Seminole County Real Estate - Lake Mary

Lake Mary is in East Central Florida. It's population as recorded in the 2010 Census was 13,822. Lake Mary is approximately 16 miles from Orlando (population 238,300) and around 10 miles from Deltona (population 85,182).

The median age for residents of Lake Mary is 42.9. Around 33.9% of Lake Mary households include school aged children and 25.7% of households include individuals aged 65 years or over. Census records indicate 84.5% of the Lake Mary population are White, 4.9% are Black or African American, .2% American Indian, 5.9% Asian and 2.4% are Two or more Races.

There are 5,728 housing units in Lake Mary. 399 (6.9%) of these were reported as vacant in the 2010 Census. There are 1,356 residential rental units in Lake Mary. 1,231 of them were occupied in 2010 providing a residential rental vacancy rate of 8.9%.

Lake Mary links:

Seminole County

Seminole County is located in the East Central Florida region, along with Brevard, Orange, Volusia, Sumter, Lake, and Osceola County. Cities in Seminole County include Altamonte Springs, Casselberry, Lake Mary, Longwood, Oviedo, Sanford, and Winter Springs. Seminole County?s population is over 420,000 despite being one of the geographically smallest counties in Florida.

Seminole County's major industries include agri-technology, aviation & aerospace, clean technology, and information technology. Top public sector employers in Seminole County are Seminole County Public Schools, Seminole State College of Florida, Seminole County Government, and Seminole County Sheriff Department. The largest private sector employers are Convergys, Florida Hospital, Chase Bankcard Services, Orlando Regional Healthcare, and American Automobile Association.

Known as the Historic Waterfront Gateway City because of its location at the confluence of Lake Monroe and the St. Johns River, Sanford is the seat of Seminole County. Historically a transportation hub for the production of nearby agriculture, Sanford was once known as "Celery City". Home to over 50,000, the city's economy is driven by the service industries and construction. The city's waterfront marinas are still home to commercial craft, but they also host plenty of recreational boats.

AAA (American Automobile Association) is headquartered in the unincorporated Seminole County community of Heathrow.

Neighboring Properties

AddressTypeSq FtClass 
1572 Cherry Ridge Dr Single Family 2,831 C
1560 Cherry Ridge Dr Single Family 2,831 C
1558 Cherry Lake Way Single Family 2,831 C
1576 Cherry Ridge Dr Single Family 2,368 C
1570 Cherry Lake Way Single Family 2,737 C
1565 Cherry Ridge Dr Single Family 2,526 C
1569 Cherry Ridge Dr Single Family 2,368 C
1554 Cherry Lake Way Single Family 3,143 C
1573 Cherry Ridge Dr Single Family 3,021 C
1552 Cherry Ridge Dr Single Family 2,737 C
1580 Cherry Ridge Dr Single Family 2,298 C
1574 Cherry Lake Way Single Family 3,271 C
1577 Cherry Ridge Dr Single Family 2,538 C
1551 Cherry Lake Way Single Family 3,517 C
1553 Cherry Ridge Dr Single Family 3,091 C
1584 Cherry Ridge Dr Single Family 2,538 C
1548 Cherry Ridge Dr Single Family 2,831 C
1581 Cherry Ridge Dr Single Family 2,799 C
1606 Cherry Lake Way Single Family 2,763 C
1602 Cherry Lake Way Single Family 3,271 C
1610 Cherry Lake Way Single Family 2,763 C
1549 Cherry Ridge Dr Single Family 3,285 C
1590 Cherry Lake Way Single Family 3,012 C
1546 Cherry Lake Way Single Family 2,831 C
1614 Cherry Lake Way Single Family 2,862 C
1573 Cherry Lake Way Single Family 3,067 C
1543 Cherry Lake Way Single Family 3,285 C
1588 Cherry Ridge Dr Single Family 2,040 C
1585 Cherry Ridge Dr Single Family 3,143 C
1544 Cherry Ridge Dr Single Family 2,737 C
1618 Cherry Lake Way Single Family 3,067 C
1577 Cherry Lake Way Single Family 3,271 C
1542 Cherry Lake Way Single Family 2,799 C
1622 Cherry Lake Way Single Family 3,271 C
1589 Cherry Ridge Dr Single Family 2,831 C
1539 Cherry Lake Way Single Family 2,697 C
1592 Cherry Ridge Dr Single Family 2,799 C
1581 Cherry Lake Way Single Family 3,067 C
1540 Cherry Ridge Dr Single Family 2,831 C

Local Household Income

The median household income in this part of Florida is $78,153. The bottom 10% of the population earn less than $26,892 per year. The top 10% earn more than $204,219 per year. The top 1% earn more than $633,506 per year. Most renters earn between $39,756 (20th percentile) and $67,296 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $156,306 and $195,383.

The tax assessed value of this property places it in percentile 89 of all properties in this area. This suggests it would appeal to someone earning around $193,521 per year who should qualify for a mortgage between $387,042 and $483,803.

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 $1,097. Most renters earn between $3,313 and $5,608 per month. They typically spend 29% of their monthly income on rent. Most rents fall in the $850 (20th percentile) to $1,513 (80th percentile) range. The residential vacancy rate is 10%.

This property falls in percentile 89 of all properties in this area. This corresponds to a rent of $1,776 per month and a monthly household income of $6,363 ($76,356 per year)

Nearby Companies

Oasis Church Nalc, Inc
1572 Cherry Ridge Dr
Onyx Top Services, LLC.
1580 Cherry Ridge Dr
Ava Properties, LLC
1540 Cherry Ridge Dr
Pinto'S Family Investments LLC
1590 Cherry Lake Way
Bdn International Trading LLC
1590 Cherry Lake Way
American Management Systems Inc
1548 Cherry Ridge Dr
Heathrow Womens Club, Inc.
1552 Cherry Ridge Dr
Peak Consultants, LLC
1551 Cherry Lake Way
Tls Investment Holdings, LLC
1602 Cherry Lake Way
Finley Financial LLC
1602 Cherry Lake Way
Kasmeier Pressure Washing, LLC
1614 Cherry Lake Way
Disclaimers and Disclosures

Public Records Data

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