1514 Summer Rd, 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 | |
|---|---|---|---|---|
| 1516 Summer Rd | Vacant Residential | 0 | L | |
| 1513 Park Rd | Vacant Residential | 0 | L | |
| 1509 Clarendon St | Single Family | 1,427 | B |
 |
| 1511 Park Rd | Miscellaneous Residential (migrant camp or boarding home.) | 0 | L | |
| 1515 Park Rd | Vacant Residential | 0 | L | |
| 1518 Summer Rd | Vacant Residential | 0 | L | |
| 1511 Clarendon St | Single Family | 2,350 | B |
|
| 1509 Park Rd | Vacant Residential | 0 | L | |
| 1515 Summer Rd | Vacant Residential | 0 | L | |
| 1519 Park Rd | Vacant Residential | 0 | L | |
| 1522 Summer Rd | Single Family | 1,952 | B |
|
| 1521 Park Rd | Vacant Residential | 0 | L | |
| 1514 Spring Rd | Vacant Residential | 0 | L | |
| 1519 Summer Rd | Vacant Residential | 0 | L | |
| 1510 Clarendon St | Single Family | 1,887 | B |
|
| 1512 Park Rd | Single Family | 2,811 | B |
|
| 1515 Clarendon St | Single Family | 2,018 | B |
|
| 1508 Clarendon St | Single Family | 1,229 | B |
|
| 1516 Spring Rd | Vacant Residential | 0 | L | |
| 1516 Park Rd | Single Family | 1,613 | B |
|
| 1512 Clarendon St | Vacant Residential | 0 | L | |
| 1510 Park Rd | Miscellaneous Residential (migrant camp or boarding home.) | 0 | L | |
| 1506 Clarendon St | Single Family | 979 | B |
|
| 1518 Spring Rd | Vacant Residential | 0 | L | |
| 1518 Park Rd | Miscellaneous Residential (migrant camp or boarding home.) | 0 | L | |
| 1508 Park Rd | Single Family | 1,797 | B |
|
| 1523 Park Rd | Vacant Residential | 0 | L | |
| 1521 Summer Rd | Vacant Residential | 0 | L | |
| 1504 Clarendon St | Single Family | 1,435 | B |
|
| 1520 Spring Rd | Vacant Residential | 0 | L | |
| 1516 Clarendon St | Single Family | 2,385 | B |
|
| 1524 Summer Rd | Vacant Residential | 0 | L | |
| 1520 Park Rd | Vacant Residential | 0 | L | |
| 1506 Park Rd | Vacant Residential | 0 | L | |
| 1522 Spring Rd | Vacant Residential | 0 | L | |
| 1525 Park Rd | Vacant Residential | 0 | L | |
| 1504 Park Rd | Vacant Residential | 0 | L | |
| 1524 Park Rd | 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 77 of all properties in this area. This suggests it would appeal to someone earning around $75,404 per year who should qualify for a mortgage between $150,808 and $188,510.
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 $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 77 of all properties in this area. This corresponds to a rent of $971 per month and a monthly household income of $3,174 ($38,088 per year)
Nearby Companies
1512 Park Rd