8930 Bunker Hill Rd, Parrish
Hillsborough County Real Estate - Wimauma
Wimauma is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 6,373. Wimauma is approximately 19 miles from Tampa (population 335,709) and around 21 miles from Saint Petersburg (population 244,769).
The median age for residents of Wimauma is 25.3. Around 60% of Wimauma households include school aged children and 19.2% of households include individuals aged 65 years or over. Census records indicate 68.5% of the Wimauma population are White, 6.1% are Black or African American, 1% American Indian, .9% Asian and 2% are Two or more Races. Wimauma has a significant Hispanic population. 73.4% (4,680) of Wimauma residents are of Hispanic or Latino origin. Of these 88.24% are of Mexican origin, 2.43% Puerto Rican, .64% Cuban and 8.67% are of other Hispanic or Latino origin.
There are 1,802 housing units in Wimauma. 269 (14.9%) of these were reported as vacant in the 2010 Census. Wimauma is a tourist destination, 52% (140) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 724 residential rental units in Wimauma. 664 of them were occupied in 2010 providing a residential rental vacancy rate of 8%.
Wimauma links:
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Hillsborough County
Hillsborough County is in the Tampa Bay region of Florida, along with Citrus, Hernando, Pasco, Pinellas, Polk, Manatee, and Sarasota counties. Tampa, one of Florida's largest cities, is part of Hillsborough County. Over 1.2 million people live in Hillsborough County.
Hillsborough County has the 6th largest school district in the country, employing approximately 25,000 people. Other major public employers are MacDill Air Force Base, Hillsborough County Government, University of South Florida, and Hillsborough Community College. The largest private sector employers are JP Morgan Chase, H. Lee Moffitt Cancer Center & Research Institute, Citi, Pricewaterhouse Coopers, and Progressive Insurance. Target industries are applied medicine & human performance, high-tech electronics and instruments, business, financial & data services, and marine & environmental activities.
Busch Gardens, one of Florida's main theme parks, is in Tampa and attracts many tourists. Tourists also visit historic Tampa neighborhood of Ybor City, once a cigar factory district, now a National Historic Landmark. Many tourists also flow through the Port of Tampa, which handles about a million cruise passengers each year. Not just for tourists, the port is busiest in the state for cargo, with large quantities of phosphates and steel flowing through it.
Located just outside of Tampa is MacDill Air Force Base, the headquarters for U.S. Central Command and the Special Operations Command. When hurricanes threaten the Atlantic coast, ?hurricane hunter? planes takeoff from MacDill to fly into the storm and take measurements. MacDill employs more than 14,000 and has an estimated impact of $5 billion.
Tampa is ranked by the Globalization and World Cities Research Network as a Gamma+ class city. In 2014 it was ranked as the number two city in the nation for investing in rental properties by All Property Management.
Neighboring Properties
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Local Household Income
The median household income in this part of Florida is $67,706. The bottom 10% of the population earn less than $21,315 per year. The top 10% earn more than $170,131 per year. The top 1% earn more than $473,548 per year. Most renters earn between $29,388 (20th percentile) and $60,564 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $135,412 and $169,265.
The tax assessed value of this property places it in percentile 97 of all properties in this area. This suggests it would appeal to someone earning around $358,568 per year who should qualify for a mortgage between $717,136 and $896,420.
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 $984. Most renters earn between $2,449 and $5,047 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $697 (20th percentile) to $1,482 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 97 of all properties in this area. This corresponds to a rent of $2,714 per month and a monthly household income of $8,424 ($101,088 per year)