 units | 2,635 | B |
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| 201 E Patterson St | Single Family | 1,735 | B |
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| 1027 S Tennessee Ave | Single Family | 2,281 | B |
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| 123 E Patterson | Multi-family - less than 10 units | 2,635 | B |
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| 1020 S Tennessee Ave | Single Family | 2,555 | B |
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| 1017 S Pennsylvania Ave | Single Family | 1,794 | B |
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| 114 E Patterson St | Vacant Residential | 0 | L | |
| 203 E Patterson St | Single Family | 1,423 | B |
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| 119 E Patterson St | Vacant Residential | 1,296 | B |
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| 117 E Patterson St | Vacant Residential | 1,296 | B |
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| 1015 Pennsylvania Ave | Single Family | 921 | B |
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| 207 E Patterson St | Single Family | 1,698 | B |
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| Paterson St | Vacant Commercial | 0 | L | |
| 1016 S Tennessee Ave | Single Family | 1,039 | B |
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| 115 E Patterson St | Single Family | 1,769 | B |
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| 1019 S Tennessee Ave | Single Family | 1,095 | B |
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| 213 E Patterson St | Single Family | 1,012 | B |
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| 1040 Pennsylvania Ave | Single Family | 2,307 | B |
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| 1046 Florida Ave S | Office building, non-professional service building, one story | 2,300 | B |
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| 1030 Pennsylvania Ave | Single Family | 1,663 | B |
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| 1036 S Florida Ave | Office building, non-professional service building, one story | 3,760 | B |
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| 109 E Patterson St | Single Family | 1,346 | B |
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| 1013 Pennsylvania Ave | Single Family | 1,604 | B |
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| E Park St | Vacant Residential | 0 | L | |
| 130 E Park St | Single Family | 1,488 | B |
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| 1014 Tennessee Ave S | Multi-family - less than 10 units | 2,181 | B |
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| 1028 Pennsylvania Ave | Single Family | 1,656 | B |
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| 1015 S Tennessee Ave | Single Family | 1,566 | B |
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| 1037 S Florida Ave | Office building, non-professional service building, one story | 2,360 | B |
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| 126 E Park St | Single Family | 1,764 | B |
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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 31 of all properties in this area. This suggests it would appeal to someone earning around $35,364 per year who should qualify for a mortgage between $70,728 and $88,410.
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 31 of all properties in this area. This corresponds to a rent of $717 per month and a monthly household income of $2,595 ($31,140 per year)
Nearby Companies
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1048 South Florida Ave
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