416 Elgin Blvd, 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 | |
|---|---|---|---|---|
| 406 Elgin Blvd | Single Family | 2,663 | B |
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| 426 Elgin Blvd | Single Family | 2,663 | B |
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| 344 Elgin Blvd | Single Family | 2,290 | B |
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| 436 Elgin Blvd | Single Family | 2,290 | B |
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| 357 Cardiff Ave | Single Family | 1,921 | B |
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| 334 Elgin Blvd | Single Family | 2,668 | B |
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| 446 Elgin Blvd | Single Family | 3,064 | B |
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| 427 Elgin Blvd | Single Family | 2,290 | B |
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| 347 Cardiff Ave | Single Family | 2,290 | B |
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| 358 Cardiff Ave | Single Family | 2,053 | B |
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| 324 Elgin Blvd | Single Family | 2,290 | B |
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| 437 Elgin Blvd | Single Family | 2,761 | B |
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| 456 Elgin Blvd | Single Family | 2,663 | B |
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| 620 Old Bridge Cir | Single Family | 2,703 | B |
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| 610 Old Bridge Cir | Single Family | 2,703 | B |
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| 630 Old Bridge Cir | Single Family | 2,698 | B |
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| 337 Cardiff Ave | Single Family | 2,639 | B |
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| 348 Cardiff Ave | Single Family | 2,284 | B |
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| 558 Old Bridge Cir | Single Family | 2,702 | B |
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| 314 Elgin Blvd | Single Family | 2,065 | B |
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| 640 Old Bridge Cir | Single Family | 2,703 | B |
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| 447 Elgin Blvd | Single Family | 2,290 | B |
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| 548 Old Bridge Cir | Single Family | 2,702 | B |
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| 466 Elgin Blvd | Single Family | 1,913 | B |
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| 338 Cardiff Ave | Single Family | 1,900 | B |
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| 650 Old Bridge Cir | Single Family | 2,698 | B |
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| 143 Alton St | Single Family | 2,628 | B |
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| 327 Cardiff Ave | Single Family | 2,060 | B |
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| 538 Old Bridge Cir | Single Family | 2,540 | B |
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| 457 Elgin Blvd | Single Family | 2,644 | B |
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| 304 Elgin Blvd | Single Family | 2,290 | B |
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| 133 Alton St | Single Family | 1,837 | B |
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| 702 Old Bridge Cir | Single Family | 2,703 | B |
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| 328 Cardiff Ave | Single Family | 2,677 | B |
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| 476 Elgin Blvd | Single Family | 2,290 | B |
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| 528 Old Bridge Cir | Single Family | 2,703 | B |
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| 123 Alton St | Single Family | 1,862 | B |
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| 317 Cardiff Ave | Single Family | 2,290 | B |
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| 467 Elgin Blvd | Single Family | 2,092 | B |
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| 252 Elgin Blvd | Single Family | 2,290 | B |
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| Old Bridge Cir | Vacant Institutional Property | 0 | L | |
| 712 Old Bridge Cir | Single Family | 2,540 | B |
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| 318 Cardiff Ave | Single Family | 1,876 | B |
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| 611 Old Bridge Cir | Single Family | 2,698 | B |
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| 621 Old Bridge Cir | Single Family | 2,703 | B |
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| 601 Old Bridge Cir | Single Family | 2,703 | B |
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| 486 Elgin Blvd | Single Family | 2,060 | B |
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| 518 Old Bridge Cir | Single Family | 2,698 | B |
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| 113 Alton St | Single Family | 2,668 | 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 55 of all properties in this area. This suggests it would appeal to someone earning around $52,535 per year who should qualify for a mortgage between $105,070 and $131,338.
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 55 of all properties in this area. This corresponds to a rent of $882 per month and a monthly household income of $2,899 ($34,788 per year)
Nearby Companies
357 Cardiff Ave
467 Elgin Blvd
538 Old Bridge Cir
631 Old Bridge Cir