1475 Flamingo Dr -Unit 360, Englewood
Charlotte County Real Estate - Englewood
Englewood is in South West Florida. It's population as recorded in the 2010 Census was 14,863. Englewood is approximately 37 miles from Cape Coral (population 154,305) and around 37 miles from Fort Myers (population 62,298).
The median age for residents of Englewood is 63.6. Around 9.8% of Englewood households include school aged children and 60.6% of households include individuals aged 65 years or over. Census records indicate 97.1% of the Englewood population are White, .3% are Black or African American, .2% American Indian, .7% Asian and 1% are Two or more Races.
There are 10,942 housing units in Englewood. 3,119 (28.5%) of these were reported as vacant in the 2010 Census. Englewood is a tourist destination, 63.9% (1,995) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,805 residential rental units in Englewood. 1,438 of them were occupied in 2010 providing a residential rental vacancy rate of 19.2%.
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Charlotte County
Charlotte County is located in the southwest region of Florida, along with Lee and Collier County. The only incorporated municipality in Charlotte County is Punta Gorda. Other neighborhoods include Port Charlotte, Grove City, Rotonda, Cleveland, South Punta Gorda Heights, and Pirate Harbor. The county has a population in excess of 150,000.
The top industries providing employment are educational, health and social services; retail trade; arts, entertainment, recreation, accommodation and food services; and construction. Targeted industries for Charlotte County are manufacturing, communications & production of communications equipment, back office operations, marine and related industries, aircraft and avionics related industries, aquaculture and related support industries, and green technology industries. Major private sector employers in Charlotte County include Wal-Mart, Peace River Regional Medical Center, Charlotte Regional Medical Center, Publix Supermarkets, and Fawcett Memorial Hospital Inc. Top public sector employers are Charlotte County School Board, Board of County Commissioners, Charlotte County Sheriff's Office, and Charlotte Correctional Institute.
The county seat of Punta Gorda is home to over 15,000. Phosphate mining is an important part of the region?s economy. It used to be that phosphate was shipped down the Peace River to the city, but the railroad extension to Port Boca Grande headed off the need for that transit. Today, Punta Gorda?s economy is reliant on healthcare and tourism.
Neighboring Properties
Local Household Income
The median household income in this part of Florida is $54,839. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $125,742 per year. The top 1% earn more than $399,493 per year. Most renters earn between $26,976 (20th percentile) and $50,376 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,678 and $137,098.
The tax assessed value of this property places it in percentile 15 of all properties in this area. This suggests it would appeal to someone earning around $25,263 per year who should qualify for a mortgage between $50,526 and $63,158.
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 $910. Most renters earn between $2,248 and $4,198 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $670 (20th percentile) to $1,270 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 15 of all properties in this area. This corresponds to a rent of $622 per month and a monthly household income of $2,138 ($25,656 per year)