606 Orchid Dr, 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 | |
|---|---|---|---|---|
| 616 Orchid Dr | Single Family | 2,042 | B |
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| 626 Orchid Dr | Single Family | 1,540 | B |
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| 574 Orchid Dr | Single Family | 1,820 | B |
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| 636 Orchid Dr | Single Family | 2,054 | B |
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| 564 Orchid Dr | Single Family | 1,594 | B |
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| 554 Orchid Dr | Single Family | 1,801 | B |
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| 544 Orchid Dr | Single Family | 1,696 | B |
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| 935 Caribbean Dr | Single Family | 1,950 | B |
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| 925 Caribbean Dr | Single Family | 1,540 | B |
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| 748 Orchid Dr | Single Family | 1,592 | B |
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| 575 Orchid Dr | Single Family | 2,007 | B |
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| 565 Orchid Dr | Single Family | 1,886 | B |
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| 915 Caribbean Dr | Single Family | 2,190 | B |
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| 758 Orchid Dr | Single Family | 1,898 | B |
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| 555 Orchid Dr | Single Family | 1,749 | B |
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| 905 Caribbean Dr | Single Family | 1,488 | B |
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| 545 Orchid Dr | Single Family | 2,001 | B |
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| 607 Orchid Dr | Single Family | 2,054 | B |
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| 768 Orchid Dr | Single Family | 1,684 | B |
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| 617 Orchid Dr | Single Family | 1,540 | B |
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| 627 Orchid Dr | Single Family | 1,938 | B |
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| 778 Orchid Dr | Single Family | 2,054 | B |
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| 535 Orchid Dr | Single Family | 1,864 | B |
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| 525 Orchid Dr | Single Family | 1,888 | B |
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| 637 Orchid Dr | Single Family | 1,552 | B |
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| 873 Caribbean Dr | Single Family | 2,054 | B |
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| 863 Caribbean Dr | Single Family | 1,540 | B |
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| 515 Orchid Dr | Single Family | 1,852 | B |
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| 800 Orchid Dr | Single Family | 1,448 | B |
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| 647 Orchid Dr | Single Family | 2,054 | B |
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| 505 Orchid Dr | Single Family | 1,864 | B |
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| 657 Orchid Dr | Single Family | 1,540 | B |
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| 667 Orchid Dr | Single Family | 2,042 | B |
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| 810 Orchid Dr | Single Family | 2,042 | B |
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| 853 Caribbean Dr | Single Family | 2,190 | B |
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| 214 Mango Dr | Single Family | 1,748 | B |
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| 204 Mango Dr A B | Single Family | 1,872 | B |
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| 224 Mango Dr A B | Single Family | 1,860 | B |
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| 954 Caribbean Dr | Single Family | 1,860 | B |
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| 944 Caribbean Dr | Single Family | 1,872 | B |
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| 234 Mango Dr | Single Family | 1,872 | B |
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| 964 Caribbean Dr | Single Family | 1,860 | B |
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| 843 Caribbean Dr | Single Family | 1,488 | B |
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| 974 Caribbean Dr Unit 1 | Single Family | 1,872 | B |
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| 924 Caribbean Dr | Single Family | 2,190 | B |
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| 677 Orchid Dr | Single Family | 1,552 | B |
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| 820 Orchid Dr | Single Family | 1,436 | B |
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| 244 Mango Dr | Single Family | 1,872 | B |
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| 934 Caribbean Dr | Single Family | 1,488 | 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 18 of all properties in this area. This suggests it would appeal to someone earning around $23,412 per year who should qualify for a mortgage between $46,824 and $58,530.
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 18 of all properties in this area. This corresponds to a rent of $560 per month and a monthly household income of $1,957 ($23,484 per year)
Nearby Companies
700 Caribbean Dr
667 Orchid Dr