508 Lake Clay Dr S, 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 | |
|---|---|---|---|---|
| 518 Lake Clay Dr S | Condominium | 1,314 | B |
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| 528 Lake Clay Dr S | Condominium | 1,314 | B |
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| 526 Lake Clay Dr S | Condominium | 1,266 | B |
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| 506 Lake Clay Dr S | Condominium | 1,314 | B |
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| 516 Lake Clay Dr S | Condominium | 1,314 | B |
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| 524 Lake Clay Dr S | Condominium | 1,290 | B |
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| 514 Lake Clay Dr S | Condominium | 1,314 | B |
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| 504 Lake Clay Dr S | Condominium | 1,314 | B |
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| 512 Lake Clay Dr S | Condominium | 1,314 | B |
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| 502 Lake Clay Dr S | Condominium | 1,314 | B |
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| 522 Lake Clay Dr S | Condominium | 1,266 | B |
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| 500 Lake Clay Dr S | Condominium | 1,314 | B |
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| 510 Lake Clay Dr S | Condominium | 1,314 | B |
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| 520 Lake Clay Dr S | Condominium | 1,314 | B |
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| 418 Lake Clay Dr S | Condominium | 1,374 | B |
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| 408 Lake Clay Dr S | Condominium | 1,374 | B |
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| 624 Lake Clay Dr S | Single Family | 1,942 | B |
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| 416 Lake Clay Dr S | Condominium | 1,374 | B |
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| 517 Us 27 N | Retirement Home not eligible for exemption. | 15,631 | B |
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| 406 Lake Clay Dr S | Condominium | 1,374 | B |
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| 514 Plaza Ave | Single Family | 1,800 | B |
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| 414 Lake Clay Dr S | Condominium | 1,332 | B |
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| 609 Lake Clay Dr S | Miscellaneous Residential (migrant camp or boarding home.) | 400 | B |
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| 404 Lake Clay Dr S | Condominium | 1,374 | B |
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| 613 Lake Clay Dr S | Vacant Residential | 0 | L | |
| 601 Lake Clay Dr S | Vacant Residential | 0 | L | |
| 617 Lake Clay Dr S | Single Family | 3,100 | B |
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| 412 Lake Clay Dr S | Condominium | 1,374 | B |
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| 402 Lake Clay Dr S | Condominium | 1,374 | B |
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| 455 Lake Clay Dr S | Vacant Commercial | 0 | L | |
| 508 Plaza Ave | Single Family | 1,200 | B |
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| 410 Lake Clay Dr S | Condominium | 1,380 | B |
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| 400 Lake Clay Dr S | Condominium | 1,380 | B |
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| 625 Lake Clay Dr S | Single Family | 2,580 | B |
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| 501 Plaza Ave | Restaurant, cafeteria | 3,939 | B |
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| 603 Summit St | Multi-family - less than 10 units | 2,337 | B |
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| 585 Us 27 N | Vacant Commercial | 0 | L | |
| 507 Hillside Ave | Single Family | 1,232 | B |
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| 633 Lake Clay Dr S | Single Family | 2,365 | B |
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| 501 Hillside Ave | Single Family | 2,148 | B |
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| 701 Lake Clay Dr S | Single Family | 2,226 | B |
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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 42 of all properties in this area. This suggests it would appeal to someone earning around $37,860 per year who should qualify for a mortgage between $75,720 and $94,650.
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 42 of all properties in this area. This corresponds to a rent of $671 per month and a monthly household income of $2,308 ($27,696 per year)
Nearby Companies
402 Lake Clay Dr S
624 Lake Clay Drive South