6042 Nw 54th Ter, Ocala
Marion County Real Estate - Lowell
Lowell is in North Central Florida. Lowell is approximately 24 miles from Gainesville (population 124,354) and around 10 miles from Ocala (population 56,315).
Lowell 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 | |
|---|---|---|---|---|
| 6022 Nw 54th Ter | Single Family | 1,250 | B |
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| 5445 Nw 60th St | Single Family | 1,275 | B |
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| 6075 Nw 55th Ave | Single Family | 1,296 | B |
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| 5485 Nw 60th St | Single Family | 2,036 | B |
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| 6041 Nw 54th Ter | Single Family | 925 | B |
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| 6021 Nw 54th Ter | Single Family | 1,090 | B |
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| 6061 Nw 54th Ter | Single Family | 1,412 | B |
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| 6095 Nw 55th Ave | Single Family | 1,296 | B |
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| 5405 Nw 60th St | Single Family | 988 | B |
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| 6081 Nw 54th Ter | Single Family | 1,012 | B |
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| 6101 Nw 55th Ave | Single Family | 1,262 | B |
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| 6122 Nw 54th Ter | Single Family | 1,148 | B |
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| 5440 Nw 60th St | Single Family | 1,076 | B |
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| 6060 Nw 55th Ave | Single Family | 1,040 | B |
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| 5460 Nw 60th St | Single Family | 1,211 | B |
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| 6080 Nw 55th Ave | Single Family | 1,292 | B |
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| 6121 Nw 55th Ave | Single Family | 1,214 | B |
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| 6022 Nw 53rd Ct | Single Family | 1,456 | B |
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| 6062 Nw 53rd Ct | Single Family | 975 | B |
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| 6040 Nw 55th Ave | Single Family | 988 | B |
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| 5480 Nw 60th St | Single Family | 1,152 | B |
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| 6082 Nw 53rd Ct | Single Family | 1,398 | B |
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| 5400 Nw 60th St | Single Family | 1,144 | B |
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| 6142 Nw 54th Ter | Single Family | 1,148 | B |
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| 6145 Nw 55th Ave | Single Family | 1,928 | B |
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| 5390 Nw 60th St | Single Family | 1,456 | B |
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| 5990 Nw 55th Ave | Single Family | 1,300 | B |
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| 6141 Nw 54th Terr | Single Family | 1,178 | B |
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| 5931 Nw 55th Ave | Single Family | 1,200 | B |
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| 6065 Nw 55th Ct | Single Family | 1,562 | B |
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| 5560 Nw 61st St | Single Family | 1,034 | B |
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| 5519 Nw 61st St | Single Family | 1,320 | B |
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| 5980 Nw 53rd Ct | Single Family | 1,144 | B |
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| 6045 Nw 55th Ct | Single Family | 1,858 | B |
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| 5512 Nw 61st Ln | Single Family | 1,242 | 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 11 of all properties in this area. This suggests it would appeal to someone earning around $16,148 per year who should qualify for a mortgage between $32,296 and $40,370.
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 11 of all properties in this area. This corresponds to a rent of $461 per month and a monthly household income of $1,712 ($20,544 per year)