Marion County Real Estate - Silver Springs

Silver Springs is in North Central Florida. It's population as recorded in the 2010 Census was 6,539. Silver Springs is approximately 5 miles from Ocala (population 56,315) and around 20 miles from The Villages (population 51,442).

The median age for residents of Silver Springs is 41. Around 30.2% of Silver Springs households include school aged children and 42.3% of households include individuals aged 65 years or over. Census records indicate 57.5% of the Silver Springs population are White, 33.2% are Black or African American, .5% American Indian, 1.1% Asian and 2.9% are Two or more Races.

There are 3,449 housing units in Silver Springs. 781 (22.6%) of these were reported as vacant in the 2010 Census. Silver Springs is a tourist destination, 29.9% (234) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,002 residential rental units in Silver Springs. 829 of them were occupied in 2010 providing a residential rental vacancy rate of 16.6%.

Silver Springs links:

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

AddressTypeSq FtClass 
3325 Se 53rd Ct Single Family 1,916 B
3286 Se 54th Ave Single Family 2,448 B
3338 Se 54th Ave Single Family 1,830 B
5355 Se 32nd Pl Single Family 2,803 B
3290 Se 53rd Ct Single Family 1,872 B
3345 Se 53rd Ct Single Family 1,717 B
3320 Se 53rd Ct Single Family 1,934 B
3225 Se 53rd Ter Single Family 2,580 B
3346 Se 54th Ave Single Family 1,942 B
3340 Se 53rd Ct Single Family 1,826 B
3202 Se 53rd Ter Single Family 2,103 B
5290 Se 32nd Pl Single Family 1,683 B
3365 Se 53rd Ct Single Family 1,898 B
3285 Se 54th Ave Single Family 2,028 B
3201 Se 53rd Ter Single Family 2,233 B
3216 Se 54th Cir Single Family 2,333 B
3337 Se 54th Ave Single Family 2,021 B
3242 Se 54th Ct Single Family 2,081 B
3366 Se 54th Ave Single Family 2,492 B
3350 Se 53rd Ct Single Family 1,927 B
3353 Se 54th Ave Single Family 1,817 B
3176 Se 53rd Ter Single Family 2,428 B
5270 Se 32nd Pl Single Family 2,327 B
3230 Se 54th Ct Single Family 1,832 B
5275 Se 32nd Pl Single Family 2,111 B
3175 Se 53rd Ter Single Family 2,153 B
3210 Se 54th Cir Single Family 1,941 B
3367 Se 53rd Ct Single Family 2,082 B
5444 Se 32nd Pl Single Family 1,881 B
3365 Se 54th Ave Single Family 1,759 B
3386 Se 54th Ave Single Family 2,357 B
3215 Se 54th Cir Single Family 1,854 B
3360 Se 53rd Ct Single Family 1,890 B
3190 Se 54th Ct Single Family 2,585 B
3150 Se 53rd Ter Single Family 2,153 B

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 80 of all properties in this area. This suggests it would appeal to someone earning around $95,717 per year who should qualify for a mortgage between $191,434 and $239,293.

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 80 of all properties in this area. This corresponds to a rent of $1,046 per month and a monthly household income of $3,436 ($41,232 per year)

Nearby Companies

Jeremy Oil & Food, Inc.
3386 Se 54th Ave
Kelly Teale Inc
5355 Se 32nd Pl
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.