4355 Ne 25th Ter, Ocala
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:
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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 | |
|---|---|---|---|---|
| 2605 Ne 43rd Pl | Single Family | 1,092 | B |
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| 4385 Ne 25th Ter | Single Family | 1,092 | B |
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| 2600 Ne 44th St | Single Family | 1,092 | B |
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| 2625 Ne 43rd Pl | Single Family | 1,092 | B |
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| 4340 Ne 25th Ter | Single Family | 1,092 | B |
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| 4360 Ne 25th Ter | Single Family | 1,404 | B |
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| 4295 Ne 25th Ter | Single Family | 1,092 | B |
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| 4320 Ne 25th Ter | Single Family | 1,092 | B |
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| 2620 Ne 44th St | Single Family | 1,092 | B |
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| 2600 Ne 43rd Pl | Single Family | 1,014 | B |
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| 4380 Ne 25th Ter | Single Family | 1,092 | B |
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| 2645 Ne 43rd Pl | Single Family | 1,092 | B |
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| 4300 Ne 25th Ter | Single Family | 1,092 | B |
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| 2620 Ne 43rd Pl | Single Family | 1,092 | B |
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| 4400 Ne 25th Ter | Single Family | 1,092 | B |
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| 2640 Ne 44th St | Single Family | 1,092 | B |
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| 4345 Ne 25th Ave | Single Family | 1,092 | B |
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| 4365 Ne 25th Ave | Single Family | 1,092 | B |
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| 4325 Ne 25th Ave | Single Family | 1,092 | B |
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| 4425 Ne 25th Ter | Single Family | 1,164 | B |
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| 2640 Ne 43rd Pl | Single Family | 1,092 | B |
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| 4280 Ne 25th Ter | Single Family | 1,092 | B |
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| 2605 Ne 44th St | Single Family | 1,092 | B |
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| 4385 Ne 25th Ave | Single Family | 1,092 | B |
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| 2665 Ne 43rd Pl | Single Family | 1,092 | B |
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| 2605 Ne 42nd Pl | Single Family | 1,350 | B |
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| 4420 Ne 25th Ter | Single Family | 1,092 | B |
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| 4305 Ne 25th Ave | Single Family | 1,092 | B |
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| 2625 Ne 44th St | Single Family | 1,092 | B |
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| 2660 Ne 44th St | Single Family | 1,092 | B |
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| 4405 Ne 25th Ave | Single Family | 1,092 | B |
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| 2625 Ne 42nd Pl | Single Family | 1,134 | B |
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| 2660 Ne 43rd Pl | Single Family | 1,092 | B |
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| 2545 Ne 42nd Pl | Single Family | 1,092 | B |
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| 2645 Ne 44th Ave | Single Family | 1,092 | B |
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| 4285 Ne 25th Ave | Single Family | 1,092 | B |
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| 2645 Ne 42nd Pl | Single Family | 1,441 | B |
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| 2685 Ne 43rd Pl | Single Family | 1,092 | B |
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| 4425 Ne 25th Ave | Single Family | 1,092 | B |
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| 2540 Ne 45th St | Single Family | 1,092 | B |
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| 2680 Ne 44th St | Single Family | 1,092 | B |
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| 4465 Ne 25th Ter | Single Family | 1,404 | B |
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| 2600 Ne 45th St | Single Family | 1,404 | B |
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| 2665 Ne 44th St | Single Family | 1,092 | B |
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| 2680 Ne 43rd Pl | Single Family | 2,245 | B |
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| 2515 Ne 42nd Pl | Single Family | 1,092 | B |
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| 2620 Ne 45th St | Single Family | 1,404 | B |
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| 2665 Ne 42nd Pl | Single Family | 1,092 | 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 37 of all properties in this area. This suggests it would appeal to someone earning around $38,534 per year who should qualify for a mortgage between $77,068 and $96,335.
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 37 of all properties in this area. This corresponds to a rent of $717 per month and a monthly household income of $2,386 ($28,632 per year)