2840 Se 25th Ter, Ocala
Marion County Real Estate - Ocala
Ocala is in North Central Florida. It's population as recorded in the 2010 Census was 56,315.
The median age for residents of Ocala is 38.2. Around 29.6% of Ocala households include school aged children and 29.7% of households include individuals aged 65 years or over. Census records indicate 70.7% of the Ocala population are White, 20.9% are Black or African American, .3% American Indian, 2.5% Asian and 2.4% are Two or more Races.
There are 26,764 housing units in Ocala. 3,661 (13.6%) of these were reported as vacant in the 2010 Census. There are 13,194 residential rental units in Ocala. 11,441 of them were occupied in 2010 providing a residential rental vacancy rate of 12.8%.
Ocala links:
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Marion County
Marion County is located in North Central Florida, along with Alachua, Madison, Hamilton, Taylor, Suwannee, Union, Bradford, Lafayette, Dixie, Levy, Gilchrist, and Columbia counties. Incorporated municipalities include Belleview, Dunnellon, Ocala, McIntosh, and Reddick. The population of Marion County is over 330,000.
The largest industries providing employment in Marion County are agriculture, educational, health, and social services; retail trade; and manufacturing. Major private sector employers are Munroe Regional Medical Center, Ocala Regional Medical Center & West Marion Community Hospital, AT&T, Lockheed Martin, and E-ONE Inc. top public sector employers include Marion County Public Schools, Florida State Government, Federal Government, Marion County BCC, and City of Ocala.
Marion County is the only region in the United States that can legitimately claim the title of the horse capital of the world. Marion County contains nearly 50,000 horses during peak season, more than any other county in the nation. Thoroughbred racehorses from Marion were the first Florida-bred horses to win the Kentucky Derby and Florida Derby. The industry drives approximately $2.2 billion into the local economy and supports 40,000 jobs.
An important agricultural area, Marion County has a long history of ranching. It is the 12th largest cattle producer in the state and the Ocala Bull Sale is the oldest in the nation. More than 250,000 acres are devoted to logging. Other crops produced here include peanuts, citrus, and hay.
Ten miles northwest of Ocala lies the Lowell Correctional Institution. The facility was the first to house female inmates exclusively. The Lowell Annex is part of the complex and houses the state's female inmates on death row.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 2836 Se 25th Ter | Single Family | 2,507 | B |
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| 2844 Se 25th Ter | Single Family | 2,057 | B |
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| 2415 Se 29th St | Single Family | 3,345 | A |
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| 2524 Se 28th Ln | Single Family | 2,528 | B |
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| 2521 Se 29th Ln | Single Family | 2,408 | B |
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| 2715 Se 25th Ct | Single Family | 3,006 | B |
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| 2826 Se 25th Ter | Single Family | 2,208 | B |
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| 2906 Se 25th Ter | Single Family | 2,402 | B |
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| 2416 Se 29th St | Single Family | 3,595 | A |
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| 2411 Se 29th St | Single Family | 3,223 | B |
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| 2523 Se 28th Ln | Single Family | 2,580 | B |
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| 2534 Se 28th Ln | Single Family | 2,670 | B |
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| 2525 Se 29th Ln | Single Family | 1,923 | B |
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| 2410 Se 28th St | Single Family | 2,817 | B |
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| 2520 Se 29th Ln | Single Family | 2,205 | B |
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| 2912 Se 25th Ter | Single Family | 2,295 | B |
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| 2816 Se 25th Ter | Single Family | 2,894 | B |
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| 2711 Se 25th Ct | Single Family | 2,639 | A |
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| 2410 Se 29th St | Single Family | 3,413 | A |
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| 2527 Se 28th Ln | Single Family | 2,406 | B |
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| 2526 Se 29th Ln | Single Family | 2,480 | B |
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| 2522 Se 28th St | Single Family | 1,935 | B |
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| 2544 Se 28th Ln | Single Family | 2,236 | B |
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| 2403 Se 29th St | Single Family | 2,837 | B |
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| 2531 Se 29th Ln | Single Family | 2,964 | B |
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| 2523 Se 30th Pl | Single Family | 2,732 | B |
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| 2406 Se 28th St | Single Family | 3,015 | A |
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| 2806 Se 25th Ter | Single Family | 2,483 | B |
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| 2709 Se 25th Ct | Single Family | 3,719 | A |
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| 2918 Se 25th Ter | Single Family | 2,849 | B |
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| 2526 Se 28th St | Single Family | 2,321 | B |
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| 2402 Se 29th St | Single Family | 2,655 | B |
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| 2533 Se 28th Ln | Single Family | 2,515 | B |
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Local Household Income
The median household income in this part of Florida is $49,566. The bottom 10% of the population earn less than $14,764 per year. The top 10% earn more than $131,988 per year. The top 1% earn more than $464,688 per year. Most renters earn between $24,756 (20th percentile) and $41,232 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $99,132 and $123,915.
The tax assessed value of this property places it in percentile 91 of all properties in this area. This suggests it would appeal to someone earning around $136,612 per year who should qualify for a mortgage between $273,224 and $341,530.
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 $805. Most renters earn between $2,063 and $3,436 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $584 (20th percentile) to $1,046 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 91 of all properties in this area. This corresponds to a rent of $1,308 per month and a monthly household income of $4,467 ($53,604 per year)
Nearby Companies
2709 Se 25th Ct
2709 Se 25th Ct
2523 Se 30th Pl
2402 Se 29th St
2416 Se 29th St
2415 Se 29th St
2524 Se 28th Ln
2406 Se 28th St
2816 Se 25th Ter