3629 Grove Terrace Dr, Lakeland
Polk County Real Estate - Highland City
Highland City is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 10,834. Highland City is approximately 25 miles from Brandon (population 103,483) and around 7 miles from Lakeland (population 97,422).
The median age for residents of Highland City is 36.2. Around 42.9% of Highland City households include school aged children and 18.8% of households include individuals aged 65 years or over. Census records indicate 81% of the Highland City population are White, 9.4% are Black or African American, .4% American Indian, 4.2% Asian and 2% are Two or more Races.
There are 4,062 housing units in Highland City. 307 (7.5%) of these were reported as vacant in the 2010 Census. There are 778 residential rental units in Highland City. 710 of them were occupied in 2010 providing a residential rental vacancy rate of 8.2%.
Highland 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 | |
|---|---|---|---|---|
| 3623 Grove Terrace Dr | Single Family | 4,604 | B |
 |
| 3680 Welsch Way | Single Family | 2,472 | B |
|
| 3674 Welsch Way | Single Family | 2,979 | B |
|
| 6246 Cornerstone Dr | Single Family | 2,769 | B |
|
| 6242 Cornerstone Dr | Vacant Residential | 0 | L | |
| 6250 Cornerstone Dr | Single Family | 3,038 | B |
|
| 3628 Grove Terrace Dr | Single Family | 2,986 | B |
|
| 3668 Welsch Way | Single Family | 2,427 | B |
|
| Welsch Way | Vacant Institutional Property | 0 | L | |
| 3617 Grove Terrace Dr | Single Family | 2,780 | B |
|
| 3622 Grove Terrace Dr | Single Family | 3,714 | B |
|
| 3660 Welsch Way | Single Family | 2,472 | B |
|
| 6326 Oakpoint Dr | Single Family | 2,979 | B |
|
| 6258 Cornerstone Dr | Vacant Residential | 2,729 | B |
|
| 3616 Grove Terrace Dr | Single Family | 2,319 | B |
|
| 6325 Oakpoint Dr | Single Family | 2,082 | B |
|
| 3611 Grove Terrace Dr | Single Family | 2,581 | B |
|
| 3654 Welsch Way | Single Family | 2,472 | B |
|
| 6243 Cornerstone Dr | Single Family | 2,460 | B |
|
| 6247 Cornerstone Dr | Vacant Residential | 2,240 | B |
|
| 6334 Oakpoint Dr | Single Family | 2,472 | B |
|
| 6239 Cornerstone Dr | Vacant Residential | 0 | L | |
| 6251 Cornerstone Dr | Vacant Residential | 2,234 | B |
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| 3629 Road E 540a | Private school or college | 3,227 | B |
|
| 6235 Cornerstone Dr | Single Family | 3,655 | B |
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| 6255 Cornerstone Dr | Single Family | 2,362 | B |
|
| 3623 E County Rd 540a | Single Family | 3,298 | B |
|
| 6333 Oakpoint Dr | Single Family | 2,979 | B |
|
| 3641 Welch Way | Single Family | 2,472 | B |
|
| 3610 Grove Terrace Dr | Single Family | 2,337 | B |
|
| 6268 Cornerstone Dr | Vacant Residential | 2,113 | B |
|
| 6259 Cornerstone Dr | Single Family | 3,346 | B |
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| 6231 Cornerstone Dr | Single Family | 3,205 | B |
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| 6342 Oakpoint Dr | Single Family | 2,472 | B |
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| 3617 E County Road 540a | Single Family | 3,701 | B |
|
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 79 of all properties in this area. This suggests it would appeal to someone earning around $111,421 per year who should qualify for a mortgage between $222,842 and $278,553.
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 79 of all properties in this area. This corresponds to a rent of $1,161 per month and a monthly household income of $4,080 ($48,960 per year)
Nearby Companies
3623 Grove Terrace Dr