3501 Fdc Grove Rd, Davenport
Polk County Real Estate - Davenport
Davenport is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 2,888. Davenport is approximately 29 miles from Orlando (population 238,300) and around 23 miles from Lakeland (population 97,422).
The median age for residents of Davenport is 41.7. Around 32% of Davenport households include school aged children and 40% of households include individuals aged 65 years or over. Census records indicate 72.9% of the Davenport population are White, 10.7% are Black or African American, .5% American Indian, 1% Asian and 2.8% are Two or more Races. Davenport has a significant Hispanic population. 28.7% (831) of Davenport residents are of Hispanic or Latino origin. Of these 41.99% are of Mexican origin, 44.28% Puerto Rican, 3.48% Cuban and 10.22% are of other Hispanic or Latino origin.
There are 1,535 housing units in Davenport. 488 (31.7%) of these were reported as vacant in the 2010 Census. Davenport is a tourist destination, 48.7% (238) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 316 residential rental units in Davenport. 212 of them were occupied in 2010 providing a residential rental vacancy rate of 30.7%.
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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 | |
|---|---|---|---|---|
| 3505 Fdc Grove Rd | Single Family | 2,746 | B |
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| 3555 Fdc Grove Rd | Single Family | 2,352 | B |
|
| 2809 Minute Maid Ramp Rd 1 | Single Family | 2,576 | 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 84 of all properties in this area. This suggests it would appeal to someone earning around $95,213 per year who should qualify for a mortgage between $190,426 and $238,033.
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 84 of all properties in this area. This corresponds to a rent of $1,320 per month and a monthly household income of $4,313 ($51,756 per year)