1540 Se 8th St, 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 | |
|---|---|---|---|---|
| 1550 Se 8th St | Single Family | 3,581 | B |
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| 1530 Se 8th St | Single Family | 2,303 | B |
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| 1560 Se 8th St | Municipal Owned | 0 | L | |
| 1520 Se 8th St | Single Family | 1,853 | B |
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| 1537 Se 11th St | Single Family | 2,149 | B |
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| 1549 Se 11th St | Single Family | 1,392 | B |
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| 1527 Se 11th St | Single Family | 1,616 | B |
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| 1533 Se 8th St | Single Family | 2,002 | B |
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| 1551 Se 8th St | Single Family | 2,020 | B |
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| 1559 Se 11th St | Single Family | 1,410 | B |
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| 1517 Se 11th St | Single Family | 3,170 | B |
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| 1606 Se 8th St | Municipal Owned | 0 | L | |
| 1508 Se 8th St | Single Family | 1,561 | B |
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| 1607 Se 11th St | Single Family | 2,106 | B |
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| 724 Se 15th Ter | Single Family | 3,418 | B |
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| 1507 Se 11th St | Single Family | 2,364 | B |
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| 733 Se 15th Ave | Single Family | 2,046 | B |
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| 723 Se 15th Ter | Single Family | 2,037 | B |
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| 1614 Se 8th St | Vacant Residential | 1,861 | L |
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| 1611 Se 11th St | Single Family | 1,716 | B |
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| 1538 Se 11th St | Single Family | 2,979 | B |
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| 721 Se 15th Ave | Single Family | 1,936 | B |
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| 1546 Se 11th St | Single Family | 1,912 | B |
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| 1526 Se 11th St | Single Family | 1,800 | B |
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| 1613 Se 8th St | Single Family | 1,590 | B |
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| 1450 Se 8th St | Single Family | 1,818 | B |
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| 1560 Se 11th St | Single Family | 3,797 | 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 14 of all properties in this area. This suggests it would appeal to someone earning around $19,404 per year who should qualify for a mortgage between $38,808 and $48,510.
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 14 of all properties in this area. This corresponds to a rent of $514 per month and a monthly household income of $1,859 ($22,308 per year)
Nearby Companies
1517 Se 11th St
1533 Se 8th St
1560 Se 11th St
1560 Se 11th St