4662 Sw 40th Ln, 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 | |
|---|---|---|---|---|
| 4670 Sw 40th Ln | Single Family | 1,596 | B |
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| 4654 Sw 40th Ln | Single Family | 2,185 | B |
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| 4678 Sw 40th Ln | Single Family | 1,714 | B |
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| 4665 Sw 41st St | Single Family | 1,714 | B |
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| 4677 Sw 41st St | Single Family | 1,944 | B |
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| 4689 Sw 41st St | Single Family | 1,596 | B |
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| 4663 Sw 40th Ln | Single Family | 1,604 | B |
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| 4686 Sw 40th Ln | Single Family | 1,596 | B |
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| 4671 Sw 40th Ln | Single Family | 1,604 | B |
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| 4679 Sw 40th Ln | Single Family | 1,604 | B |
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| 4701 Sw 41st St | Single Family | 1,944 | B |
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| 4079 Sw 46th Ter | Single Family | 2,510 | B |
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| 4083 Sw 46th Ter | Single Family | 2,185 | B |
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| 4087 Sw 46th Ter | Single Family | 2,185 | B |
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| 4075 Sw 46th Ter | Single Family | 2,510 | B |
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| 4694 Sw 40th Ln | Single Family | 1,714 | B |
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| 4687 Sw 40th Ln | Single Family | 2,386 | B |
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| 4071 Sw 46th Ter | Single Family | 1,714 | B |
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| 4091 Sw 46th Ter | Single Family | 1,944 | B |
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| 4713 Sw 41st St | Single Family | 2,510 | B |
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| 4112 Sw 46th Ter | Single Family | 2,185 | B |
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| 4115 Sw 46th Ct | Single Family | 1,714 | B |
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| 4693 Sw 40th Ln | Single Family | 2,185 | B |
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| 4067 Sw 46th Ter | Single Family | 1,944 | B |
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| 4664 Sw 40th Pl | Single Family | 1,604 | B |
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| 4103 Sw 46th Ter | Single Family | 2,185 | B |
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| 4670 Sw 40th Pl | Single Family | 1,604 | B |
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| 4658 Sw 40th Pl | Single Family | 2,386 | B |
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| 4676 Sw 40th Pl | Single Family | 1,604 | B |
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| 4122 Sw 46th Ter | Single Family | 1,714 | B |
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| 4063 Sw 46th Ter | Single Family | 1,714 | B |
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| 4127 Sw 46th Ct | Single Family | 2,185 | B |
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| 4113 Sw 46th Ter | Single Family | 1,944 | B |
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| 4682 Sw 40th Pl | Single Family | 1,604 | B |
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| 4725 Sw 41st St | Single Family | 1,944 | B |
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| 4712 Sw 41st St | Single Family | 2,185 | B |
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| 4688 Sw 40th Pl | Single Family | 2,386 | B |
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| 4123 Sw 46th Ter | Single Family | 1,714 | B |
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| 4082 Sw 47th Ave | Single Family | 1,596 | B |
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| 4090 Sw 47th Ave | Single Family | 1,604 | B |
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| 4625 Sw 42nd St | Single Family | 2,220 | B |
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| 4132 Sw 46th Ter | Single Family | 1,596 | B |
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| 4059 Sw 46th Ter | Single Family | 2,185 | B |
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| 4139 Sw 46th Ct | Single Family | 1,714 | B |
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| 4074 Sw 47th Ave | Single Family | 2,185 | B |
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| 4070 Sw 47th Ave | Single Family | 1,714 | B |
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| 4620 Sw 42nd St | Single Family | 2,812 | B |
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| 4133 Sw 46th Ter | Single Family | 2,185 | B |
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| 4064 Sw 47th Ave | Single Family | 2,510 | 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 75 of all properties in this area. This suggests it would appeal to someone earning around $82,028 per year who should qualify for a mortgage between $164,056 and $205,070.
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 75 of all properties in this area. This corresponds to a rent of $986 per month and a monthly household income of $3,221 ($38,652 per year)
Nearby Companies
4670 Sw 40th Pl
4079 Sw 46th Ter
4113 Sw 46th Ter
4620 Sw 42nd St