245 Hallmark Ave, Lake Placid
Highlands County Real Estate - Lake Placid
Lake Placid is in South Central Florida. It's population as recorded in the 2010 Census was 2,223. Lake Placid is approximately 49 miles from Lehigh Acres (population 86,784) and around 50 miles from Port Charlotte (population 54,392).
The median age for residents of Lake Placid is 34.4. Around 33.7% of Lake Placid households include school aged children and 38.4% of households include individuals aged 65 years or over. Census records indicate 69.5% of the Lake Placid population are White, 7.1% are Black or African American, .4% American Indian, 1.1% Asian and 2.6% are Two or more Races. Lake Placid has a significant Hispanic population. 46% (1,024) of Lake Placid residents are of Hispanic or Latino origin. Of these 84.66% are of Mexican origin, 5.56% Puerto Rican, 2.53% Cuban and 7.22% are of other Hispanic or Latino origin.
There are 1,040 housing units in Lake Placid. 199 (19.1%) of these were reported as vacant in the 2010 Census. There are 571 residential rental units in Lake Placid. 472 of them were occupied in 2010 providing a residential rental vacancy rate of 16.3%.
Lake Placid links:
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Highlands County
Highlands County is located in the south central Florida region, along with Desoto, Hendry, Glades, Okeechobee, and Hardee counties. The largest industries providing employment are education & health services, natural resources & mining, trade & transportation, and government. Major private sector employers for Highlands County are Florida Hospital Heartland Division, Highlands Regional Medical Center, Cross Country Automotive Services, Wal-Mart Sebring, and Medical Data Systems. Top public sector employers are Highlands County School Board and Highlands County Board of Commissioners. Incorporated cities and towns include Avon Park, Lake Placid, and Sebring (county seat)
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 241 Hallmark Ave | Single Family | 2,304 | B |
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| 242 Flamingo St | Single Family | 1,473 | B |
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| 244 Flamingo St | Single Family | 2,599 | B |
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| 240 Flamingo St | Single Family | 1,425 | B |
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| 249 Hallmark Ave | Single Family | 1,446 | B |
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| 251 Hallmark Ave Lt 4 | Vacant Residential | 0 | L | |
| 244 Hallmark Ave | Single Family | 1,599 | B |
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| 242 Hallmark Ave | Miscellaneous Residential (migrant camp or boarding home.) | 0 | L | |
| 238 Flamingo St | Single Family | 1,373 | B |
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| 248 Flamingo St | Vacant Residential | 0 | L | |
| 246 Hallmark Ave | Single Family | 1,126 | B |
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| 240 Hallmark Ave | Single Family | 1,034 | B |
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| 239 Hallmark Ave | Vacant Residential | 0 | L | |
| 248 Hallmark Ave | Single Family | 1,180 | B |
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| 236 Flamingo St | Single Family | 1,086 | B |
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| 250 Flamingo St | Single Family | 1,288 | B |
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| 238 Hallmark Ave | Vacant Residential | 0 | L | |
| 235 Hallmark Ave | Vacant Residential | 0 | L | |
| 253 Hallmark Ave | Vacant Residential | 0 | L | |
| 1713 Fifth St | Vacant Residential | 0 | L | |
| 1715 Cedarbrook St | Single Family | 1,318 | B |
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| 245 Flamingo St | Single Family | 1,215 | C |
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| 252 Flamingo St | Single Family | 1,436 | B |
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| 243 Flamingo St | Single Family | 809 | B |
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| 1717 Cedarbrook St | Single Family | 1,475 | B |
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| 247 Flamingo St | Single Family | 0 | C | |
| 1711 Cedarbrook St | Single Family | 1,681 | B |
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| 252 Hallmark Ave | Single Family | 2,104 | B |
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| 234 Hallmark Ave | Vacant Residential | 0 | L | |
| 1719 Cedarbrook St | Single Family | 1,599 | B |
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| 249 Flamingo St | Vacant Residential | 0 | L | |
| 255 Hallmark Ave | Vacant Residential | 0 | L | |
| 239 Flamingo St | Single Family | 1,437 | B |
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| 232 Flamingo St | Single Family | 2,559 | B |
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| 254 Flamingo St | Vacant Residential | 0 | L | |
| 233 Hallmark Ave | Single Family | 2,302 | B |
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| 1721 Cedarbrook St | Vacant Residential | 0 | L | |
| 232 Hallmark Ave | Vacant Residential | 0 | L | |
| 1705 Cedarbrook St | Single Family | 1,706 | B |
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| 253 Flamingo St | Single Family | 1,691 | B |
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| 257 Hallmark Ave | Vacant Residential | 0 | L |
Local Household Income
The median household income in this part of Florida is $44,029. The bottom 10% of the population earn less than $15,516 per year. The top 10% earn more than $109,632 per year. The top 1% earn more than $372,033 per year. Most renters earn between $21,636 (20th percentile) and $39,204 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $88,058 and $110,073.
The tax assessed value of this property places it in percentile 38 of all properties in this area. This suggests it would appeal to someone earning around $35,013 per year who should qualify for a mortgage between $70,026 and $87,533.
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 $727. Most renters earn between $1,803 and $3,267 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $494 (20th percentile) to $1,009 (80th percentile) range. The residential vacancy rate is 11%.
This property falls in percentile 38 of all properties in this area. This corresponds to a rent of $643 per month and a monthly household income of $2,216 ($26,592 per year)
Nearby Companies
239 Flamingo St