1605 Cedarbrook St, 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:
Links
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 | |
|---|---|---|---|---|
| 1607 Cedarbrook St | Single Family | 1,615 | B |
 |
| 342 Hallmark Ave | Vacant Residential | 0 | L | |
| 340 Hallmark Ave | Vacant Residential | 0 | L | |
| 1555 Cedarbrook St | Single Family | 1,179 | B |
|
| 344 Hallmark Ave | Vacant Residential | 0 | L | |
| 338 Hallmark Ave | Vacant Institutional Property | 0 | L | |
| 1606 Cedarbrook St | Single Family | 1,512 | B |
|
| 1600 Cedarbrook St | Single Family | 1,644 | B |
|
| 1609 Cedarbrook St | Single Family | 1,356 | B |
|
| 346 Hallmark Ave | Vacant Residential | 0 | L | |
| 336 Hallmark Ave | Vacant Residential | 0 | L | |
| 1553 Cedarbrook St | Single Family | 1,232 | B |
|
| 1608 Cedarbrook St | Single Family | 1,869 | B |
|
| 1611 Cedarbrook St | Vacant Residential | 0 | L | |
| 348 Hallmark Ave | Vacant Residential | 0 | L | |
| 1554 Cedarbrook St | Vacant Residential | 0 | L | |
| 334 Hallmark Ave | Vacant Residential | 0 | L | |
| 1603 Meadowbrook St | Miscellaneous Residential (migrant camp or boarding home.) | 0 | L | |
| 1610 Cedarbrook St | Single Family | 1,196 | B |
|
| 1601 Meadowbrook St | Single Family | 1,896 | B |
|
| 1605 Meadowbrook St | Single Family | 1,813 | B |
|
| 1552 Cedarbrook St | Single Family | 1,341 | B |
|
| 341 Hallmark Ave | Vacant Residential | 0 | L | |
| 350 Hallmark Ave | Vacant Residential | 0 | L | |
| 1551 Fifth St | Single Family | 1,232 | B |
|
| 343 Hallmark Ave | Single Family | 1,514 | B |
|
| 1607 Meadowbrook St | Single Family | 1,665 | B |
|
| 1613 Cedarbrook St | Single Family | 2,087 | B |
|
| 339 Hallmark Ave | Vacant Residential | 0 | L | |
| 332 Hallmark Ave | Single Family | 1,280 | B |
|
| 345 Hallmark Ave | Vacant Residential | 0 | L | |
| 1509 Camphor Ave | Single Family | 1,477 | B |
|
| 1612 Cedarbrook St | Vacant Residential | 0 | L | |
| 337 Hallmark Ave | Single Family | 1,355 | B |
|
| 1609 Meadowbrook St | Single Family | 1,321 | B |
|
| 347 Hallmark Ave | Vacant Residential | 0 | L | |
| 1550 Cedarbrook St | Single Family | 1,749 | B |
|
| 400 Hallmark Ave | Vacant Residential | 0 | L | |
| 335 Hallmark Ave | Vacant Residential | 0 | L | |
| 1615 Cedarbrook St | Vacant Residential | 0 | L | |
| 330 Hallmark Ave | Vacant Residential | 0 | L | |
| 1614 Cedarbrook St | Single Family | 1,321 | B |
|
| 1547 Meadowbrook St | Vacant Residential | 0 | L | |
| 1611 Meadowbrook St | Vacant Residential | 0 | L | |
| 1547 Cedarbrook St | Single Family | 1,441 | B |
|
| 333 Hallmark Ave | Single Family | 1,572 | B |
|
| 1548 Cedarbrook St | Single Family | 1,634 | B |
|
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 69 of all properties in this area. This suggests it would appeal to someone earning around $63,274 per year who should qualify for a mortgage between $126,548 and $158,185.
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 69 of all properties in this area. This corresponds to a rent of $866 per month and a monthly household income of $2,907 ($34,884 per year)