231 Trafalgar Way, 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 | |
|---|---|---|---|---|
| 227 Trafalgar Way | Single Family | 1,327 | B |
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| 235 Trafalgar Way | Single Family | 1,327 | B |
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| 108 Newcastle Ter | Single Family | 1,618 | B |
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| 104 Newcastle Ter | Single Family | 1,629 | B |
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| 100 Newcastle Ter | Single Family | 1,299 | B |
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| 116 Newcastle Ter | Single Family | 1,299 | B |
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| 232 Trafalgar Way | Single Family | 1,331 | B |
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| 228 Trafalgar Way | Single Family | 1,331 | B |
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| 236 Trafalgar Way | Single Family | 1,331 | B |
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| 224 Trafalgar Way | Single Family | 1,331 | B |
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| 240 Trafalgar Way | Single Family | 1,331 | B |
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| 220 Trafalgar Way | Single Family | 1,331 | B |
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| 244 Trafalgar Way | Single Family | 1,425 | B |
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| 216 Trafalgar Way | Single Family | 1,327 | B |
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| 248 Trafalgar Way | Single Family | 1,331 | B |
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| 212 Trafalgar Way | Single Family | 1,361 | B |
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| 208 Trafalgar Way | Single Family | 1,329 | B |
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| 204 Trafalgar Way | Single Family | 1,329 | B |
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| 200 Trafalgar Way | Single Family | 1,327 | B |
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| 112 Newcastle Ter | Right-of-way, street, road, irrigation channel, ditch, etc. | 0 | L | |
| 101 Yesteryear Ln | Single Family | 1,646 | B |
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| 60 Crockett Rd | Multi-family - less than 10 units | 5,182 | B |
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| 120 Yesteryear Ln | Single Family | 2,304 | B |
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| 25 Bates Rd | Ornamentals, miscellaneous agricultural | 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 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)
Nearby Companies
244 Trafaigar Way