516 Lucaya Loop 3304, Davenport
Polk County Real Estate - Loughman
Loughman is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 2,680. Loughman is approximately 23 miles from Orlando (population 238,300) and around 27 miles from Lakeland (population 97,422).
The median age for residents of Loughman is 34.2. Around 35.7% of Loughman households include school aged children and 19.7% of households include individuals aged 65 years or over. Census records indicate 77.2% of the Loughman population are White, 9.6% are Black or African American, .8% American Indian, 2.4% Asian and 2.7% are Two or more Races. Loughman has a significant Hispanic population. 27.3% (733) of Loughman residents are of Hispanic or Latino origin. Of these 11.73% are of Mexican origin, 59.61% Puerto Rican, 6.54% Cuban and 22.1% are of other Hispanic or Latino origin.
There are 2,019 housing units in Loughman. 1,014 (50.2%) of these were reported as vacant in the 2010 Census. Loughman is a tourist destination, 40.1% (407) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,018 residential rental units in Loughman. 546 of them were occupied in 2010 providing a residential rental vacancy rate of 45.4%.
Loughman 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 | |
|---|---|---|---|---|
| 511 Lucaya Loop 3205 | Condominium | 1,269 | B |
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| 515 Lucaya Loop 3303 | Condominium | 1,269 | B |
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| 505 Lucaya Loop 3105 | Orphanage, other non-profit or charitable services | 1,269 | B |
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| 510 Lucaya Loop Unit 3-510 | Condominium | 1,269 | B |
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| 512 Lucaya Loop 3206 | Condominium | 1,215 | B |
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| 504 Lucaya Loop 3104 | Orphanage, other non-profit or charitable services | 1,269 | B |
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| 506 Lucaya Lp 3106 | Condominium | 1,372 | B |
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| 514 Lucaya Loop 3302 | Condominium | 1,269 | B |
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| 509 Lucaya Loop 3203 | Condominium | 1,269 | B |
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| 3503 Lucaya Lp 3103 | Condominium | 1,269 | B |
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| 513 Lucaya Loop 3301 | Condominium | 1,763 | B |
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| 508 Lucaya Loop 3202 | Condominium | 1,269 | B |
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| 607 Lucaya Lp 2201 | Condominium | 1,215 | B |
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| 502 Lucaya Lp 3102 | Condominium | 1,269 | B |
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| 613 Lucaya Lp 2301 | Condominium | 1,763 | B |
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| 608 Lucaya Lp 2202 | Condominium | 1,269 | B |
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| 601 Lucaya Lp 2101 | Condominium | 1,372 | B |
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| 614 Lucaya Lp 2302 | Condominium | 1,269 | B |
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| 507 Lucaya Loop 3201 | Condominium | 1,215 | B |
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| 602 Lucaya Lp 2102 | Condominium | 1,269 | B |
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| 501 Lucaya Lp 3101 | Condominium | 1,372 | B |
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| 609 Lucaya Loop 2203 | Condominium | 1,269 | B |
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| 603 Lucaya Lp 2103 | Condominium | 1,269 | B |
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| 615 Lucaya Lp 2303 | Condominium | 1,269 | B |
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| 610 Lucaya Lp 2204 | Condominium | 1,269 | B |
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| 604 Lucaya Lp 2104 | Condominium | 1,269 | B |
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| 616 Lucaya Lp 2304 | Condominium | 1,763 | B |
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| 611 Lucaya Lp 2205 | Condominium | 1,269 | B |
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| 605 Lucaya Lp 2105 | Condominium | 1,269 | B |
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| 406 Lucaya Loop 4106 | Condominium | 1,372 | B |
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| 412 Lucaya Loop 4206 | Condominium | 1,215 | B |
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| 612 Lucaya Lp 2206 | Condominium | 1,215 | B |
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| 606 Lucaya Lp 2106 | Condominium | 1,372 | B |
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| 218 Hillcrest Dr | Single Family | 1,962 | B |
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| 405 Lucaya Lp 4105 | Condominium | 1,269 | B |
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| 411 Lucaya Loop 4205 | Condominium | 1,269 | B |
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| 210 Hillcrest Dr | Single Family | 1,962 | B |
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| 416 Lucaya Loop 4304 | Condominium | 1,763 | B |
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| 226 Hillcrest Dr | Single Family | 2,008 | B |
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| 202 Hillcrest Dr | Single Family | 1,962 | B |
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| 404 Lucaya Loop 4104 | Condominium | 1,269 | B |
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| 410 Lucaya Loop 4204 | Condominium | 1,269 | B |
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| 415 Lucaya Loop 4303 | Condominium | 1,269 | B |
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| 234 Hillcrest Dr | Single Family | 1,962 | B |
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| 707 Lucaya Lp 1201 | Condominium | 1,215 | B |
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| 403 Lucaya Loop 4103 | Condominium | 1,269 | B |
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| 409 Lucaya Loop 4203 | Condominium | 1,269 | B |
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| 810 Lucaya Loop 8302 | Condominium | 1,763 | B |
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| 414 Lucaya Lp 4302 | Condominium | 1,269 | B |
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Local Household Income
The median household income in this part of Florida is $48,303. The bottom 10% of the population earn less than $16,451 per year. The top 10% earn more than $111,641 per year. The top 1% earn more than $364,859 per year. Most renters earn between $23,976 (20th percentile) and $48,444 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $96,606 and $120,758.
The tax assessed value of this property places it in percentile 60 of all properties in this area. This suggests it would appeal to someone earning around $57,138 per year who should qualify for a mortgage between $114,276 and $142,845.
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 $844. Most renters earn between $1,998 and $4,037 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $579 (20th percentile) to $1,216 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 60 of all properties in this area. This corresponds to a rent of $933 per month and a monthly household income of $3,060 ($36,720 per year)
Nearby Companies
3-512 Lucaya Loop
148 Hillcrest Dr
615 Lucaya Loop