29025 Se Hwy 42, Umatilla
Lake County Real Estate - Altoona
Altoona is in East Central Florida. It's population as recorded in the 2010 Census was 89. Altoona is approximately 24 miles from Deltona (population 85,182) and around 26 miles from Sanford (population 53,570).
The median age for residents of Altoona is 48.2. Around 26.8% of Altoona households include school aged children and 41.4% of households include individuals aged 65 years or over. Census records indicate 98.8% of the Altoona population are White, 0% are Black or African American, 0% American Indian, 1.1% Asian and 0% are Two or more Races.
There are 48 housing units in Altoona. 7 (14.5%) of these were reported as vacant in the 2010 Census. Altoona is a tourist destination, 57.1% (4) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 12 residential rental units in Altoona. 11 of them were occupied in 2010 providing a residential rental vacancy rate of 8.3%.
Altoona links:
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Lake County
Lake County is located in the east central Florida region, along with Brevard, Orange, Volusia, Sumter, Seminole, and Osceola counties. Cities of Lake County include Astatula, Clermont, Eustis, Fruitland Park, Groveland, Lady Lake, Leesburg, Mascotte, Minneola, Montverde, Mount Dora, Tavares, and Umatilla. Lake County has approximately 1,400 named lakes. It is home to around 300,000 people. About one in four residents are over the age of 65.
Top industries in Lake County are retail, healthcare, construction, and food services. Major private sector employers for Lake County are Leesburg Regional Medical Center, Wal-Mart, Villages of Lake Sumter Inc., Florida Hospital-Waterman, and Publix Supermarkets. Top public sector employers are Lake County Public Schools, Lake County Government, and Lake County Sheriff's Department.
The county seat is Tavares, a city with a population over 12,000. A third of the people who live in Tavares are over age 65. The city?s economic strength lies in services, especially healthcare and retail.
Leesburg is a city of over 20,000. Nestled among the Harris Chain of Lakes, maritime recreational opportunities abound, including boating and fishing.The area hosts many full-service retirement communities. The Leesburg Regional Airport features two runways for general aviaion craft.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 17345 Se 290th Ave | Grazing land soil capability Class IV | 1,648 | B |
 |
| 28989 Se Hwy 42 | Mobile Home | 1,242 | B |
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Local Household Income
The median household income in this part of Florida is $47,461. The bottom 10% of the population earn less than $17,218 per year. The top 10% earn more than $107,570 per year. The top 1% earn more than $332,268 per year. Most renters earn between $22,872 (20th percentile) and $40,056 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $94,922 and $118,653.
The tax assessed value of this property places it in percentile 54 of all properties in this area. This suggests it would appeal to someone earning around $50,937 per year who should qualify for a mortgage between $101,874 and $127,343.
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 $819. Most renters earn between $1,906 and $3,338 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $592 (20th percentile) to $1,056 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 54 of all properties in this area. This corresponds to a rent of $850 per month and a monthly household income of $2,698 ($32,376 per year)
Nearby Companies
29025 Se Highway 42