1054 Lotus Cove #642 Ct, Altamonte Springs
Seminole County Real Estate - Altamonte Springs
Altamonte Springs is in East Central Florida. It's population as recorded in the 2010 Census was 41,496. Altamonte Springs is approximately 8 miles from Orlando (population 238,300) and around 18 miles from Deltona (population 85,182).
The median age for residents of Altamonte Springs is 35.5. Around 26.2% of Altamonte Springs households include school aged children and 19.6% of households include individuals aged 65 years or over. Census records indicate 72.4% of the Altamonte Springs population are White, 13.7% are Black or African American, .3% American Indian, 3.3% Asian and 3.7% are Two or more Races. Altamonte Springs has a significant Hispanic population. 24.2% (10,067) of Altamonte Springs residents are of Hispanic or Latino origin. Of these 9.25% are of Mexican origin, 47.06% Puerto Rican, 7.8% Cuban and 35.86% are of other Hispanic or Latino origin.
There are 22,088 housing units in Altamonte Springs. 2,962 (13.4%) of these were reported as vacant in the 2010 Census. There are 12,738 residential rental units in Altamonte Springs. 11,040 of them were occupied in 2010 providing a residential rental vacancy rate of 13%.
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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
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 14 of all properties in this area. This suggests it would appeal to someone earning around $32,060 per year who should qualify for a mortgage between $64,120 and $80,150.
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 14 of all properties in this area. This corresponds to a rent of $803 per month and a monthly household income of $3,129 ($37,548 per year)
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