1280 Old Stokes Rd, Frostproof
Polk County Real Estate - Frostproof
Frostproof is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 2,992. Frostproof is approximately 33 miles from Lakeland (population 97,422) and around 38 miles from Kissimmee (population 59,682).
The median age for residents of Frostproof is 42.8. Around 28.2% of Frostproof households include school aged children and 38.5% of households include individuals aged 65 years or over. Census records indicate 84.6% of the Frostproof population are White, 5.1% are Black or African American, .6% American Indian, .2% Asian and 2% are Two or more Races. Frostproof has a significant Hispanic population. 20.1% (604) of Frostproof residents are of Hispanic or Latino origin. Of these 87.08% are of Mexican origin, 4.3% Puerto Rican, 3.14% Cuban and 5.46% are of other Hispanic or Latino origin.
There are 1,570 housing units in Frostproof. 372 (23.6%) of these were reported as vacant in the 2010 Census. Frostproof is a tourist destination, 61.2% (228) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 467 residential rental units in Frostproof. 392 of them were occupied in 2010 providing a residential rental vacancy rate of 15.4%.
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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 | |
|---|---|---|---|---|
| 1260 Old Stokes Rd | Single Family | 1,045 | B |
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| 1330 Old Stokes Rd | Mobile Home | 2,052 | B |
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| 1340 Old Stokes Rd | Mobile Home | 1,296 | B |
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| 1350 Old Stokes Rd | Mobile Home | 1,144 | B |
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Local Household Income
The median household income in this part of Florida is $51,673. The bottom 10% of the population earn less than $17,128 per year. The top 10% earn more than $117,342 per year. The top 1% earn more than $392,738 per year. Most renters earn between $23,784 (20th percentile) and $44,640 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $103,346 and $129,183.
The tax assessed value of this property places it in percentile 22 of all properties in this area. This suggests it would appeal to someone earning around $27,314 per year who should qualify for a mortgage between $54,628 and $68,285.
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 $826. Most renters earn between $1,982 and $3,720 per month. They typically spend 32.5% of their monthly income on rent. Most rents fall in the $574 (20th percentile) to $1,100 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 22 of all properties in this area. This corresponds to a rent of $594 per month and a monthly household income of $2,042 ($24,504 per year)